Indian Oil Sustainability Profile
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 33 is higher than 67% 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's carbon emissions totalled approximately 377,410 kg CO2e, comprising 21,240 kg CO2e from Scope 1, 1,290 kg CO2e from Scope 2, and a significant 353,880 kg CO2e from Scope 3 emissions. This data reflects a global perspective, while the 2023 emissions in India were reported at about 21,830,000,000 kg CO2e for Scope 1 and 710,000,000 kg CO2e for Scope 2, totalling approximately 22,540,000,000 kg CO2e for both scopes combined. Indian Oil has set ambitious climate commitments, aiming for net-zero operational emissions by 2046, with specific targets to reduce Scope 1 and Scope 2 emissions intensity by 30% from 2021 levels by 2030. Additionally, they plan to achieve a 30% reduction in Scope 1 emissions by 2025. These initiatives align with India's broader goal of achieving net-zero emissions by 2070. The company’s emissions data is not cascaded from any parent organization, indicating that these figures are independently reported by Indian Oil Corporation Limited. The commitment to sustainability is further supported by their ongoing efforts to enhance operational efficiency and reduce reliance on fossil fuels.
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| 2015 | 2016 | 2017 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 18,500,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000 | 00,000 |
| Scope 2 | 950,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000 | 0,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000 | 000,000 |
How Carbon Intensive is Indian Oil's Industry?
How Carbon Intensive is Indian Oil's Location?
Indian Oil'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.
Indian Oil 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.
