Padma Oil Company Limited Sustainability Profile
Padma Oil Company Limited, commonly referred to as Padma Oil, is a prominent player in the oil and gas industry, headquartered in Bangladesh (BD). Established in 1964, the company has made significant strides in the energy sector, primarily focusing on the refining, distribution, and marketing of petroleum products. With operations extending across major regions in Bangladesh, Padma Oil has built a reputation for delivering high-quality fuels and lubricants. The company’s core offerings include a diverse range of petroleum products, such as diesel, petrol, and lubricants, distinguished by their adherence to international quality standards. Padma Oil's commitment to innovation and sustainability has positioned it as a market leader, recognised for its reliability and customer-centric approach. Over the years, the company has achieved notable milestones, solidifying its status as a trusted name in the Bangladeshi energy landscape.
DitchCarbon Score
How does Padma Oil Company Limited'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 Crude Oil Extraction 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
Padma Oil Company Limited's score of 7 is lower than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Padma Oil Company Limited's reported carbon emissions
In 2022, Padma Oil Company Limited reported total carbon emissions of approximately 4,907,000,000 kg CO2e from Scope 1, 360,000,000 kg CO2e from Scope 2, and 154,000,000 kg CO2e from Scope 3 emissions. This represents a significant reduction from 2021, where emissions were about 13,990,000,000 kg CO2e for Scope 1, 273,000,000 kg CO2e for Scope 2, and 170,000,000 kg CO2e for Scope 3. Despite these reductions, Padma Oil Company Limited has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. The company has disclosed emissions across all three scopes, demonstrating transparency in its reporting practices. As of now, there are no cascaded emissions data from a parent or related organization, and all reported figures are directly from Padma Oil Company Limited. The company’s emissions data reflects its operational impact and highlights the need for ongoing efforts in climate action within the industry.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 13,990,000,000 | 0,000,000,000 |
| Scope 2 | 273,000,000 | 000,000,000 |
| Scope 3 | 170,000,000 | 000,000,000 |
How Carbon Intensive is Padma Oil Company Limited's Industry?
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Padma Oil Company Limited'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.
Padma Oil Company Limited 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.
