Indian Oil
Indian Oil Corporation Limited (IOCL), headquartered in New Delhi, India, is a leading player in the oil and gas industry. Founded in 1959, the company has established itself as a key player in refining, pipeline transportation, and marketing of petroleum products across the country. With a vast network of refineries and a significant presence in major operational regions, Indian Oil is renowned for its commitment to quality and innovation. The company offers a diverse range of products, including fuels, lubricants, and petrochemicals, distinguished by their reliability and performance. Indian Oil's strategic initiatives and investments in sustainable energy solutions have positioned it as a market leader, consistently ranking among the top companies in the Fortune Global 500. With a legacy of excellence and a focus on customer satisfaction, Indian Oil continues to drive growth in the energy sector.
DitchCarbon Score
How does Indian Oil'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 Gas/Diesel Oil 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
Indian Oil's score of 20 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Indian Oil's reported carbon emissions
In 2024, Indian Oil Corporation Limited (IndianOil) reported significant carbon emissions, totalling approximately 22,000,000,000 kg CO2e for Scope 1, about 26,270,000,000 kg CO2e for Scope 2, and around 324,810,000,000 kg CO2e for Scope 3 emissions. This data reflects a comprehensive approach to emissions reporting, covering all three scopes. For the previous year, 2023, IndianOil's emissions were approximately 20,830,000,000 kg CO2e for Scope 1 and about 710,000,000 kg CO2e for Scope 2, with no Scope 3 data disclosed. The total emissions for Scope 1 and 2 combined were about 21,540,000,000 kg CO2e. IndianOil has set ambitious climate commitments, aiming to achieve net-zero operational emissions by 2046, aligning with India's broader goal of reaching net-zero emissions by 2070. In the near term, the company targets a 30% reduction in Scope 1 and Scope 2 emissions intensity by 2030, using 2021 levels as a baseline. Additionally, they aim for a 30% reduction in absolute Scope 1 and Scope 2 emissions by 2025. These commitments demonstrate IndianOil's proactive stance in addressing climate change and reducing its carbon footprint, reflecting a growing trend within the industry to adopt sustainable practices and enhance environmental responsibility.
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| 2017 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 385,121,760 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 3 | 265,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
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.
Indian Oil 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.
