HPCL-Mittal Energy Limited
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 21 is lower than 93% 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 total carbon emissions of 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 approximately 6,670,000,000 kg CO2e. This marks a significant increase from 2023, where emissions were about 4,340,000,000 kg CO2e for Scope 1 and 160,000,000 kg CO2e for Scope 2, leading to a total of approximately 4,500,000,000 kg CO2e. In 2022, HMEL's emissions were approximately 3,490,000,000 kg CO2e for Scope 1 and 100,000,000 kg CO2e for Scope 2, totalling around 3,590,000,000 kg CO2e. The company has not disclosed any Scope 3 emissions data, indicating a focus primarily on direct and indirect emissions from their operations. Despite the increase in emissions, HMEL has not set specific reduction targets or climate pledges, which may limit their ability to demonstrate a commitment to long-term sustainability. The company’s GHG intensity has varied over the years, with a reported intensity of 0.0073 metric tons CO2e per revenue in INR million for 2024, compared to 0.00459 metric tons CO2e in 2023 and 0.00502 metric tons CO2e in 2022. Overall, while HMEL has made strides in tracking and reporting emissions, the absence of defined reduction initiatives or climate commitments raises questions about their long-term strategy for addressing climate change.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 5,952,183,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 719,382,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
HPCL-Mittal Energy Limited is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
