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 Net Zero 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.
Bharat Petroleum (BPCL) has set a net-zero target and plans to achieve it by 2040. BPCL has outlined a comprehensive Net Zero roadmap called Trisutri, which centers on Green Hydrogen, Green Power, and Green Innovations. The plan aims to decarbonize their crude refining process through zero-carbon footprint Green Hydrogen production, meet their energy requirements for refineries and marketing locations using Solar and Wind-generated Green Power, and focus on R&D efforts to enhance operational and energy efficiencies through Green Innovations.
BPCL's latest filings mentioned the keywords 'Emissions' and 'Emission' most number of times in relation to 'Net Zero'. The company reported 6,681 thousand tonnes of CO2 emissions under scope 1, 523 thousand tonnes of CO2 emissions under scope 2 and 851 thousand tonnes of CO2 emissions under scope 3 in the FY2021-22. The company has taken steps to reduce emissions and achieve its net-zero targets, including investments in renewable energy and biofuels. BPCL has also implemented waste management practices and responsible water management. The company has disclosed its environmental and social topics, including emissions, waste, and workforce diversity and inclusion, in accordance with GRI Standards and SEBI BRR Framework.
BPCL has also disclosed its sector-specific indicators, such as the total amount invested in renewable energy and the volume of biofuels produced and purchased meeting sustainability criteria. Carbon dioxide, NOx, SOx, and different gases significantly make up emissions from BPCL’s operations. BPCL has set up frameworks to gauge the quantum of emissions and has, additionally, set in place periodic targets to be achieved at all operating locations.
In conclusion, Bharat Petroleum (BPCL) has a comprehensive Net Zero roadmap, Trisutri, focusing on Green Hydrogen, Green Power, and Green Innovations, aiming to achieve its net-zero target by 2040. The company is actively working to reduce emissions through investments in renewable energy and biofuels, waste management practices, and responsible water management, while also disclosing environmental and social topics in accordance with GRI Standards and SEBI BRR Framework.