PARCO Sustainability Profile
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.
DitchCarbon Score
How does PARCO'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 Refinery Gas 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
PARCO's score of 32 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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PARCO's reported carbon emissions
In 2024, PARCO reported total carbon emissions of approximately 2,500,000 kg CO2e, with no specific breakdown into Scope 1, 2, or 3 emissions available for this year. For the previous year, 2023, PARCO's global emissions included about 663,200,000 kg CO2e from Scope 1 and approximately 150,600,000 kg CO2e from Scope 2. This indicates a slight decrease in emissions from 2022, where Scope 1 emissions were about 730,800,000 kg CO2e and Scope 2 emissions were around 165,000,000 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, and all figures are derived directly from PARCO's reporting.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 404,900,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 90,200,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is PARCO's Industry?
How Carbon Intensive is PARCO's Location?
PARCO'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.
PARCO 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.
