Par Pacific Holdings
Par Pacific Holdings, Inc., commonly referred to as Par Pacific, is a prominent player in the energy sector, headquartered in Great Britain. Founded in 2011, the company has rapidly expanded its operations across the United States and the Pacific Islands, focusing on refining, logistics, and retail distribution of petroleum products. Specialising in the production of high-quality fuels and lubricants, Par Pacific distinguishes itself through its commitment to operational excellence and sustainability. The company operates several refineries and retail outlets, ensuring a robust supply chain that meets diverse customer needs. With a strong market position, Par Pacific has achieved significant milestones, including strategic acquisitions that enhance its operational capabilities. As a forward-thinking entity in the energy industry, Par Pacific Holdings continues to innovate while maintaining a focus on environmental responsibility.
DitchCarbon Score
How does Par Pacific Holdings'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
Par Pacific Holdings's score of 16 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Par Pacific Holdings's reported carbon emissions
In 2023, Par Pacific Holdings reported total carbon emissions of approximately 1,350,000,000 kg CO2e for Scope 1, 199,000,000 kg CO2e for Scope 2, and 1,094,000,000 kg CO2e for Scope 3 emissions. This reflects a significant increase in Scope 1 emissions compared to previous years, indicating a need for enhanced climate strategies. Over the years, Par Pacific has shown fluctuations in its emissions. For instance, in 2022, the company recorded approximately 871,000,000 kg CO2e in Scope 1 emissions, 117,000,000 kg CO2e in Scope 2, and 1,913,000,000 kg CO2e in Scope 3. The trend suggests a growing challenge in managing emissions, particularly in Scope 1 and Scope 3 categories, which encompass direct emissions from operations and those from the supply chain, respectively. Despite these figures, Par Pacific has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This lack of formal commitments may impact their long-term sustainability goals and industry standing in the context of increasing regulatory and societal pressures for climate action. Overall, while Par Pacific Holdings has made strides in reporting its emissions, the absence of clear reduction strategies highlights an area for potential improvement in their climate commitments.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,503,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 1,400,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 1,503,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Par Pacific Holdings is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
