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Hindustan Petroleum
Crude Oil ExtractionIndiaNSE: HINDPETRO.NS
Last verified 6 months agohindustanpetroleum.com
Hindustan Petroleum Corporation Limited (HPCL), a prominent player in the crude petroleum industry, is headquartered in India. Established in 1974, HPCL has grown to become a key provider of services related to crude oil extraction, excluding surveying, with significant operations across various regions in India.
The company is renowned for its refining and marketing of petroleum products, including fuels, lubricants, and petrochemicals. HPCL's commitment to innovation and sustainability sets it apart in the competitive landscape. With a robust market position, it has achieved notable milestones, including the establishment of state-of-the-art refineries and a vast network of retail outlets.
HPCL's dedication to quality and customer satisfaction has solidified its reputation as a trusted name in the industry, making it a vital contributor to India's energy sector.
26
DitchCarbon score
+10 vs industry average
Hindustan Petroleum’s score of 26 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
0.868
20182025
The Crude Oil Extraction industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Hindustan Petroleum's reported carbon emissions
Hindustan Petroleum (HPCL), headquartered in India and operating in crude petroleum and related services, reported Scope 1 emissions of 4,717,522,000 kg CO2e, Scope 2 emissions of 1,059,353,000 kg CO2e, and Scope 3 emissions of 137,374 kg CO2e in 2024.
Looking back, HPCL's Scope 1 emissions were about 4,304,201,000 kg CO2e and Scope 2 emissions were approximately 776,480,000 kg CO2e in 2023. In 2022, the company disclosed Scope 1 emissions of around 3,341,600,000 kg CO2e, Scope 2 emissions of about 637,000,000 kg CO2e, and significant Scope 3 emissions totalling approximately 16,335,000,000 kg CO2e. This Scope 3 data for 2022 included roughly 14,503,000,000 kg CO2e from the use of sold products, 1,375,000,000 kg CO2e from downstream transportation and distribution, 273,000,000 kg CO2e from upstream transportation and distribution, 133,000,000 kg CO2e from fuel and energy-related activities, 15,000,000 kg CO2e from employee commute, and 2,000,000 kg CO2e from business travel.
Hindustan Petroleum is committed to achieving Net Zero emissions for Scope 1 and Scope 2 by 2040. This commitment is outlined in their 2023-24 Sustainability Report and their FY 2024 Annual Report, which also highlights a focus on transitioning towards becoming a multi-energy green Corporation. The emissions data and climate commitments are directly from Hindustan Petroleum Corporation Limited.
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Hindustan Petroleum’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
Inherited from Oil and Natural Gas Corporation LimitedSee details
Not active
RE 100
See details
Not active
Climate Action 100
Inherited from Oil and Natural Gas Corporation LimitedSee details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Hindustan Petroleum6 months ago
26
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