Oil India Limited

Oil India Limited (OIL), headquartered in India and operating in the Gas/Diesel Oil industry, is committed to achieving net-zero emissions by 2040. In line with India's climate objectives and the global energy transition, this ambitious target is a cornerstone of OIL's strategic direction, highlighting its dedication to responsible energy leadership.

For the financial year 2024 (reporting year 2024), Oil India Limited reported total Scope 1 emissions of approximately 1.246 billion kg CO2e and Scope 2 emissions of about 22.477 million kg CO2e. The company also disclosed Scope 3 emissions, amounting to approximately 16.877 billion kg CO2e.

A significant achievement was reported for FY 2024-25, where OIL successfully reduced its combined Scope 1 and Scope 2 emissions by 12.55%. This brought emissions down to approximately 1.268 million metric tonnes of CO2 equivalent (MMTCO₂e), a reduction from about 1.45 MMTCO₂e in FY 2023-24. This reduction has also led to improved emission intensity per unit of production, decreasing from 0.222 MMTCO₂e/MMToE in FY 2023-24 to 0.189 MMTCO₂e/MMToE. These reductions demonstrate OIL's commitment to driving tangible change and leading in decarbonisation efforts.

For FY 2023 (reporting year 2024), Scope 1 emissions were approximately 1.423 billion kg CO2e, with Scope 2 emissions at about 26.773 million kg CO2e. Scope 3 emissions for this period were approximately 17.773 billion kg CO2e.

In FY 2022 (reporting year 2022), Oil India Limited reported Scope 1 emissions totalling approximately 3.655 billion kg CO2e and Scope 2 emissions of about 123.769 million kg CO2e. Scope 3 emissions were not disclosed for this year.

For FY 2021 (reporting year 2022), Scope 1 emissions stood at approximately 3.593 billion kg CO2e, and Scope 2 emissions were about 125.283 million kg CO2e. Scope 3 emissions were not disclosed for this period.

Oil India Limited's climate commitments are also reflected in their production emission factors. For FY 2024-25, the intensity of total Scope 3 emissions per rupee of turnover was 0.076309, and the intensity of total Scope 1 and Scope 2 emissions in terms of physical output was 189 million kg CO2e per tonne. For FY 2023-24, these figures were 0.080311 (total Scope 3 per rupee of turnover) and 221 million kg CO2e per tonne (total Scope 1 and 2 per physical output). The document indicates a missing data point for Scope 3 emissions related to purchased goods and services across multiple reporting years.