SOCAR, or the State Oil Company of Azerbaijan Republic, is a prominent player in the chemicals nec industry, headquartered in Baku, Azerbaijan (AZ). Founded in 1992, SOCAR has established itself as a key contributor to the region's economy, with significant operations across Europe and Asia.
The company focuses on a diverse range of chemical products, including petrochemicals and polymers, which are distinguished by their high quality and innovative applications. SOCAR's commitment to sustainability and technological advancement has positioned it as a leader in the market, achieving notable milestones in production capacity and environmental initiatives.
With a robust portfolio and a strategic vision, SOCAR continues to enhance its market presence, driving growth and development in the chemical sector while contributing to Azerbaijan's economic landscape.
-27 vs industry average
SOCAR’s score of 2 is lower than 3% 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
Chemicals is among the most carbon-intensive industries
Industry performance
The Chemicals industry has reduced its overall emissions by 6% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
SOCAR's reported carbon emissions
SOCAR, headquartered in AZ and operating within the chemicals sector, reported a total of approximately 9.62 billion kg CO2e emissions for 2023. This figure encompasses Scope 1 and Scope 2 emissions, amounting to approximately 7.11 billion kg CO2e and 1.25 billion kg CO2e respectively. In 2022, SOCAR's total reported emissions were approximately 8.99 billion kg CO2e, comprising Scope 1 emissions of around 6.71 billion kg CO2e and Scope 2 emissions of approximately 1.14 billion kg CO2e. The preceding year, 2021, saw total emissions of approximately 8.27 billion kg CO2e, with Scope 1 at roughly 6.81 billion kg CO2e and Scope 2 at about 727.4 million kg CO2e. For 2020, total emissions were approximately 4.32 billion kg CO2e, made up of 3.80 billion kg CO2e in Scope 1 and 518.1 million kg CO2e in Scope 2. SOCAR has not disclosed Scope 3 emissions for the reported years, indicating that data for categories such as purchased goods and services is missing. The organisation has not provided specific reduction targets or joined initiatives like the Science Based Targets initiative (SBTi) or the Climate Pledge.
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SOCAR’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for SOCAR yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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SOCAR
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