Climate Change Data

Environmental Metrics

ESG Focus Areas

• Alternate Energy & Environment Conservation
• Human Resource
• Community Development
• Environment Sustainability
• Emission Mitigation
• Water and Energy Conservation
• Greening Product Mix
• Circular Economy
• Supply Chain Efficiency
• Climate Change
• Environmental Degradation
• UN Sustainable Development Goals
• Net Zero Transition

Environmental Achievements

• Implementing renewable energy projects (240 MW portfolio)
• Developing Eco-friendly Plastic to Fuel (IndEcoP2F) technology
• Emission mitigation through energy efficiency projects (0.22 MMTCO2e)
• Emission mitigation through renewable energy (0.28 MMTCO2e)
• Emission offset through tree plantation (0.08 MMTCO2e)
• Barauni & Bongaigaon Refineries are Zero Liquid Discharge locations

Social Achievements

• Leading implementation agency for Pradhan Mantri Ujjwala Yojana (PMUY)
• Promoting indigenously produced Compressed Bio Gas (CBG) through SATAT scheme
• Dedicated CSR program for community development
• Promoting inclusive growth by providing employment and training opportunities to weaker sections of the society
• Various safety campaigns and training programs for employees and value chain partners

Governance Achievements

• Strong frameworks for ethical and responsible business conduct
• Rigorous adherence to best HR practices
• Board Committee on Corporate Social Responsibility & Sustainable Development (CSR & SD)

Climate Goals & Targets

Environmental Challenges

• Competition
• Market Risk
• Growing regulatory / investor pressure towards improving ESG performance
• Financial Risks (FOREX movement / borrowing cost)
• Cyber Security Risk
• Human Resource (Attract & retain key talent, and health, safety & well-being of human resource)
• Climate Change
• Environmental Degradation
• Product related Life Cycle Perspective / Assessments (LCA) has not been conducted

Mitigation Strategies

• Various initiatives to mitigate greenhouse gas emissions (energy efficiency, fuel replacement, renewable energy, carbon capture and storage, emission offset)
• Efforts to establish networks and partnerships to ensure responsible usage and safe disposal of polymers
• Waste management practices (recycling, safe disposal)
• Processes in place to avoid/ manage conflict of interests
• Processes for safely reclaiming products for reusing, recycling and disposing at the end of life
• Extended Producer Responsibility (EPR) compliance for lubricants and plastic packaging
• Various safety measures and training programs
• Grievance redressal mechanisms

Supply Chain Management

Supplier Audits: 100% (Dealers, distributors & transporters)

Responsible Procurement

• General Conditions of Contract covering aspects like abolition of child labour and welfare of labours engaged by the Contractors
• Purchase preference to local suppliers, MSEs, Startups
• Compliance with Public Procurement Policy 2012 (PPP-2012) and Purchase Preference linked to Local Content Policy (PP-LC 2020)

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards

Certifications: OHSAS 18001, ISO 9001/8001/2701/14000/14064, BIS, OISD

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

IndianOil remains steadfast in its commitment to contribute towards achieving the goals set under the Sustainable Development Goals

Sustainable Products & Innovation

• Diesel Exhaust Fluid (DEF) ‘Clear Blue’
• Solar cooktop ‘Surya Nutan’
• Eco-friendly Engine Oil ‘Servo Green Mile 5W-30’ & ‘Servo Raftar’
• Biofuels (ethanol and biodiesel)

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change Mitigation
• Managing Environmental Impact
• Product Stewardship
• Health & Safety
• Community Development
• Business Ethics & Accountability
• Compliance & Governance

Environmental Achievements

• 3.80 MMTCO2e operational emissions avoided/offset
• 98% waste diverted away from landfills
• 89% treated wastewater recycled back into operation
• Renewable energy portfolio of 238.70 MW
• Asia’s first 2G Ethanol Plant based on Paddy straw feedstock at Panipat with 3 crore litres per annum capacity
• Commissioned 22 CBG plants, offering Biogas through 46 Indigreen outlets

Social Achievements

• CSR expenditure of `264.03 crore for 57 lakh beneficiaries
• 7,75,868 hours of training provided to employees
• Launched ‘Unbottled’ campaign to convert 100 million PET bottles annually into uniforms
• Parivartan-Prison to Pride campaign positively impacted approximately 4,500 inmates
• Nayi Disha- Smile for Juvenile initiative positively impacted approximately 4,500 juvenile inmates

Governance Achievements

• Zero incident of information security/data breach
• Zero incidents of human rights violation
• Board diversity ratio 1:14

Climate Goals & Targets

Environmental Challenges

• Extreme weather risk
• Current regulation risk
• Market risk
• Reputation risk
• Technology risk

Mitigation Strategies

• Develop alternative supply networks
• Implement location-level disaster management preparedness
• Invest in climate-resilient assets and infrastructure
• Diversify investments in cleaner fuels
• Invest in cleaner fuels and sustainable technologies
• Invest in continuous research and development

Supply Chain Management

Supplier Audits: 100% of new suppliers screened using social and environmental criteria

Responsible Procurement

• General Conditions of Contract include clauses on social/environmental compliance
• Prioritization of procurement from SMEs and local suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Floods
• Cyclones
• Storm surges
• Sea level fluctuations
• Temperature increases
• Water scarcity

Transition Risks

• Regulatory changes
• Market shifts
• Change in consumer behaviour
• Change in government policies

