Southern Petrochemical Industries Corporation Limited Sustainability Profile
Southern Petrochemical Industries Corporation Limited (SPIC) is a prominent player in the Indian petrochemical industry, headquartered in Chennai, India. Established in 1969, SPIC has made significant strides in the production of fertilisers, petrochemicals, and other chemical products, contributing to the agricultural and industrial sectors across the country. With a strong operational presence in Tamil Nadu and beyond, SPIC is renowned for its high-quality urea and complex fertilisers, which are essential for enhancing agricultural productivity. The company’s commitment to innovation and sustainability has positioned it as a leader in the market, achieving notable milestones in production efficiency and environmental stewardship. SPIC continues to play a vital role in supporting India's agricultural needs while maintaining a focus on sustainable practices and technological advancement.
DitchCarbon Score
How does Southern Petrochemical Industries Corporation Limited'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 Salt and Mineral Mining 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
Southern Petrochemical Industries Corporation Limited's score of 24 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Southern Petrochemical Industries Corporation Limited's reported carbon emissions
In 2024, Southern Petrochemical Industries Corporation Limited (SPIC) reported total carbon emissions of approximately 174,952,000 kg CO2e for Scope 1, 37,659,000 kg CO2e for Scope 2, and 97,228,000 kg CO2e for Scope 3 emissions. This data reflects a comprehensive approach to emissions reporting, covering all three scopes. In 2023, SPIC's emissions were slightly lower, with Scope 1 emissions at about 168,205,000 kg CO2e and Scope 2 emissions at approximately 58,735,000 kg CO2e. Notably, no Scope 3 emissions data was disclosed for that year. In 2022, the company reported significant Scope 3 emissions of around 186,100,000 kg CO2e, indicating a substantial impact from its value chain. Despite these figures, SPIC has not set specific reduction targets or climate pledges, nor does it appear to have cascaded any targets from a parent organisation. The absence of documented reduction initiatives suggests that while the company is actively measuring its emissions, it may need to enhance its climate commitments to align with industry standards and expectations. Overall, SPIC's emissions data highlights the need for ongoing monitoring and potential strategic initiatives to address its carbon footprint effectively.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | - | 000,000,000 | 000,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 |
| Scope 3 | 186,100,000 | - | 00,000,000 |
How Carbon Intensive is Southern Petrochemical Industries Corporation Limited's Industry?
How Carbon Intensive is Southern Petrochemical Industries Corporation Limited's Location?
Southern Petrochemical Industries Corporation Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Southern Petrochemical Industries Corporation Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
