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 42 is higher than 97% 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 continued commitment to transparency in their carbon footprint across all scopes of emissions. The company has set ambitious targets to reduce its carbon emissions. By 2025, Hellenic Petroleum aims to decrease its carbon footprint by at least 500,000 tonnes through the development of a renewable energy portfolio with an installed capacity of about 300 MW, which will offset a significant portion of emissions from refinery and natural gas power generation activities. Furthermore, they are targeting a reduction of more than 30% in Scope 1 and 2 emissions by 2030, achieved through energy optimisation and innovative GHG reduction technologies in refining processes. Long-term, Hellenic Petroleum has committed to becoming carbon-neutral by 2050, aligning with global climate goals. This commitment encompasses all scopes of emissions, demonstrating a comprehensive approach to tackling climate change. The company has previously achieved a 25% reduction in CO2 emissions per tonne of crude oil index compared to 2014 levels, showcasing their ongoing efforts in emission intensity reduction. Overall, Hellenic Petroleum's climate commitments reflect a proactive stance in addressing carbon emissions, with clear targets and strategies aimed at significant reductions in the near and long term.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 298,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 303,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 860,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | - | 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.
