Hindustan Petroleum

Hindustan Petroleum's reported carbon emissions

Hindustan Petroleum (HPCL), an Indian company operating in the crude petroleum and related services sector, is actively working towards reducing its carbon emissions. For the reporting year 2024, HPCL reported substantial emissions. Its Scope 1 emissions were approximately 4.72 billion kg CO2e, and Scope 2 emissions amounted to about 1.06 billion kg CO2e. Scope 3 emissions were significantly lower, reported at approximately 137,374 kg CO2e, with specific contributions from categories such as the use of sold products (about 135,056 kg CO2e), downstream transportation and distribution (approximately 1,265 kg CO2e), and upstream transportation and distribution (around 826 kg CO2e). In the previous year, 2023, HPCL's Scope 1 emissions were approximately 4.30 billion kg CO2e, and Scope 2 emissions were about 776.5 million kg CO2e. Earlier data shows that in 2022, Scope 1 emissions were around 3.34 billion kg CO2e, Scope 2 emissions were approximately 637 million kg CO2e, and Scope 3 emissions totalled around 2.92 billion kg CO2e, with the use of sold products being a major contributor at approximately 14.50 billion kg CO2e. HPCL has set a significant climate commitment: to achieve Net Zero emissions for Scope 1 and Scope 2 by 2040. This long-term target underscores their dedication to decarbonisation efforts. The company's sustainability reports provide further details on emission intensities, with figures such as 259 tonnes CO2e per tonne for Scope 1 & 2 emissions intensity in 2024, and 266 tonnes CO2e per tonne in 2023, reported in the context of their industry. While HPCL operates as a current subsidiary, its climate initiatives and performance data are primarily reported under its own name, "Hindustan Petroleum Corporation Limited". There are no cascaded emissions data mentioned from a parent organisation in the provided information.