Indian Oil

Indian Oil's reported carbon emissions

Indian Oil Corporation Ltd. (IN) reported a total of approximately 375.8 billion kg CO2e in emissions for the fiscal year 2023. This includes Scope 1 emissions of about 22 billion kg CO2e, Scope 2 emissions of approximately 760 million kg CO2e, and Scope 3 emissions of roughly 351.1 billion kg CO2e. In the previous year, 2022, Indian Oil's total emissions were approximately 321.46 billion kg CO2e. This comprised Scope 1 emissions of about 20.21 billion kg CO2e, Scope 2 emissions of approximately 630 million kg CO2e, and Scope 3 emissions of around 300 billion kg CO2e. For fiscal year 2021, total emissions amounted to approximately 279.17 billion kg CO2e. This consisted of Scope 1 emissions of about 20.83 billion kg CO2e, Scope 2 emissions of approximately 710 million kg CO2e, and Scope 3 emissions of roughly 258.14 billion kg CO2e. Indian Oil has established several climate commitments. The company aims to achieve net-zero operational emissions by 2046, covering both Scope 1 and Scope 2 emissions. Additionally, Indian Oil is targeting a 30% reduction in its Scope 1 and Scope 2 emissions intensity by 2030, using 2021 as the baseline year. They also have a target to reduce Scope 1 and Scope 2 emissions by 30% from 2021 levels by 2025. A broader net-zero emissions goal for the company is set for 2030. It is important to note that for 2024, the reported emissions are significantly lower than in preceding years, with a total of approximately 375.31 million kg CO2e, composed of 21.24 kg CO2e for Scope 1, 1.29 kg CO2e for Scope 2, and 353.88 kg CO2e for Scope 3. This discrepancy suggests a potential change in reporting methodology or scope for the most recent year. Indian Oil does not currently cascade emissions data from a parent organisation.