Vitol
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 32 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Vitol's reported carbon emissions
In 2023, Vitol reported total carbon emissions of approximately 30,700,000,000 kg CO2e, with Scope 1 emissions accounting for about 1,800,000,000 kg CO2e. The company has disclosed emissions across Scope 1 and Scope 3, with significant contributions from investments (2,600,000,000 kg CO2e), capital goods (3,000,000,000 kg CO2e), and end-of-life treatment of sold products (10,100,000,000 kg CO2e). In previous years, Vitol's emissions were as follows: in 2022, total emissions were about 28,200,000,000 kg CO2e; in 2021, they reached approximately 26,100,000,000 kg CO2e; and in 2020, emissions were around 25,400 kg CO2e. Notably, the company has not set specific reduction targets or climate pledges, indicating a lack of formalised commitments to reduce emissions at this time. Vitol's emissions data reflects its operations in the global energy sector, where it is crucial to address carbon footprints and implement sustainable practices. The absence of documented reduction initiatives suggests an opportunity for the company to enhance its climate strategy and align with industry standards for emissions reduction.
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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 | 16,900 | 00,000,000,000 | 00,000 | 00,000,000,000 |
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.
Vitol 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.
