Hellenic Petroleum
Hellenic Petroleum S.A., commonly referred to as Hellenic Petroleum, is a leading energy company headquartered in Greece (GR). Established in 1998, the company has grown to become a key player in the oil and gas industry, with significant operations across Southeast Europe and the Mediterranean region. Hellenic Petroleum focuses on refining, distribution, and marketing of petroleum products, alongside renewable energy initiatives. Its core offerings include high-quality fuels, lubricants, and petrochemicals, distinguished by their commitment to sustainability and innovation. With a robust market position, Hellenic Petroleum has achieved notable milestones, including advancements in refining technology and a strong emphasis on environmental responsibility. The company continues to lead the way in energy solutions, adapting to the evolving demands of the industry while maintaining a focus on customer satisfaction and operational excellence.
DitchCarbon Score
How does Hellenic Petroleum'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 Gas/Diesel Oil 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
Hellenic Petroleum's score of 33 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hellenic Petroleum's reported carbon emissions
In 2024, Hellenic Petroleum reported significant carbon emissions, totalling approximately 39,765,530,000 kg CO2e for Scope 1, 261,044,000 kg CO2e for Scope 2 (market-based), and a staggering 51,411,449,000 kg CO2e for Scope 3 emissions. This reflects a comprehensive approach to emissions reporting, covering all three scopes. The company has set ambitious targets to reduce its carbon footprint. Hellenic Petroleum aims to achieve a reduction of more than 30% in Scope 1 and 2 emissions by 2030, compared to a 2019 baseline. This initiative focuses on energy use optimisation and the implementation of innovative greenhouse gas (GHG) emission reduction technologies in refining activities. Additionally, Hellenic Petroleum has committed to becoming carbon-neutral by 2050, addressing climate change impacts across all scopes of emissions. In 2023, the reported emissions were approximately 3,842,567,000 kg CO2e for Scope 1, 336,867,000 kg CO2e for Scope 2 (market-based), and 54,748,608,000 kg CO2e for Scope 3. The data indicates a consistent effort to monitor and manage emissions, with a clear trajectory towards sustainability. Hellenic Petroleum's climate commitments are further supported by its parent company, HELLENiQ ENERGY Holdings S.A., which provides oversight and strategic direction for emissions reduction initiatives. The company's proactive stance on climate action positions it as a key player in the energy sector's transition towards a low-carbon future.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 148,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 860,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | 00,000,000,000 | 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.
Hellenic Petroleum 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.
