- Market competitiveness risk due to increasing competition, technological advancements, and changing consumer preferences.
- Macroeconomic volatility risk, particularly volatility in global crude oil prices.
- Currency exchange risk due to international trade and foreign exchange borrowing.
- Environmental risks such as air and water pollution and climate change impacts.
- Human resource risks related to attracting and retaining talent, skill gaps, and succession planning.
- Cybersecurity risk of information security breaches.
Indian Oil Corporation Limited
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, Indian Oil Corporation Limited disclosed greenhouse gas emissions of 22.76 MMTCO2e. 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
22.76 MMTCO2e
2023-04 to 2024-03
Renewable Energy
247 MW (as of March 31, 2024)
of total energy
Water Usage
149.59 Billion Litres
2023-04 to 2024-03
Waste
196.4K tons
2023-04 to 2024-03
Energy Use
19.62 Trillion BTU
2023-04 to 2024-03
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-04 to 2024-03 | 22.76 MMTCO2e |
| 2022-04 to 2023-03 | 20.84 MMTCO2e/year (Scope 1 & 2) |
| 2021-22 | 21.54 Million Metric tonnes of CO2 equivalent (Scope 1 & 2) + 258 Million Metric tonnes of CO2 equivalent (Scope 3) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved highest ever capacity utilization of 104.5% in 2023-24, exceeding the previous best of 103.8% in 2018-19.
- Implemented 187 energy saving schemes with a benefit ~3,59,896 SRFT, or 1.15 MMT of equivalent CO2 emissions reduction in 2023-24.
- Achieved Net-Zero operational emissions by 2046 target.
- Total water savings of about 54 MLD in the last five years.
- Introduced CYCLOPLAST brand for polymer recyclates, supporting a circular economy and reducing carbon footprint.
- Launched SERVO PET360 in a 1-Litre pack, utilising recycled plastic.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase Petrochemical Intensity Index from 6.1% to 15% by 2030.
📅 Medium-term
- Achieve 31 GW of renewable energy capacity by 2030.
- Increase upstream integration ratio to 10% by 2030.
- 50% of hydrogen consumption to be green by 2030.
🌱 ESG Focus Areas
Climate change adaptation, resilience, and transitionHealth and safetyEmployment practicesProduct stewardshipCommunity development