Lukoil Sustainability Profile
Lukoil, officially known as Lukoil Oil Company, is a prominent player in the global energy sector, headquartered in Russia. Founded in 1991, the company has rapidly evolved into one of the largest oil and gas producers in the world, with significant operations across Europe, the Middle East, and Africa. Lukoil's core business areas encompass exploration, production, refining, and distribution of oil and gas, alongside petrochemical manufacturing. The company is renowned for its commitment to innovation and sustainability, offering high-quality fuels and lubricants that meet stringent environmental standards. With a strong market position, Lukoil has achieved notable milestones, including extensive investments in technology and infrastructure, solidifying its reputation as a leader in the energy industry.
DitchCarbon Score
How does Lukoil'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 Petroleum Electricity 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
Lukoil's score of 28 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lukoil's reported carbon emissions
In 2023, Lukoil reported total carbon emissions of approximately 36,898,000,000 kg CO2e for Scope 1 and about 4,921,000,000 kg CO2e for Scope 2, resulting in combined emissions of around 41,818,000,000 kg CO2e. This marks a decrease from 2022, where emissions were approximately 41,202,000,000 kg CO2e for Scope 1 and about 5,685,000,000 kg CO2e for Scope 2, totalling around 46,887,000,000 kg CO2e. Lukoil has set a target to reduce its controlled greenhouse gas emissions (Scope 1 and Scope 2) by 20% compared to 2017 levels, aiming for this reduction by 2024. This commitment reflects the company's strategy to enhance its sustainability practices and align with global climate goals. The company has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. Overall, Lukoil's emissions data and reduction initiatives demonstrate a commitment to addressing climate change while navigating the complexities of the fossil fuel industry.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 31,280,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | 00,000,000,000 | 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 3 | - | - | - | - | - | - | - | - |
How Carbon Intensive is Lukoil's Industry?
How Carbon Intensive is Lukoil's Location?
Lukoil'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.
Lukoil 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.
