Hindustan Petroleum Sustainability Profile
Hindustan Petroleum Corporation Limited (HPCL), a prominent player in the Indian oil and gas industry, is headquartered in Mumbai, India. Established in 1974, HPCL has grown to become a key player in refining and marketing petroleum products across the country, with significant operations in various regions including northern and western India. HPCL's core offerings encompass a wide range of products, including fuels, lubricants, and petrochemicals, distinguished by their commitment to quality and innovation. The company operates a state-of-the-art refinery in Mumbai and another in Visakhapatnam, contributing to its robust market position. Notable achievements include recognition for its sustainability initiatives and a strong focus on customer satisfaction, solidifying HPCL's reputation as a trusted name in the energy sector.
DitchCarbon Score
How does Hindustan 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 Crude Oil Extraction 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
Hindustan Petroleum's score of 28 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hindustan Petroleum's reported carbon emissions
In 2024, Hindustan Petroleum Corporation Limited (HPCL) reported total carbon emissions of approximately 4.7 billion kg CO2e, comprising 4.7 billion kg CO2e from Scope 1, about 1.1 billion kg CO2e from Scope 2, and approximately 137,374 kg CO2e from Scope 3 emissions. The Scope 3 emissions include categories such as business travel and the use of sold products. HPCL has set ambitious climate commitments, aiming for Net Zero emissions for both Scope 1 and Scope 2 by 2040. This long-term target reflects the company's dedication to reducing its carbon footprint and aligns with global climate initiatives. In 2023, HPCL's emissions were approximately 4.3 billion kg CO2e for Scope 1, about 776 million kg CO2e for Scope 2, and a significant 129.5 billion kg CO2e for Scope 3. The substantial Scope 3 emissions highlight the importance of addressing indirect emissions in their overall climate strategy. HPCL's emissions data is cascaded from its parent organization, Hindustan Petroleum Corporation Limited, ensuring consistency and reliability in reporting. The company continues to focus on reducing its environmental impact while maintaining operational efficiency in the energy sector.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,582,060,000 | 0,000,000,000 | 00,000,000 | 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 | 940,371,000 | 000,000,000 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | 000,000,000 | - | - | 000,000,000,000 | 000,000,000,000 | 000,000 |
How Carbon Intensive is Hindustan Petroleum's Industry?
How Carbon Intensive is Hindustan Petroleum's Location?
Hindustan Petroleum's Scope 3 Categories Breakdown
Hindustan Petroleum's Scope 3 emissions, which decreased by 100% last year and decreased by approximately 100% since 2016, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Use of Sold Products" being the largest emissions source at 98% of Scope 3 emissions.
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Hindustan 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.
Hindustan Petroleum has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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