Vitol Holding II S.A.
Vitol Holding II S.A., commonly referred to as Vitol, is a prominent player in the global energy sector, headquartered in Luxembourg (LU). Founded in 1966, the company has established itself as a leading independent energy trader, with significant operations across Europe, Asia, and the Americas. Vitol's core business areas include the trading of crude oil, refined products, and natural gas, alongside a growing portfolio in renewable energy. With a commitment to innovation and sustainability, Vitol offers unique solutions that cater to the evolving energy landscape. The company has achieved notable milestones, including strategic partnerships and investments that enhance its market position. Recognised for its robust supply chain and extensive network, Vitol continues to be a key contributor to the global energy market, driving efficiency and reliability in energy distribution.
DitchCarbon Score
How does Vitol Holding II S.A.'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 Financial Intermediation 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 Holding II S.A.'s score of 16 is lower than 85% 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 Holding II S.A.'s reported carbon emissions
In 2021, Vitol Holding II S.A. reported total carbon emissions of approximately 25,498,000,000 kg CO2e. This figure includes Scope 1 emissions of about 1,015,000,000 kg CO2e, Scope 2 emissions of approximately 16,000,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 24,154,000,000 kg CO2e. Despite the substantial emissions figures, Vitol has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. There are no commitments to the Science Based Targets initiative (SBTi) or other climate pledges currently reported. Vitol's emissions data is not cascaded from any parent organisation, indicating that these figures are solely representative of their own operations. The company operates within a complex industry context, where emissions management and climate commitments are increasingly scrutinised.
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| 2021 | |
|---|---|
| Scope 1 | 1,015,000,000 |
| Scope 2 | 16,000,000 |
| Scope 3 | 24,154,000,000 |
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 Holding II S.A. 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.
