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OCI NV
OCI's GHG Emissions Data Preview
In 2023, OCI 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).
OCI has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 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.  b | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | 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.  b | 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.  | 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.  b | 0000000 |
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aVerified Sources Behind OCI’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore OCI’s data sources below and access millions more through our Disclosure Search.
Insights into OCI's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions ofOCI amounted to13,013,558metric 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 OCIdecreased by 2.1%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
OCI's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are OCI's Scope 1 emissions?
In 2023, the total Scope 1 emissions of OCI were 12,669,281 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has OCI reduced its Scope 1 emissions over time?
Since 2019, OCI's Scope 1 emissions have decreased by 10.34%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2022), OCI's Scope 1 emissions decreased by 1.08%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are OCI's Scope 2 emissions?
In 2023, OCI reported Scope 2 greenhouse gas (GHG) emissions of 344,277 tCOâ‚‚e without specifying the calculation method.a
Has OCI reduced its Scope 2 emissions over time?
Since 2019, OCI's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have decreased by 45.35%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2022), OCI's Scope 2 emissions(Unspecified Calculation Method) fell by 28.99% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does OCI use for Scope 2 reporting?
In 2023, OCI reported its Scope 2 emissions using an unspecified methodology.a
OCI's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into OCI's Value Chain Emissions
In 2023, OCI reported 29,730,364 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2023 disclosure of OCI includes a breakdown across 11of the 15 Scope 3 categories defined by the GHG Protocol,up from 1 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
OCI's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are OCI's Scope 3 emissions?
In 2023, OCI reported total Scope 3 emissions of 29,730,364 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 29.66%of these emissions originated from upstream activities such as purchased goods and capital goods, while 70.34%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has OCI reduced its Scope 3 emissions over time?
Since 2019, OCI's Scope 3 emissionshave remained relatively stable, indicating that OCI's emissions have plateaued with no significant change in its value chain footprint.a
Compared to the previous year (2022), OCI's Scope 3 emissions remained relatively stable, indicating that OCI's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does OCI disclose?
In 2023, OCI reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of OCI's Scope 3 emissions?
In 2023, the largest contributors to OCI's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 19,683,991 tCOâ‚‚e(66.21%)
- Purchased Goods and Services (Cat. 1): 5,295,425 tCOâ‚‚e(17.81%)
- Fuel- and Energy-Related Services (Cat. 3): 1,904,604 tCOâ‚‚e(6.41%)
OCI's Scope 3 Emissions by Categories
Insights into OCI’s GHG Emissions Intensity Compared to Industry Peers
In 2023, OCI reported Scope 1 greenhouse gas (GHG) emissions of 12,669,281 tCOâ‚‚e and total revenues of USD 947 millions. This translates into an emissions intensity of 13,382.57 tCOâ‚‚e per millions USD.a
OCI's Scope 1 Emissions Intensity Compared to Peers
How does OCI's GHG emissions intensity compare to its peers?
In 2023, OCI reported a Scope 1 emissions intensity of 13,382.57 tCOâ‚‚e per millions USD. Compared to the peer group median of 41.68, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does OCI rank on GHG emissions intensity within its industry?
In 2023, OCI ranked 24 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places OCI among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into OCI's Total Carbon Footprint
In 2023, OCI reported a total carbon footprint of 42,743,922 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.58% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to OCI's total carbon footprint was Scope 3 emissions, accounting for 69.55% of the company's total carbon footprint, followed by Scope 1 emissions at 29.64%.a