PARCO, or Pak Arab Refinery Company, is a leading player in the oil and gas industry, headquartered in Pakistan (PK). Established in 1974, PARCO has made significant strides in refining and distributing petroleum products across the region, with major operations spanning the southern and central parts of Pakistan.
The company is renowned for its state-of-the-art refinery, which boasts a unique capacity to process a diverse range of crude oils. PARCO's core services include refining, storage, and transportation of petroleum products, positioning it as a vital contributor to the country's energy sector. With a commitment to quality and sustainability, PARCO has achieved notable milestones, including the implementation of advanced technologies that enhance operational efficiency.
As a market leader, PARCO continues to set benchmarks in the industry, recognised for its reliability and innovation in meeting the energy needs of Pakistan.
-1 vs industry average
PARCO’s score of 16 is higher 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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Industry Intensity
Refinery Gas has above-average carbon intensity
Industry performance
The Refinery Gas industry has reduced its overall emissions by 63% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
PARCO's reported carbon emissions
In 2023, PARCO reported total emissions of approximately 813.8 million kg CO2e, comprising 663.2 million kg CO2e from Scope 1 and 150.6 million kg CO2e from Scope 2. This marks a reduction from 2022, where total emissions were approximately 895.8 million kg CO2e, with Scope 1 at 730.8 million kg CO2e and Scope 2 at 165 million kg CO2e. PARCO has set ambitious climate commitments, aiming for net zero emissions in both Scope 1 and Scope 2 by 2030. Additionally, the company targets a 30% reduction in Scope 1 emissions from a 2021 baseline by 2025 and a 25% reduction in Scope 2 emissions over the same period. These initiatives reflect PARCO's commitment to addressing climate change and reducing its carbon footprint in the petroleum sector. The emissions data is not cascaded from any parent organization, indicating that PARCO's reporting is independent. The company continues to focus on sustainability and environmental responsibility as part of its operational strategy.
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PARCO’s Climate Goals (2030 & 2050)
4 goals2025
30% reduction in Scope 1
We aim to achieve a 30% reduction in our Scope 1 emissions from a 2021 baseline by 2025.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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PARCO
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