Thai Oil Sustainability Profile
Thai Oil Public Company Limited, commonly referred to as Thai Oil, is a leading player in the energy sector, headquartered in Thailand. Established in 1961, the company has grown to become a significant force in refining and petrochemical production, primarily serving the Southeast Asian market. Thai Oil operates a state-of-the-art refinery in Sriracha, Chonburi, which is one of the largest in the region. The company’s core offerings include high-quality petroleum products, lubricants, and petrochemical derivatives, distinguished by their commitment to sustainability and innovation. With a strong market position, Thai Oil has achieved numerous accolades for its operational excellence and environmental initiatives, solidifying its reputation as a responsible industry leader. The company continues to focus on enhancing its product portfolio while contributing to Thailand's energy security and economic development.
DitchCarbon Score
How does Thai Oil'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 Petroleum Coke 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
Thai Oil's score of 20 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Thai Oil's reported carbon emissions
In 2024, Thai Oil reported total carbon emissions of approximately 28,985,000 kg CO2e for Scope 1 and about 30,753,000 kg CO2e for Scope 2. This reflects a significant increase in emissions compared to 2023, where Scope 1 emissions were approximately 3,380,000,000 kg CO2e and Scope 2 emissions were about 8,244,000 kg CO2e. The company has not disclosed any Scope 3 emissions data. Thai Oil has set ambitious climate commitments, aiming to reduce greenhouse gas emissions by 15% from a base year of 2026 by 2035. This initiative is part of their strategy to achieve carbon neutrality by 2050 and net zero greenhouse gas emissions by 2060. The implementation of their Net Zero GHG Emissions Strategy is expected to play a crucial role in meeting these targets. Overall, Thai Oil's emissions data and climate commitments highlight their ongoing efforts to address climate change while navigating the complexities of the oil and gas industry.
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Access structured emissions data, company-specific emission factors, and source documents
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,650,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - | - | - | 0,000,000 | 00,000,000 |
| Scope 3 | 2,278,000,000,000 | 00,000,000,000 | 00,000,000,000 | - | - | - | - | - | - |
How Carbon Intensive is Thai Oil's Industry?
How Carbon Intensive is Thai Oil's Location?
Thai Oil's Scope 3 Categories Breakdown
Thai Oil's Scope 3 emissions, which increased by 25% last year and decreased by approximately 99% since 2016, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Thai Oil'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.
Thai Oil 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.
