- One fatality related to a third-party trucking contractor.
- Increased Total Recordable Injury Rate (TRIR) in non-controlled activities.
- Three prosecutions or enforcement actions by environmental regulatory authorities.
- Unpredictable energy demand patterns impacting the setting of absolute emission reduction targets.
- Data quality and reliability challenges due to the extensive number of data points.
Vitol
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Vitol disclosed greenhouse gas emissions of 30.7 mtCO2e/year. By scope: Scope 1: 1.8 mtCO2e/year; Scope 2: 0.2 mtCO2e/year; Scope 3: 28.8 mtCO2e/year. 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
30.7 mtCO2e/year
2023
Water Usage
12 million m3/year
2023
Waste
602 kt/year
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). | 1.8 mtCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 0.2 mtCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 28.8 mtCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced volume of substances from large spills by 13% compared to the 2019-2022 average.
- Reduced environmental exceedances by 24% compared to 2022.
- Achieved a 38.7% carbon intensity reduction in 2023 vs 2008 IMO baseline for our ocean-going fleet.
- Reduced total waste by 18% compared with 2021.
- Reduced freshwater intensity at Vencer by 12%.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce volume of substances from large spills by 10% by 2025.
- Reduce number of large spills by 10% by 2025.
- Reduce TRIR by 5% by 2025.
- Reduce LTIF by 10% by 2025.
- Reduce Tier 1 process safety events by 10% by 2025.
📅 Medium-term
- Achieve IMO’s 2030 carbon intensity reduction target of -40% by end-2024.
🔭 Long-term
- Net-zero emissions
🌱 ESG Focus Areas
Climate ChangeEnergy TransitionHuman RightsHealth and SafetyGovernanceSupply ChainCommunity Engagement