Indian Oil
Indian Oil Corporation Limited (IOCL), headquartered in New Delhi, India, is a leading player in the oil and gas industry. Founded in 1959, the company has established itself as a key player in refining, pipeline transportation, and marketing of petroleum products across the country. With a vast network of refineries and a significant presence in major operational regions, Indian Oil is renowned for its commitment to quality and innovation. The company offers a diverse range of products, including fuels, lubricants, and petrochemicals, distinguished by their reliability and performance. Indian Oil's strategic initiatives and investments in sustainable energy solutions have positioned it as a market leader, consistently ranking among the top companies in the Fortune Global 500. With a legacy of excellence and a focus on customer satisfaction, Indian Oil continues to drive growth in the energy sector.
DitchCarbon Score
How does Indian Oil'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
Indian Oil's score of 20 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Indian Oil's reported carbon emissions
In 2024, Indian Oil Corporation Limited (IndianOil) reported significant carbon emissions, totalling approximately 22000000000 kg CO2e for Scope 1, 26270000000 kg CO2e for Scope 2, and a substantial 324810000000 kg CO2e for Scope 3 emissions. This reflects a comprehensive approach to emissions reporting, covering all three scopes. Comparatively, in 2023, IndianOil's emissions were approximately 20210000000 kg CO2e for Scope 1, 22290000000 kg CO2e for Scope 2, and 277000000000 kg CO2e for Scope 3. The data indicates a slight increase in Scope 1 and Scope 2 emissions, while Scope 3 emissions also saw an increase. IndianOil has set ambitious climate commitments, aiming to achieve net-zero operational emissions by 2046 for both Scope 1 and Scope 2 emissions. Additionally, the company has established near-term targets to reduce Scope 1 and Scope 2 emissions intensity by 30% from 2021 levels by 2030. Furthermore, they aim for a 30% reduction in Scope 1 emissions by 2025. These commitments align with India's broader climate goals, including achieving net-zero emissions by 2070. IndianOil's proactive stance on emissions reduction reflects its dedication to sustainability and climate responsibility within the energy sector.
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| 2017 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 385,121,760 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 3 | 265,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
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.
Indian Oil 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.
