GlobalData offers a comprehensive analysis of Bharat Petroleum, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Bharat Petroleum’s ESG performance. GlobalData’s company profile on Bharat Petroleum offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

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Bharat Petroleum, an Indian oil and gas company, has set target for net zero by 2040 to reduce its greenhouse gas (GHG) emissions. Scope 1 emissions refer to direct emissions from owned or controlled sources, scope 2 emissions are indirect emissions from the generation of purchased energy, and scope 3 emissions are indirect emissions from the company's value chain. In FY 2021-22, the company’s GHG emissions reported scope 1 was 6,681.83 (‘000 MTCO2e), scope 2 was 523.50 (‘000 MTCO2e) and scope 3 emissions were 851.43 (‘000 MTCO2e).

Bharat Petroleum has taken several steps to reduce its emissions and achieve its net-zero targets. It has encouraged its dealer network to set up solar plants at retail outlets to reduce power requirements and emissions. The company is also setting up a plant to produce bioethanol from agricultural waste, which will help in reducing emissions. Additionally, it has implemented efficient vapor recovery systems at retail outlets to reduce gasoline emissions. The company has also invested in renewable energy projects, including a solar power plant, to reduce emissions from power generation. However, it has mentioned that its initiatives and investments have resulted in reductions in CO2 emissions, volatile organic compounds (VOCs), and harmful gases such as benzene, toluene, and xylene.

The company has also focused on waste management and recycling. It has implemented systems for the safe disposal and recycling of various types of waste, including plastic waste, spent catalysts, and oil sludge. It has also collaborated with academic institutions to develop technologies for the efficient production of biogas and bio-crude oil from municipal solid and liquid waste.

In conclusion, Bharat Petroleum is committed to reducing its GHG emissions and has set net-zero targets. The company has taken various steps, including investments in renewable energy and the implementation of efficient technologies, to achieve its emission reduction goals. It is also actively managing waste and promoting recycling.

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