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 24 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Indian Oil's reported carbon emissions
In 2023, Indian Oil Corporation Limited (IOCL) reported total carbon emissions of approximately 22000000000 kg CO2e from Scope 1, 760000000 kg CO2e from Scope 2, and 351090000000 kg CO2e from Scope 3 emissions. This indicates a significant reliance on upstream activities, particularly in Scope 3, which includes emissions from the use of sold products and purchased goods and services. Over the years, IOCL has shown fluctuations in its emissions. For instance, in 2022, the company recorded approximately 20830000000 kg CO2e in Scope 1 emissions and 258140000000 kg CO2e in Scope 3 emissions. The data from previous years also reflects a consistent pattern of emissions across all scopes, with Scope 1 emissions peaking at about 20210000000 kg CO2e in 2023. Despite these figures, there are currently no publicly disclosed reduction targets or initiatives from IOCL aimed at decreasing their carbon footprint. The absence of specific climate pledges or science-based targets suggests that while IOCL is aware of its emissions, it has yet to commit to formal reduction strategies. This context highlights the need for the company to enhance its climate commitments in line with global sustainability goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 14,300,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 262,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 390,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 00,000,000,000 | 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 committed to any reduction initiatives 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.
