Oltchim S.A. Sustainability Profile
Oltchim S.A., a prominent player in the chemical industry, is headquartered in Romania (RO) and operates extensively across Europe. Founded in 1966, the company has established itself as a leader in the production of chemical products, particularly in the fields of petrochemicals and polymers. Oltchim's core offerings include a diverse range of chemicals, such as polyols, chlor-alkali products, and various specialty chemicals, which are distinguished by their high quality and innovative applications. The company has achieved significant milestones, including advancements in sustainable production methods, positioning itself as a key supplier in both domestic and international markets. With a strong commitment to research and development, Oltchim S.A. continues to enhance its market position, contributing to various industries, including automotive, construction, and agriculture, while maintaining a focus on environmental responsibility.
DitchCarbon Score
How does Oltchim S.A.'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 Chemicals 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
Oltchim S.A.'s score of 19 is lower than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Oltchim S.A.'s reported carbon emissions
In 2023, Oltchim S.A. reported total carbon emissions of approximately 274.6 million kg CO2e. This figure includes Scope 1 emissions of about 57.1 million kg CO2e and Scope 2 emissions of approximately 186.8 million kg CO2e. The company also disclosed Scope 3 emissions, which totalled about 30.7 million kg CO2e, encompassing categories such as employee commute and downstream transportation. Comparatively, in 2022, Oltchim S.A. had total emissions of approximately 464 million kg CO2e, with Scope 1 emissions at about 84.7 million kg CO2e and Scope 2 emissions reaching approximately 379.3 million kg CO2e. The absence of Scope 3 data for 2022 indicates a potential area for future reporting improvements. Despite the significant emissions figures, Oltchim S.A. has not established specific reduction targets or initiatives, as indicated by the lack of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). This absence of formal climate pledges suggests that the company may need to enhance its climate strategy to align with industry standards and expectations. Overall, Oltchim S.A.'s emissions data reflects a substantial carbon footprint, highlighting the need for ongoing monitoring and potential commitment to emissions reduction strategies in the future.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 84,728,000 | 00,000,000 |
| Scope 2 | 379,256,000 | 000,000,000 |
| Scope 3 | - | 00,000,000 |
How Carbon Intensive is Oltchim S.A.'s Industry?
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Oltchim S.A.'s Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 11% of total emissions under the GHG Protocol, with "Downstream Transportation & Distribution" being the largest emissions source at 79% of Scope 3 emissions.
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Oltchim S.A.'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.
Oltchim S.A. 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.
