Indian Oil Corporation Ltd
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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind Indian Oil’s Greenhouse Gas (GHG) Emissions Data
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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). a
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. a
Indian Oil's Scope 1 Emissions Over Time
- 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 CO₂ equivalent (tCO₂e). a
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. a b
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. a
What are Indian Oil's Scope 2 emissions?
In 2024, Indian Oil reported Scope 2 greenhouse gas (GHG) emissions of 760,000 tCO₂e using the location-based method. a
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 a
What methodology does Indian Oil use for Scope 2 reporting?
In 2024, Indian Oil reported its Scope 2 emissions using the location-based method. a
Indian Oil's Scope 2 Emissions Over Time
- 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 CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
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 a
Indian Oil's Scope 3 Emissions Over Time
- 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 CO₂ equivalent (tCO₂e). a
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. a
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. a b
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. a
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. a
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: a
- Use of Sold Products (Cat. 11): 324,810,000 tCO₂e (92.51%)
- Upstream Transportation and Distribution (Cat. 4): 23,560,000 tCO₂e (6.71%)
- Downstream Transportation and Distribution (Cat. 9): 2,550,000 tCO₂e (0.73%)
Indian Oil's Scope 3 Emissions by Categories
Insights into Indian Oil’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Indian Oil reported Scope 1 greenhouse gas (GHG) emissions of 22,000,000 tCO₂e and total revenues of USD 92,675 millions. This translates into an emissions intensity of 237.39 tCO₂e per millions USD. a
Indian Oil's Scope 1 Emissions Intensity Compared to Peers
How does Indian Oil's GHG emissions intensity compare to its peers?
In 2024, Indian Oil reported a Scope 1 emissions intensity of 237.39 tCO₂e per millions USD. Compared to the peer group median of 180.99, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Indian Oil rank on GHG emissions intensity within its industry?
In 2024, Indian Oil ranked 11 out of 18 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Indian Oil is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Indian Oil's Total Carbon Footprint
In 2024, Indian Oil reported a total carbon footprint of 373,850,000 metric tons of CO₂ equivalent (tCO₂e) 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. a
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%. a