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 15 is higher than 90% 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 4,073,700 kg CO2e, with emissions distributed across various scopes: 30,700 kg CO2e for Scope 1, 4,100 kg CO2e for Scope 2, and about 4,040,000 kg CO2e for Scope 3. This marks a significant reduction from previous years, where total emissions were approximately 24,600,000,000 kg CO2e in 2022, 23,800,000,000 kg CO2e in 2021, and 25,400,000,000 kg CO2e in 2020. Vitol's emissions profile indicates a focus on Scope 3 emissions, which include upstream and downstream activities. In 2022, for instance, upstream transportation and distribution accounted for about 10,000,000,000 kg CO2e, while end-of-life treatment of sold products contributed approximately 4,400,000,000 kg CO2e. Despite these reductions, Vitol has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to navigate the complexities of carbon emissions within the energy sector, aiming to align with industry standards for climate action.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,600,000,000 | 000 | 000 | 00,000 |
| Scope 2 | - | 000 | 000 | 0,000 |
| Scope 3 | 16,900,000,000 | 00,000 | 00,000 | 0,000,000 |
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.
