Oiltanking GmbH Sustainability Profile
Oiltanking GmbH, a leading global provider of tank terminal services, is headquartered in Germany and operates extensively across Europe, the Americas, the Middle East, and Asia. Founded in 1971, the company has established itself as a key player in the oil and gas industry, specialising in the storage and handling of liquid bulk products, including petroleum, chemicals, and biofuels. With a commitment to safety and efficiency, Oiltanking offers unique services that include state-of-the-art terminal operations and logistics solutions. The company’s extensive network of terminals and strategic locations enhances its market position, making it a preferred partner for major oil and gas companies worldwide. Oiltanking's dedication to innovation and sustainability has led to significant achievements, solidifying its reputation as a trusted leader in the tank storage sector.
DitchCarbon Score
How does Oiltanking GmbH'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 Business Services 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
Oiltanking GmbH's score of 26 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Oiltanking GmbH's reported carbon emissions
In 2019, Oiltanking GmbH reported total carbon emissions of approximately 396,914,000 kg CO2e. This figure includes Scope 1 emissions of about 77,701,000 kg CO2e, Scope 2 emissions of around 145,590,000 kg CO2e, and Scope 3 emissions totalling approximately 173,623,000 kg CO2e. Notably, the Scope 3 emissions include about 7,507,000 kg CO2e from business travel and approximately 176,488,000 kg CO2e from upstream transportation and distribution. Oiltanking has set near-term climate commitments aimed at reducing emissions from business travel and energy use. Specifically, the company plans to enhance its video-conferencing systems globally to mitigate CO2e emissions in both Scope 1 and Scope 2 categories, with a target timeframe from 2023 to 2025. The emissions data is cascaded from Oiltanking GmbH as a current subsidiary, reflecting its corporate family relationship. The company has not disclosed any specific Science-Based Targets Initiative (SBTi) targets or broader climate pledges at this time.
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| 2017 | 2018 | 2019 | |
|---|---|---|---|
| Scope 1 | 77,320,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 159,875,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 157,703,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Oiltanking GmbH's Industry?
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Oiltanking GmbH's Scope 3 Categories Breakdown
Oiltanking GmbH's Scope 3 emissions, which increased by 52% last year and increased by approximately 10% since 2017, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 44% of total emissions under the GHG Protocol, with "Upstream Transportation & Distribution" being the largest emissions source at 102% of Scope 3 emissions.
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Oiltanking GmbH'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.
Oiltanking GmbH 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.
