Mol Sustainability Profile
MOL Group, a leading integrated oil and gas company, is headquartered in Hungary (HU) and operates extensively across Central and Eastern Europe. Founded in 1957, MOL has established itself as a key player in the energy sector, focusing on exploration, production, refining, and distribution of oil and gas. The company is renowned for its innovative approach to energy solutions, offering a diverse range of products, including fuels, lubricants, and petrochemicals. MOL's commitment to sustainability and technological advancement sets it apart in a competitive market. With a strong market position, MOL Group has achieved significant milestones, including strategic acquisitions and expansions that enhance its operational capabilities. The company continues to drive growth while prioritising environmental responsibility and energy efficiency.
DitchCarbon Score
How does Mol'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 Liquefied Petroleum Gas (LPG) 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
Mol's score of 65 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mol's reported carbon emissions
In 2024, MOL Group reported total carbon emissions of approximately 63.8 billion kg CO2e, comprising 6.4 billion kg CO2e from Scope 1, 920 million kg CO2e from Scope 2 (market-based), and about 56.5 billion kg CO2e from Scope 3 emissions. This marks a slight increase from 2023, when total emissions were approximately 63.2 billion kg CO2e, with Scope 1 emissions at 6.6 billion kg CO2e, Scope 2 at 810 million kg CO2e (market-based), and Scope 3 at about 55.8 billion kg CO2e. MOL Group has set ambitious climate commitments, aiming for net zero emissions across all scopes by 2050. Specifically, the Upstream business division targets net carbon neutrality for Scope 1 and 2 emissions by 2030, which accounted for 1.02 million tonnes CO2e in 2022. Additionally, the company aims to reduce Scope 1 and 2 emissions by 20% by 2030 compared to a 2019 baseline. These commitments reflect MOL's proactive approach to addressing climate change, aligning with industry standards and expectations for sustainability. The emissions data is sourced directly from MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság, with no cascaded data from parent organizations.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 106,198,000,000 | 000,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Mol's Industry?
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Mol's Scope 3 Categories Breakdown
Mol's Scope 3 emissions, which increased by 1% last year and decreased by approximately 4% since 2016, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 93% of Scope 3 emissions.
Top Scope 3 Categories
Mol'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.
Mol 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.
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