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 36 is higher than 72% 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 for the Indian region were considerably higher, with Scope 1 emissions at about 20,830,000,000 kg CO2e and Scope 2 emissions at approximately 710,000,000 kg CO2e. 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. Indian Oil's commitment to sustainability is evident in their strategic focus on reducing emissions across all scopes, particularly in light of their substantial Scope 3 emissions, which highlight the importance of addressing indirect emissions in their overall climate strategy.
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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 |
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.
