Indian Oil Corporation Ltd

Common Name
Indian Oil
Country
India
Sector
Energy
Industry
Oil & Gas Refining & Marketing
Employees
30,321
Ticker
IOC
Exchange
NATIONAL STOCK EXCHANGE OF INDIA
Description
Indian Oil Corporation Limited is a prominent state-owned energy company in India, specializing in the refining and marketing of petroleum products. As one of the country's largest commercial enterpri...

Indian Oil's GHG Emissions Data Preview

In 2024, Indian Oil completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Indian Oil has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Indian Oil's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Indian Oil amounted to 22,760,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Indian Oil increased by 9.21%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Indian Oil's Scope 1 Emissions Over Time

202120222023202405.5 M11 M16.5 M22 MtCO2e+3%-3%+9%
  • Total Scope 1
  • Year-over-Year Change

What are Indian Oil's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Indian Oil were 22,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Indian Oil reduced its Scope 1 emissions over time?

Since 2021, Indian Oil's Scope 1 emissions have increased by 8.86%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2023), Indian Oil's Scope 1 emissions increased by 8.86%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Indian Oil's Scope 2 emissions?

In 2024, Indian Oil reported Scope 2 greenhouse gas (GHG) emissions of 760,000 tCOâ‚‚e using the location-based method.

Has Indian Oil reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Indian Oil's Scope 2 emissions (Location-Based) rose by 20.63% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does Indian Oil use for Scope 2 reporting?

In 2024, Indian Oil reported its Scope 2 emissions using the location-based method.

Indian Oil's Scope 2 Emissions Over Time

20212022202320240200 k400 k600 k800 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Indian Oil's Value Chain Emissions

In 2024, Indian Oil reported 351,090,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2024 disclosure of Indian Oil includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, up from 5 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Indian Oil's Scope 3 Emissions Over Time

2021202220232024090 M180 M270 M360 MtCO2e+7%+16%+17%
  • Total Scope 3
  • Year-over-Year Change

What are Indian Oil's Scope 3 emissions?

In 2024, Indian Oil reported total Scope 3 emissions of 351,090,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 7.49% of these emissions originated from upstream activities such as purchased goods and capital goods, while 92.51% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Indian Oil reduced its Scope 3 emissions over time?

Since 2021, Indian Oil's Scope 3 emissions have increased by 45.15%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2023), Indian Oil's Scope 3 emissions increased by 17.06%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Indian Oil disclose?

In 2024, Indian Oil reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Indian Oil's Scope 3 emissions?

In 2024, the largest contributors to Indian Oil's Scope 3 emissions were:

  • Use of Sold Products (Cat. 11): 324,810,000 tCOâ‚‚e (92.51%)
  • Upstream Transportation and Distribution (Cat. 4): 23,560,000 tCOâ‚‚e (6.71%)
  • Downstream Transportation and Distribution (Cat. 9): 2,550,000 tCOâ‚‚e (0.73%)

Indian Oil's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(6.7%)Use of Sold Products(Cat. 11)(92.5%)

Insights into Indian Oil's Total Carbon Footprint

In 2024, Indian Oil reported a total carbon footprint of 373,850,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.55% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Indian Oil's total carbon footprint was Scope 3 emissions, accounting for 93.91% of the company's total carbon footprint, followed by Scope 1 emissions at 5.88%.

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