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 34 is higher than 69% 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 total carbon emissions of approximately 39,765,530,000 kg CO2e for Scope 1, 261,044,000 kg CO2e for Scope 2 (market-based), and about 51,411,449,000 kg CO2e for Scope 3 emissions. This reflects a significant commitment to transparency in their emissions reporting, covering all three scopes. The company has set ambitious reduction targets, aiming for a more than 30% reduction in Scope 1 and 2 emissions compared to a 2019 baseline by 2030. This initiative focuses on energy use optimisation and the implementation of innovative greenhouse gas (GHG) emission reduction technologies in refining activities. Additionally, Hellenic Petroleum previously aimed for a 25% reduction in CO2 emissions per tonne of crude oil index by 2020, compared to 2014 levels. 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 about 54,748,608,000 kg CO2e for Scope 3. The data indicates a consistent approach to managing and reducing emissions across their operations. Hellenic Petroleum's emissions data is sourced from HELLENiQ ENERGY Holdings S.A., ensuring a comprehensive view of their environmental impact. The company continues to engage in initiatives aimed at reducing their carbon footprint, aligning with industry standards and climate commitments.
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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.
