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 lower 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 reflects a comprehensive approach to emissions reporting, covering all three scopes. Comparatively, in 2023, IndianOil's emissions were approximately 20,210,000,000 kg CO2e for Scope 1, about 22,290,000,000 kg CO2e for Scope 2, and around 277,000,000,000 kg CO2e for Scope 3. The data indicates a trend of increasing emissions, particularly in Scope 3, which is often the largest contributor in the oil and gas sector. IndianOil 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 and climate commitments reflect a proactive stance in addressing climate change, with a focus on both absolute and intensity-based reduction targets.
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Access structured emissions data, company-specific emission factors, and source documents
| 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.
