PARCO
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 26 is higher than 67% 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 2023, PARCO reported total carbon emissions of approximately 813,800,000 kg CO2e, comprising about 663,200,000 kg CO2e from Scope 1 and about 150,600,000 kg CO2e from Scope 2 emissions. This marked a decrease from 2022, where emissions were approximately 895,800,000 kg CO2e, with Scope 1 emissions at about 730,800,000 kg CO2e and Scope 2 at about 165,000,000 kg CO2e. In 2021, PARCO's emissions were approximately 762,100,000 kg CO2e, with Scope 1 emissions at about 630,400,000 kg CO2e and Scope 2 at about 131,700,000 kg CO2e. The trend shows a reduction in emissions from 2021 to 2023, indicating a commitment to improving their carbon footprint. Despite these reductions, PARCO has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The company continues to focus on its operational emissions, particularly in the petroleum sector, where it has reported GHG intensity ratios for its Scope 1 emissions. Overall, PARCO's emissions data reflects a significant commitment to addressing climate change, although further transparency regarding specific reduction targets would enhance their sustainability profile.
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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 | - | - | - | - |
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.
PARCO 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.
