HPCL-Mittal Energy Limited Sustainability Profile
HPCL-Mittal Energy Limited (HMEL), a prominent player in the Indian energy sector, is headquartered in India. Established in 2000, HMEL operates primarily in the oil and gas industry, focusing on refining and marketing petroleum products. The company’s flagship asset, the Bathinda Refinery in Punjab, is a testament to its commitment to innovation and efficiency. With a diverse portfolio that includes high-quality fuels, lubricants, and petrochemicals, HMEL stands out for its advanced refining technologies and sustainable practices. The company has achieved significant milestones, including the successful commissioning of its refinery, which has positioned it as a key contributor to India's energy landscape. HMEL's dedication to excellence and sustainability has solidified its reputation as a leader in the market, making it a vital player in the country's energy future.
DitchCarbon Score
How does HPCL-Mittal Energy Limited's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
HPCL-Mittal Energy Limited's score of 16 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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HPCL-Mittal Energy Limited's reported carbon emissions
In 2024, HPCL-Mittal Energy Limited (HMEL) reported significant carbon emissions, totalling approximately 5,950,000,000 kg CO2e for Scope 1 and about 720,000,000 kg CO2e for Scope 2, resulting in a combined total of around 6,670,000,000 kg CO2e. This data reflects HMEL's operational footprint on a global scale. For the Indian operations in 2022, HMEL disclosed emissions of approximately 3,958,973,000 kg CO2e for Scope 1 and about 183,349,000 kg CO2e for Scope 2. This indicates a focused effort on tracking and managing emissions within the local context. Despite these figures, HMEL has not set specific reduction targets or initiatives as part of their climate commitments, nor have they reported any Science-Based Targets Initiative (SBTi) targets. The absence of such commitments suggests a need for further development in their climate strategy. Overall, while HMEL has made strides in emissions reporting, the lack of defined reduction goals highlights an opportunity for the company to enhance its climate action framework and align with industry standards for sustainability.
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| 2024 | |
|---|---|
| Scope 1 | 5,950,000,000 |
| Scope 2 | 720,000,000 |
| Scope 3 | - |
How Carbon Intensive is HPCL-Mittal Energy Limited's Industry?
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HPCL-Mittal Energy Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
HPCL-Mittal Energy Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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