Hellenic Petroleum Sustainability Profile
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 42 is higher than 76% 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 55.6 billion kg CO2e, comprising 3.98 billion kg CO2e from Scope 1, 261 million kg CO2e from Scope 2, and about 51.4 billion kg CO2e from Scope 3 emissions. This marks a slight decrease from 2023, where total emissions were approximately 58.9 billion kg CO2e, with Scope 1 emissions at 3.84 billion kg CO2e and Scope 3 emissions at about 54.7 billion kg CO2e. Hellenic Petroleum has set ambitious climate commitments, aiming to reduce Scope 1 and 2 emissions by more than 30% by 2030, compared to a 2019 baseline. This initiative focuses on energy use optimisation and the implementation of innovative GHG emission reduction technologies in refining activities. Additionally, the company has pledged to achieve carbon neutrality across all scopes by 2050, reflecting its commitment to addressing climate change. The emissions data is sourced from HELLENiQ ENERGY Holdings S.A., with no cascaded data from other corporate entities. Hellenic Petroleum's proactive approach to emissions reduction and climate commitments positions it as a significant player in the energy sector's transition towards sustainability.
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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 |
How Carbon Intensive is Hellenic Petroleum's Industry?
How Carbon Intensive is Hellenic Petroleum's Location?
Hellenic Petroleum's Scope 3 Categories Breakdown
Hellenic Petroleum's Scope 3 emissions, which decreased by 6% last year and decreased by approximately 6% since 2023, 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 "Use of Sold Products" being the largest emissions source at 79% of Scope 3 emissions.
Top Scope 3 Categories
Hellenic Petroleum'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.
Hellenic Petroleum 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.