Opportunities

• Growth in renewable energy sectors
• Development of low-carbon technologies and sustainable energy sources

Reporting Standards

Frameworks Used: GRI Universal standards, National Voluntary Guidelines (NVG), UN Sustainable Development Goals (SDGs), Business Responsibility and Sustainability Reporting (BRSR) Guidelines, GRI Oil and Gas Sector Standards (GRI 11), IPICEA, SASB, UNGC, IOGP, API, CDP

Certifications: ISO 14064, ISO 14001, OHSAS 18001 / ISO 45001:2018

Third-party Assurance: Price Waterhouse Chartered Accountants LLP

UN Sustainable Development Goals

• Goal 3: Good Health and Well-being
• Goal 6: Clean Water and Sanitation
• Goal 7: Affordable and Clean Energy
• Goal 8: Decent Work and Economic Growth
• Goal 9: Industry, Innovation, and Infrastructure
• Goal 11: Sustainable Cities and Communities
• Goal 12: Responsible Consumption and Production
• Goal 13: Climate Action
• Goal 17: Partnerships for the Goals

IndianOil's activities contribute to these SDGs through various initiatives

Sustainable Products & Innovation

• IndEcoP2F technology (plastic to fuel)
• Cycloplast (recycled plastic products)
• Servo 4T Green and Servo Tractor Green (re-refined base oils)
• Ethanol blended fuels
• Green hydrogen
• Sustainable Aviation Fuel (SAF)

Awards & Recognition

• 9th PSU IT awards from GovernanceNow
• SKOCH Awards
• SuSE India Innovation Hero Award
• Brand Finance Award
• Readers Digest Most Trusted Brand Award 2022
• CSR Journal Excellence Awards 2022
• FICCI CSR Awards 2022
• National Energy Efficiency Innovation Award
• SCALE Award
• ATD BEST Award 2022
• Best Enterprise Award
• EEF Global Sustainability Award 2022
• FICCI Award 2022-23
• Arogya World Healthy Workplace Award
• Green Champion Award (GreenCo Awards)
• Suraksha Puraskar
• Company of the Year Award

Environmental Metrics

ESG Focus Areas

• Climate change adaptation, resilience, and transition
• Health and safety
• Employment practices
• Product stewardship
• Community development

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.

Social Achievements

• Expanded Intensive TB Elimination Programme to various states, resulting in testing of nearly one lakh individuals and identification of over 14,000 positive cases.
• Assisted over 800 visually impaired individuals with AI-powered Smart Vision Glasses (SVGs) across major cities under Project Drishti.
• Provided a Neonatal Intensive Care Unit (NICU) on Wheels in Narmada district, Gujarat, expected to benefit more than 600 newborns annually.
• Expanded ‘Parivartan - Prison to Pride’ and ‘Nayi Disha - Smile for Juvenile’ programmes, impacting over 6,300 inmates.
• Supported over 200 young sports scholars through the Acers programme, with half the scholarships extended to female athletes.
• Launched ‘4R4U’ Wellness Initiative to address physical, emotional, and mental health challenges faced by employees and their families.

Governance Achievements

• Implemented a comprehensive Code of Conduct for Board Members & Senior Management Personnel.
• Established a robust Vigil Mechanism and a whistle-blower policy.
• Achieved ISO 27001:2013 certification for all data centres.

Climate Goals & Targets

Environmental Challenges

• 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.

Mitigation Strategies

• Enhancing operational efficiency, fostering innovation, maintaining a customer-centric approach, strategic collaborations, technology upgrades.
• Robust operational performance and efficiency, diversified crude oil sources, process innovations, uninterrupted energy supply.
• Continuous monitoring of macroeconomic environment, hedging, cost control measures, low-cost borrowings.
• Full BS-VI compliance, commitment to sustainable development, Net-Zero operational emissions target by 2046, green initiatives.
• Compliance with health and safety regulations, safety protocols, employee development and training programmes, continuous learning.
• Defence in-depth cyber security architecture, strong Data Privacy Policy, ISO 27001:2013 certification.

Supply Chain Management

Responsible Procurement

• 42.64% procurement from MSE vendors
• Competitive tendering
• Thorough assessments

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products
• Green hydrogen
• Biofuels
• Renewables

Reporting Standards

Frameworks Used: International Integrated Reporting Council (IIRC), GRI, UNGC, UNSDGs

Certifications: ISO 14064, ISO 14001, ISO 27001:2013

Third-party Assurance: TUV India Private Limited

UN Sustainable Development Goals

• SDG 3
• SDG 5
• SDG 6
• SDG 7
• SDG 8
• SDG 9
• SDG 12
• SDG 13
• SDG 15
• SDG 16
• SDG 17

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

• CYCLOPLAST
• Unbottled garments
• E20 fuel
• E100 fuel
• IndiGreen CBG
• SERVO PET360

Awards & Recognition

• Bloomberg NEF Global Energy Transition Score (top Indian company)
• S&P Dow Jones Sustainability Indices (top Indian Oil and Gas Company)
• Fortune Global 500 (94th spot)
• BW Top 500 (top spot for three consecutive years)
• Green Ribbon Champion Award
• FICCI Chemicals & Petrochemicals Awards
• CII Total Cost Management Awards
• Brandon Hall Group Gold Award
• Supply Chain and Logistics Excellence (SCALE) Award
• SKOCH-ESG Awards
• India Green Energy Award