Vitol Sustainability Profile
Vitol Group, commonly referred to as Vitol, is a leading energy and commodities trading company headquartered in Switzerland (CH). Founded in 1966, Vitol has established a significant presence in key operational regions, including Europe, Asia, and the Americas. The company operates primarily in the oil, gas, and power sectors, providing a diverse range of services that encompass trading, logistics, and supply chain management. Vitol is renowned for its extensive portfolio of core products, including crude oil, refined products, and natural gas, distinguished by its commitment to efficiency and sustainability. With a strong market position, Vitol has achieved notable milestones, such as being one of the largest independent energy traders globally. Its strategic approach and innovative solutions continue to set it apart in the competitive energy landscape.
DitchCarbon Score
How does Vitol'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 Business 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
Vitol's score of 20 is lower than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vitol's reported carbon emissions
In 2023, Vitol, headquartered in Switzerland (CH), reported total carbon emissions of approximately 30.7 million tonnes CO2e. This figure includes 1.8 million tonnes CO2e from Scope 1 emissions and a significant 28.8 million tonnes CO2e from Scope 3 emissions. The Scope 3 emissions breakdown reveals substantial contributions from upstream transportation and distribution (about 8.5 million tonnes CO2e) and end-of-life treatment of sold products (approximately 10.1 million tonnes CO2e). Comparatively, in 2022, Vitol's total emissions were about 28.2 million tonnes CO2e, with Scope 1 emissions remaining constant at 1.8 million tonnes CO2e and Scope 3 emissions at approximately 26.4 million tonnes CO2e. This indicates an increase in total emissions year-on-year, primarily driven by Scope 3 emissions. Vitol has not disclosed specific reduction targets or initiatives as part of its climate commitments. The company is a current subsidiary of Vitol S.A., with emissions data cascaded from this parent organization. The absence of defined reduction targets suggests a need for further clarity on their long-term climate strategy.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,600 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | - |
| Scope 3 | 23,800 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Vitol's Industry?
How Carbon Intensive is Vitol's Location?
Vitol's Scope 3 Categories Breakdown
Vitol's Scope 3 emissions, which increased by 9% last year and increased significantly since 2020, 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 "End-of-Life Treatment of Sold Products" being the largest emissions source at 35% of Scope 3 emissions.
Top Scope 3 Categories
Vitol'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.
Vitol 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.
