S-Oil Corp
S-Oil's GHG Emissions Data Preview
In 2023, S-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).
S-Oil 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 - 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.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 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 S-Oil’s Greenhouse Gas (GHG) Emissions Data
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Insights into S-Oil's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of S-Oil amounted to 9,698,000 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 2022, the total operational greenhouse gas (GHG) emissions of S-Oil decreased by 0.12%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
S-Oil's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are S-Oil's Scope 1 emissions?
In 2023, the total Scope 1 emissions of S-Oil were 7,925,000 metric tons of CO₂ equivalent (tCO₂e). a
Has S-Oil reduced its Scope 1 emissions over time?
Since 2020, S-Oil's Scope 1 emissions have increased by 1.29%, reflecting a rising long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), S-Oil's Scope 1 emissions remained relatively stable, indicating that S-Oil's emissions have plateaued with no significant change in its operational footprint. a
What are S-Oil's Scope 2 emissions?
In 2023, S-Oil reported Scope 2 greenhouse gas (GHG) emissions of 1,773,000 tCO₂e without specifying the calculation method. a
Has S-Oil reduced its Scope 2 emissions over time?
Since 2020, S-Oil's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that S-Oil 's emissions have plateaued with no significant change in its energy consumption footprint. a
Compared to the previous year (2022), S-Oil's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that S-Oil 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does S-Oil use for Scope 2 reporting?
In 2023, S-Oil reported its Scope 2 emissions using an unspecified methodology. a
S-Oil's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into S-Oil's Value Chain Emissions
In 2023, S-Oil reported 31,000 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 2023 disclosure of S-Oil 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
S-Oil's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are S-Oil's Scope 3 emissions?
In 2023, S-Oil reported total Scope 3 emissions of 31,000 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
Has S-Oil reduced its Scope 3 emissions over time?
Since 2020, S-Oil's Scope 3 emissions have remained relatively stable, indicating that S-Oil 's emissions have plateaued with no significant change in its value chain footprint. a
Compared to the previous year (2022), S-Oil's Scope 3 emissions remained relatively stable, indicating that S-Oil 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does S-Oil disclose?
In 2023, S-Oil 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.
What are the main sources of S-Oil's Scope 3 emissions?
In 2023, the largest contributors to S-Oil's Scope 3 emissions were: a
- Downstream Transportation and Distribution (Cat. 9): 31,000 tCO₂e (100%)
S-Oil's Scope 3 Emissions by Categories
Insights into S-Oil’s GHG Emissions Intensity Compared to Industry Peers
In 2023, S-Oil reported Scope 1 greenhouse gas (GHG) emissions of 7,925,000 tCO₂e and total revenues of USD 27,959 millions. This translates into an emissions intensity of 283.45 tCO₂e per millions USD. a
S-Oil's Scope 1 Emissions Intensity Compared to Peers
How does S-Oil's GHG emissions intensity compare to its peers?
In 2023, S-Oil reported a Scope 1 emissions intensity of 283.45 tCO₂e per millions USD. Compared to the peer group median of 222.4, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does S-Oil rank on GHG emissions intensity within its industry?
In 2023, S-Oil ranked 14 out of 19 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
S-Oil is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into S-Oil's Total Carbon Footprint
In 2023, S-Oil reported a total carbon footprint of 9,729,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.14% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to S-Oil's total carbon footprint was Scope 1 emissions, accounting for 81.46% of the company's total carbon footprint, followed by Scope 2 emissions at 18.22%. a