Kuwait Petroleum Corporation (KPC), commonly referred to as Kuwait Petroleum, is a state-owned entity headquartered in Kuwait City, KW. Established in 1934, KPC has grown to become a leading player in the global oil and gas industry, with significant operations across the Middle East and beyond. The corporation is primarily engaged in the exploration, production, refining, and distribution of petroleum products, making it a cornerstone of Kuwait's economy. KPC's core offerings include crude oil, natural gas, and a range of refined products, distinguished by their high quality and adherence to international standards. The company has achieved notable milestones, including advancements in sustainable practices and technological innovations in oil extraction. With a strong market position, Kuwait Petroleum continues to be recognised for its commitment to excellence and its pivotal role in the energy sector.
How does Kuwait 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.
Mean score of companies in the Heavy Fuel 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.
Kuwait Petroleum's score of 6 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2019, Kuwait Petroleum reported carbon emissions of approximately 1,217,700 kg CO2e for Scope 2 and about 382,200 kg CO2e for Scope 3, which includes significant contributions from business travel at about 572,900 kg CO2e. The data indicates a focus on indirect emissions, as no Scope 1 emissions data was disclosed. Kuwait Petroleum has set ambitious climate commitments, aiming for a 30% reduction in Scope 2 emissions by 2025 from a 2020 baseline. Additionally, the company is committed to achieving net zero emissions for both Scope 1 and Scope 2 by 2030. These targets reflect a proactive approach to addressing climate change and reducing their carbon footprint. The emissions data is sourced directly from Kuwait Petroleum Corporation, with no cascaded data from parent or related organizations. The company's initiatives align with industry standards for climate action, demonstrating a commitment to sustainability and responsible environmental stewardship.
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.
Kuwait Petroleum 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.