Vitol Holding II S.A. Sustainability Profile
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 33 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Vitol Holding II S.A.'s reported carbon emissions
In 2023, Vitol Holding II S.A., headquartered in Luxembourg (LU), 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, the company recorded total emissions of 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, reflecting the challenges in reducing carbon footprints in the energy sector. Vitol has not disclosed any specific reduction targets or initiatives, nor does it appear to have cascaded data from a parent company. The absence of Science-Based Targets Initiative (SBTi) commitments suggests that the company may need to enhance its climate strategy to align with industry standards for emissions reduction. Overall, while Vitol Holding II S.A. has made strides in emissions reporting, the lack of defined reduction targets highlights an area for potential improvement in its climate commitments.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 Holding II S.A.'s Industry?
How Carbon Intensive is Vitol Holding II S.A.'s Location?
Vitol Holding II S.A.'s Scope 3 Categories Breakdown
Vitol Holding II S.A.'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 Holding II S.A.'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 Holding II S.A. 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.
