SOCAR
SOCAR, or the State Oil Company of Azerbaijan Republic, is a prominent player in the global energy sector, headquartered in Baku, Azerbaijan (AZ). Established in 1992, SOCAR has rapidly evolved into a key operator in the oil and gas industry, with significant operations across Europe, Asia, and the Caspian region. The company is renowned for its comprehensive portfolio, which includes exploration, production, refining, and distribution of hydrocarbons. SOCAR's unique integration of upstream and downstream activities positions it as a leader in the market, enabling efficient resource management and innovative solutions. With a commitment to sustainability and technological advancement, SOCAR has achieved notable milestones, including the development of major oil fields and the expansion of its refining capacity. As a state-owned enterprise, SOCAR plays a crucial role in Azerbaijan's economy, contributing significantly to the nation's energy security and development.
DitchCarbon Score
How does SOCAR'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
SOCAR's score of 12 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
SOCAR's reported carbon emissions
In 2023, SOCAR reported total carbon emissions of approximately 8,367,450,000 kg CO2e globally, comprising about 7,112,700,000 kg CO2e from Scope 1 and about 1,254,750,000 kg CO2e from Scope 2 emissions. In Turkey, emissions for the same year were approximately 4,887,130,000 kg CO2e, with Scope 1 contributing about 4,377,000,000 kg CO2e and Scope 2 about 510,130,000 kg CO2e. In Georgia, SOCAR's emissions were approximately 82,163,000 kg CO2e, all from Scope 1. In previous years, SOCAR's emissions have shown significant figures, with 2021 emissions reaching approximately 7,537,700,000 kg CO2e globally, and 2022 emissions at about 7,852,900,000 kg CO2e. The company has not publicly committed to specific reduction targets or initiatives, indicating a lack of formalised climate pledges or science-based targets. SOCAR's emissions profile highlights the substantial impact of its operations, particularly in Azerbaijan, where emissions in 2019 were approximately 7,904,300,000 kg CO2e. The company continues to operate within a challenging industry context, where carbon emissions are a critical concern, yet it has not outlined specific strategies for reduction or climate commitments.
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Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 6,810,300,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 727,400,000 | 0,000,000,000 | 0,000,000,000 |
| 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.
SOCAR is not committed to any reduction initiatives 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.
