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.
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 engagement in tracking and reporting their carbon footprint across all three scopes of emissions. Over the years, Par Pacific has shown fluctuations in their emissions. For instance, in 2022, their emissions were approximately 871,000,000 kg CO2e for Scope 1, 117,000,000 kg CO2e for Scope 2, and 1,913,000,000 kg CO2e for Scope 3. The company has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The emissions data highlights the company's substantial reliance on purchased goods and services, which accounted for the entirety of their Scope 3 emissions in 2016, and a significant portion in subsequent years. This underscores the importance of addressing upstream emissions in their sustainability strategy. Overall, while Par Pacific Holdings has made strides in emissions reporting, their lack of defined reduction targets suggests an opportunity for further commitment to climate action and sustainability initiatives.
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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 committed to any reduction initiatives 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.
