- Prolonged economic stagnation resulting from fluctuations in financial markets and consumer goods prices.
- Geopolitical conflicts in different regions worldwide.
- Demographic shifts towards an aging society.
- Achieving Thailand's goal of becoming a net zero greenhouse gas emissions nation by 2065.
- Transition towards clean energy usage.
- Intensive actions of climate change, including the establishment of Carbon Neutrality and Net Zero targets.
- Air quality management, such as control of Volatile Organic Compounds (VOCs) emissions.
- Compliance with environmental regulations.
- Circular economy.
- Preparation for drought situations.
Thai Oil Public Company Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Thai Oil Public Company Limited disclosed greenhouse gas emissions of 3.38 million tons of CO2 equivalent. By scope: Scope 1: 3.38 million tons of CO2 equivalent; Scope 2: 8.2K tons of CO2 equivalent; Scope 3: 931.3K tons of CO2 equivalent. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
3.38 million tons of CO2 equivalent
2023
Water Usage
23.9 million m3
2023
Waste
14.3K tons
2023
Energy Use
49.76 million GJ
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 3.38 million tons of CO2 equivalent |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 8.2K tons of CO2 equivalent |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 931.3K tons of CO2 equivalent |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Total Greenhouse gas emissions reduced by 28,003 tons of carbon dioxide equivalent through energy efficiency improvement projects.
- Zero industrial waste disposal to landfills.
- Reduced dependence on external fresh water resource by 37% replaced with desalination
- No freshwater withdrawal for consumption from water-stressed areas.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions by 15% by 2035 from the base year in 2026
📅 Medium-term
- Achieve Carbon Neutrality by 2050
- Elevate the Company’s innovation maturity assessment from level 3 to level 4 (out of 5 levels) by 2026
🔭 Long-term
- Net Zero GHG Emissions by 2060
🌱 ESG Focus Areas
Enhance Clean EnvironmentEngage SocietyEnsure Good Governance