Oil And Natural Gas

Oil And Natural Gas's reported carbon emissions

Oil and Natural Gas Corporation Limited (ONGC), an Indian company in the crude petroleum and services related to crude oil extraction industry, has reported significant carbon emissions. In 2024, ONGC's total emissions, encompassing Scope 1, 2, and 3, amounted to approximately 937.69 billion kg CO2e. This figure is composed of Scope 1 emissions totalling around 896.12 billion kg CO2e, Scope 2 emissions of approximately 402 billion kg CO2e, and Scope 3 emissions of about 19.35 billion kg CO2e. Looking at historical data, total emissions in 2023 were approximately 889.66 billion kg CO2e, with Scope 1 emissions at about 854.51 billion kg CO2e and Scope 2 at approximately 35.14 billion kg CO2e. In 2022, Scope 1 emissions were approximately 892 billion kg CO2e, and Scope 2 emissions were about 21 billion kg CO2e. In 2021, Scope 1 emissions were around 915.49 billion kg CO2e and Scope 2 emissions were approximately 26.03 billion kg CO2e. Emissions for 2020 were approximately 981 billion kg CO2e for Scope 1 and 45 billion kg CO2e for Scope 2. In 2019, Scope 1 emissions were about 1025 billion kg CO2e and Scope 2 emissions were approximately 46 billion kg CO2e. For 2018, Scope 1 emissions were roughly 976 billion kg CO2e and Scope 2 emissions were around 39 billion kg CO2e. ONGC has set ambitious climate commitments. The company aims to achieve Net Zero carbon emissions by 2038. Specifically, ONGC targets Net Zero operational emissions (Scope 1 and Scope 2) by 2038, using FY 2021-22 as a baseline. While Scope 3 emissions are disclosed, specific reduction targets for these are not detailed in the provided information. ONGC also provides intensity metrics, with a Scope 1 and 2 emission intensity of approximately 6.28 x 10^-6 kg CO2e per rupee of turnover and 240 kg CO2e per tonne of physical output reported for 2024.