In 2023, International Petroleum 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).
International Petroleum has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 865,305a | 796,081a | 730,512a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 122,524a | 119,343a | 127,077a | |
Total Scope 3 | 18,934a | 28,193a | 14,867a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1,013.3492a | 641.063a | 1,024.801a |
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In 2023, the total operational greenhouse gas (GHG) emissions of International Petroleum amounted to 987,829 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 2022, the total operational greenhouse gas (GHG) emissions of International Petroleum increased by 7.91%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of International Petroleum were 865,305 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, International Petroleum's Scope 1 emissions have increased by 27.53%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2022), International Petroleum's Scope 1 emissions increased by 8.7%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2023, International Petroleum reported Scope 2 greenhouse gas (GHG) emissions of 122,524 tCO₂e without specifying the calculation method.a
Since 2020, International Petroleum's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 16.74%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2022), International Petroleum's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that International Petroleum's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2023, International Petroleum reported its Scope 2 emissions using an unspecified methodology.a
In 2023, International Petroleum reported 18,934 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 2023 disclosure of International Petroleum includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2023, International Petroleum reported total Scope 3 emissions of 18,934 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, International Petroleum's Scope 3 emissionshave remained relatively stable, indicating that International Petroleum's emissions have plateaued with no significant change in its value chain footprint.a
Compared to the previous year (2022), International Petroleum's Scope 3 emissions decreased by 32.84%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2023, International Petroleum reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2023, the largest contributors to International Petroleum's Scope 3 emissions were:a
In 2023, International Petroleum reported Scope 1 greenhouse gas (GHG) emissions of 865,305 tCO₂e and total revenues of USD 854 millions. This translates into an emissions intensity of 1,013.35 tCO₂e per millions USD.a
In 2023, International Petroleum reported a Scope 1 emissions intensity of 1,013.35 tCO₂e per millions USD. Compared to the peer group median of 398.23, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, International Petroleum ranked 20 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places International Petroleum among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2023, International Petroleum reported a total carbon footprint of 1,006,763 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.69% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to International Petroleum's total carbon footprint was Scope 1 emissions, accounting for 85.95% of the company's total carbon footprint, followed by Scope 2 emissions at 12.17%.a