Hindustan Petroleum

Hindustan Petroleum (HPCL), based in India and operating in the crude petroleum and related services sector, is actively engaged in reducing its carbon footprint. For the fiscal year 2024, the company reported substantial emissions across various scopes.

Carbon Emissions Data:

• FY 2024:

  • Scope 1 emissions totalled approximately 4,717,522,000 kg CO2e.
  • Scope 2 emissions amounted to approximately 1,059,353,000 kg CO2e.
  • Scope 3 emissions were approximately 137,374 kg CO2e, with key categories including use of sold products (around 135,056 kg CO2e) and downstream transportation and distribution (around 1,265 kg CO2e).
  • The total combined emissions for Scope 1, 2, and 3 for FY 2024 were approximately 5,776,999,374 kg CO2e.

• FY 2023:

  • Scope 1 emissions were approximately 4,304,201,000 kg CO2e.
  • Scope 2 emissions were approximately 776,480,000 kg CO2e.
  • Scope 3 data was not disclosed for this year.

• FY 2022:

  • Scope 1 emissions were approximately 3,341,600,000 kg CO2e.
  • Scope 2 emissions were approximately 637,000,000 kg CO2e.
  • Scope 3 emissions reached approximately 17,710,000,000 kg CO2e, with significant contributions from the use of sold products (around 14,503,000,000 kg CO2e) and downstream transportation and distribution (around 1,375,000,000 kg CO2e).

• Earlier Years: Emissions data for previous years (2015-2021) show Scope 1 and Scope 2 emissions generally ranging from approximately 3,140,000,000 kg CO2e to 4,717,522,000 kg CO2e and 430,000,000 kg CO2e to 1,059,353,000 kg CO2e respectively. Scope 3 reporting became more comprehensive from FY 2022 onwards.

Climate Commitments and Reduction Initiatives:

HPCL has set a clear target to achieve Net Zero emissions for Scope 1 and Scope 2 by 2040. This commitment is derived from the corporate family relationship with Hindustan Petroleum Corporation Limited, which is a subsidiary. The company's sustainability reports highlight their efforts in emissions intensity reduction, with intensity figures reported for refineries and marketing locations in various years. For instance, in FY 2024, the Scope 1 & 2 Emissions Intensity was approximately 259.0 tonnes CO2e per tonne of product. HPCL actively publishes sustainability reports which are a key source for their environmental performance data and commitments.