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Public Profile
Petroleum Products
KR
updated 12 days ago

Michang Oil Ind. Co., Ltd. Sustainability Profile

Company website

Michang Oil Ind. Co., Ltd., headquartered in South Korea (KR), is a prominent player in the oil and petrochemical industry. Established in 1995, the company has steadily expanded its operations across major regions, focusing on the production and distribution of high-quality lubricants and industrial oils. With a commitment to innovation, Michang Oil offers a diverse range of products, including engine oils, hydraulic fluids, and specialty lubricants, all designed to meet the evolving needs of various sectors. Their unique formulations are tailored to enhance performance and efficiency, setting them apart in a competitive market. Recognised for their dedication to quality and sustainability, Michang Oil has achieved significant milestones, solidifying its position as a trusted supplier in the industry. The company continues to strive for excellence, contributing to advancements in oil technology and environmental stewardship.

DitchCarbon Score

How does Michang Oil Ind. Co., Ltd.'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.

22

Industry Average

Mean score of companies in the Petroleum Products 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.

26

Industry Benchmark

Michang Oil Ind. Co., Ltd.'s score of 22 is lower than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.

39%

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Michang Oil Ind. Co., Ltd.'s reported carbon emissions

Michang Oil Ind. Co., Ltd., headquartered in South Korea (KR), currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. Furthermore, the company has not established any documented reduction targets or climate pledges, which suggests a lack of formal commitments to reducing its carbon footprint at this time. As there are no emissions data or reduction initiatives available, it is unclear how Michang Oil Ind. Co., Ltd. aligns with industry standards for climate action. The absence of specific targets or commitments may reflect a broader context within the oil industry, where many companies are increasingly pressured to disclose emissions and set ambitious reduction goals in line with global climate agreements. Overall, without concrete emissions data or climate commitments, Michang Oil Ind. Co., Ltd. appears to have limited transparency regarding its environmental impact and sustainability efforts.

How Carbon Intensive is Michang Oil Ind. Co., Ltd.'s Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Michang Oil Ind. Co., Ltd.'s primary industry is Non-specified Petroleum Products, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Michang Oil Ind. Co., Ltd.'s Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Michang Oil Ind. Co., Ltd. is in KR, which we do not have grid emissions data for.

Michang Oil Ind. Co., Ltd.'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.

Michang Oil Ind. Co., Ltd. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Michang Oil Ind. Co., Ltd.'s Emissions with Industry Peers

Exxonmobil

US
•
Crude petroleum and services related to crude oil extraction, excluding surveying
Updated about 16 hours ago

S-Oil Total Lubricants Co. Ltd

KR
•
Lubricants
Updated 4 days ago

Suncor Energy

CA
•
Non-specified Petroleum Products
Updated 9 days ago

Eni

IT
•
Crude petroleum and services related to crude oil extraction, excluding surveying
Updated 1 day ago

GS CALTEX

KR
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 11 days ago

Conocophillips

US
•
Gas/Diesel Oil
Updated 9 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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