Veedol India
Veedol India, a prominent player in the lubricants industry, is headquartered in India and operates extensively across various regions. Founded in 1970, the company has established itself as a trusted name in the production of high-quality automotive and industrial lubricants. Veedol India offers a diverse range of products, including engine oils, gear oils, and specialty lubricants, known for their superior performance and reliability. With a commitment to innovation, Veedol India has achieved significant milestones, including the introduction of advanced formulations that meet international standards. The company is recognised for its strong market position, catering to both domestic and international clients. Veedol India's dedication to quality and customer satisfaction has solidified its reputation as a leader in the lubricants sector, making it a preferred choice for consumers and businesses alike.
DitchCarbon Score
How does Veedol India'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 Other Services 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
Veedol India's score of 16 is lower than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Veedol India's reported carbon emissions
In 2024, Veedol India reported total carbon emissions of approximately 1,328,000 kg CO2e from Scope 2 and 762,000 kg CO2e from Scope 1, resulting in a combined total of about 2,090,000 kg CO2e. The previous year, 2023, the company recorded emissions of approximately 963,000 kg CO2e for Scope 2 and 419,000 kg CO2e for Scope 1, leading to a total of about 1,382,000 kg CO2e. Veedol India has disclosed emissions data for Scope 1 and Scope 2 but has not provided information on Scope 3 emissions. The company has not set specific reduction targets or climate pledges, indicating a potential area for future commitment in line with industry standards for climate action. The emissions intensity for Scope 1 and Scope 2 per rupee of turnover was reported at approximately 0.000000130 for 2024 and 0.000000090 for 2023, reflecting the company's operational efficiency in relation to its revenue. Additionally, the emissions intensity in terms of physical output for lubricating oil was approximately 0.027 KL for 2024 and 0.0181 KL for 2023. Overall, while Veedol India has made strides in tracking its emissions, the absence of reduction targets suggests an opportunity for enhanced climate commitments moving forward.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 419,000 | 000,000 |
| Scope 2 | 963,000 | 0,000,000 |
| 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.
Veedol India is not participating in any of the initiatives that 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.
