International Petroleum Sustainability Profile
International Petroleum Corporation (IPC), commonly referred to as International Petroleum, is a prominent player in the global oil and gas industry. Headquartered in Calgary, Canada, IPC operates primarily in Canada and Sweden, focusing on exploration and production activities. Founded in 2017, the company has quickly established itself through strategic acquisitions and a commitment to sustainable practices. IPC's core offerings include the development of oil and gas resources, with a particular emphasis on enhancing production efficiency and minimising environmental impact. The company is recognised for its innovative approaches to resource management, which set it apart in a competitive market. With a strong operational presence and a dedication to responsible energy production, International Petroleum continues to solidify its position as a key contributor to the energy sector.
DitchCarbon Score
How does International Petroleum'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
International Petroleum's score of 19 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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International Petroleum's reported carbon emissions
In 2022, International Petroleum reported total carbon emissions of approximately 796,081,000 kg CO2e for Scope 1, 119,343,000 kg CO2e for Scope 2, and 5,893,000 kg CO2e for Scope 3. The Scope 1 emissions primarily stemmed from stationary combustion (about 667,725,000 kg CO2e) and fugitive emissions (approximately 126,615,000 kg CO2e). The company has not disclosed specific reduction targets or initiatives as part of its climate commitments, nor does it appear to have cascaded data from a parent organisation. In previous years, emissions were also significant, with Scope 1 emissions of about 730,512,000 kg CO2e in 2021 and 678,512,000 kg CO2e in 2020. The company has not established any Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges, indicating a potential area for future commitment and improvement in its sustainability strategy. Overall, while International Petroleum has made strides in emissions reporting, the absence of specific reduction targets highlights the need for enhanced climate action and accountability in line with industry standards.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 696,699,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 138,404,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 2,091,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is International Petroleum's Industry?
How Carbon Intensive is International Petroleum's Location?
International Petroleum's Scope 3 Categories Breakdown
International Petroleum's Scope 3 emissions, which increased by 17% last year and increased by approximately 181% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 1% of total emissions under the GHG Protocol, with "Downstream Transportation & Distribution" being the largest emissions source at 100% of Scope 3 emissions.
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International Petroleum'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.
International Petroleum has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
