SOCAR Petroleum, a prominent player in the energy sector, is headquartered in Romania (RO) and operates extensively across Eastern Europe and the Caucasus region. Founded in 2007, the company has rapidly established itself within the oil and gas industry, focusing on exploration, production, and distribution of petroleum products. With a diverse portfolio that includes refined fuels, lubricants, and natural gas, SOCAR Petroleum distinguishes itself through its commitment to quality and sustainability. The company has achieved significant milestones, including expanding its retail network and enhancing its supply chain capabilities, positioning itself as a trusted name in the market. Recognised for its innovative approach and customer-centric services, SOCAR Petroleum continues to strengthen its market position, contributing to the energy landscape while prioritising environmental responsibility.
How does SOCAR Petroleum'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.
Mean score of companies in the 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.
SOCAR Petroleum's score of 14 is lower than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
SOCAR Petroleum, headquartered in Romania (RO), currently does not have publicly available carbon emissions data for the most recent year. As a result, specific figures regarding their Scope 1, 2, or 3 emissions are not provided. In the absence of detailed emissions data, it is important to note that SOCAR Petroleum has not outlined any specific reduction targets or commitments to the Science Based Targets initiative (SBTi) or other climate pledges. This lack of publicly disclosed initiatives may reflect a broader industry context where many companies are increasingly focusing on sustainability and carbon reduction strategies. As the global energy sector faces mounting pressure to address climate change, SOCAR Petroleum's future commitments and actions will be crucial in determining its role in reducing carbon emissions and contributing to a more sustainable energy landscape.
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 Petroleum 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.