PIC
PIC, or Petroleum Industries Company, is a leading player in the oil and gas sector, headquartered in Kuwait City, Kuwait. Established in 1960, PIC has made significant strides in the industry, focusing on petrochemicals, refining, and marketing. The company operates extensively across the Middle East and has expanded its reach to international markets. PIC is renowned for its innovative products, including high-quality petrochemical derivatives that cater to various industries. Its commitment to sustainability and technological advancement sets it apart from competitors. With a strong market position, PIC has achieved numerous accolades, reflecting its dedication to excellence and operational efficiency. As a key contributor to Kuwait's economy, PIC continues to shape the future of the petrochemical landscape.
DitchCarbon Score
How does PIC'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 Chemicals 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
PIC's score of 7 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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PIC's reported carbon emissions
Pension Insurance Corporation (PIC), headquartered in KW, has set ambitious climate commitments aimed at reducing carbon emissions associated with its investment portfolio. Although specific emissions data for the most recent year is not available, PIC has established significant reduction targets. PIC aims to decrease the average carbon intensity of its investments in publicly listed corporate credit by 25% from 2019 levels by 2025. Additionally, the corporation is committed to achieving a 50% reduction in the investment portfolio’s average carbon intensity (measured in tonnes CO2/$m revenue) by 2030, also relative to 2019 levels. In terms of historical performance, PIC reported a 20.9% reduction in greenhouse gas intensity compared to a 2012-2013 baseline, specifically within Scope 1 emissions. These initiatives reflect PIC's commitment to sustainability and its proactive approach to addressing climate change through measurable targets.
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.
PIC 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.
