Imperial Oil Ltd

Common Name
Imperial Oil
Country
Canada
Sector
Energy
Industry
Oil & Gas Integrated
Employees
5,100
Ticker
IMO
Exchange
TORONTO STOCK EXCHANGE
Description
Imperial Oil Limited is a leading integrated energy company based in Canada, with a heritage dating back to 1880. Operating across the entire energy value chain, its primary focus is the exploration, ...

Imperial Oil's Climate Target Data Preview

As of 2023, Imperial Oil has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 intensity-based target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Imperial Oil ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Intensity-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Cubic Meter (m3) of Crude Oil Produced
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2030

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Insights into Imperial Oil's Greenhouse Gas Emissions Pathways

As of 2023, Imperial Oil has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.

Does Imperial Oil have a target to reduce the emissions from its operations?

As of 2023, Imperial Oil has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Imperial Oil's most ambitious operational target is to reduce these emissions by 30% by 2030, compared to a baseline of 0.39 Metric Tonnes of CO2 equivalent (mtCO2e) per Cubic Meter (m3) of Crude Oil Produced in 2016.

As of 2022, Imperial Oil is lagging behind on its operational emissions reduction target, having achieved 8.53% of the planned reduction.

Imperial Oil's Operational (Scope 1+2) Emissions Pathway

20162022203000.10.20.30.4Current (-3%)Target 2030 (-30%)
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