HPCL-Mittal Energy Limited (HMEL), headquartered in India, operates primarily in the insurance and pension funding services sector, excluding compulsory social security services. Established in 2007, HMEL has made significant strides in the industry, focusing on innovative financial solutions tailored to meet the diverse needs of its clients.
With a strong presence in key operational regions across India, HMEL offers a range of core products and services, including life insurance and pension plans. What sets HMEL apart is its commitment to customer-centric solutions and robust risk management strategies, ensuring financial security for its policyholders.
Recognised for its market position, HMEL has achieved notable milestones, reflecting its dedication to excellence and growth within the competitive landscape of the insurance industry.
-11 vs industry average
HPCL-Mittal Energy Limited’s score of 26 is lower than 36% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 7% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
HPCL-Mittal Energy Limited's reported carbon emissions
HPCL-Mittal Energy Limited (HMEL) reported Scope 1 and Scope 2 emissions totalling approximately 6.67 billion kg CO2e for the 2024 reporting year. This figure comprises approximately 5.95 billion kg CO2e from Scope 1 and about 0.72 billion kg CO2e from Scope 2. HMEL's reported Scope 1 and 2 emission intensity for the 2024 reporting year was approximately 0.0073 MT CO2e per INR million in revenue.
For the 2023 reporting year, HMEL's sustainability report indicated an emission intensity of approximately 0.00459 MT CO2e per INR million in revenue. In the 2022 reporting year, this intensity was approximately 0.00502 MT CO2e per INR million in revenue. Similarly, for the 2021 reporting year, the reported emission intensity was approximately 0.00694 MT CO2e per INR million in revenue. For the 2020 reporting year, carbon emission intensity for Scope 1 and Scope 2 was reported as approximately 3000 tonne CO2e per unit of revenue.
HMEL has not disclosed specific reduction targets or commitments to organisations such as the Science Based Targets initiative (SBTi) or the Climate Pledge. There is no information available regarding cascaded emissions data from a parent or related organisation.
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HPCL-Mittal Energy Limited’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for HPCL-Mittal Energy Limited yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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HPCL-Mittal Energy Limited
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