Oil India Limited
Climate Impact & Sustainability Data (2020-21, 2023-04 to 2024-03)
Reporting Period: 2020-21
Environmental Metrics
Total Carbon Emissions:1,646,503 tCO2e/year
Scope 1 Emissions:1,509,102 tCO2e/year
Scope 2 Emissions:137,401.21 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:11,47,28,608 kWh/year
Water Consumption:19,64,000 KLS/year
Waste Generated:3,796.39 tonnes of oily sludge and 192.15 KL used/spend oil/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Energy management
- Water management
- Waste management
- Biodiversity
- Climate change
- Employee well-being
- Diversity and inclusion
- Community development
- Corporate governance
- Responsible supply chain
Environmental Achievements
- Conserved 11,47,28,608 kWh equivalent of energy
- Reduced water consumption by almost 30% at Rajasthan field drilling site
- Rainwater harvesting saving approximately 4.38 million litres of rainwater per day
- Successfully completed repair jobs at 23 drilling locations after completion of drilling operations
- Treated 3,894 KL of oily sludge, extracting 472 KL of crude oil
- Recycled and reused 22,785 bbls of mud
- Disposed of 250 industrial batteries (16.175 MT) and 7,430 kgs of e-waste
Social Achievements
- Awarded for ‘Best training and development’ for conducting in-house training for Basic Life Support and First Responder (BLS FR)
- Ranked 2nd in ‘Dream Company to Work for’ by World HRD Congress Awards
- Consistently exceeded prescribed CSR expenditure
- Implemented various COVID-19 relief measures including donation to PM CARES Fund and provision of healthcare supplies
- Implemented competency-based human resource management system, with 365 executives appraised through assessment development centres
Governance Achievements
- Robust governance framework based on ethics, transparency, and accountability
- 30% independent directors on the Board
- Six Board level committees
- Implemented E-tendering system for procurement
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- COVID-19 pandemic impact on operations and workforce
- Volatility of crude oil prices
- Baghjan incident environmental and social consequences
Mitigation Strategies
- Implemented programs to address COVID-19 impact and limit worker exposure
- Donated INR 25 crore to PM CARES Fund
- Provided healthcare facilities and PPE kits
- Extended adequate compensation for Baghjan incident losses and livelihood support
- Strengthened contingency plans for emergency situations
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- C&P Procedure Manual based on fairness, transparency, and equal opportunity
- Use of ERP for procurement activities
- E-tendering system
- GeM portal usage
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI: Core option
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Exploration & Production - Company of the Year and Excellence in Human Resource Management by Federation of Indian Petroleum Industry (FIPI)
- 7th Annual CSR INDIA 2020 Award
- Mahatma Award 2020 for CSR excellence
- Grow Care Safety Award 2020
- Greentech Safety Award 2020
- Best Training & Development program
- Rank—2 in ‘Dream Companies to Work For’ Award
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:14,45,566 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:14,22,793 tCO2e/year
Scope 2 Emissions:26,773 tCO2e/year
Scope 3 Emissions:17,772,900 tCO2e/year
Renewable Energy Share:24.67%
Total Energy Consumption:2,49,08,726.75 GJ/year
Water Consumption:2.73 million cubic meters/year
Waste Generated:6,154.10 tons/year
Carbon Intensity:65.50 Metric tonnes of CO2 equivalent/ INR Crores
ESG Focus Areas
- Environmental Stewardship
- Social Performance
- Governance
Environmental Achievements
- 23% reduction in waste generation in FY 2023-24 compared to the previous year
- 24.67% increase in renewable energy consumption
- Restored 35 well sites in Assam and Rajasthan in FY 2023-24
- Strategic investments in PWRI facilities enabled efficient treatment, reuse & re-injection of formation water
- Achieved record Natural Gas Production of 3.182 BCM
Social Achievements
- Invested INR 122.80 Cr. for CSR initiatives in FY 2023-24
- Launched several initiatives to foster a culture of performance, including the adoption of competency-based HR models, ensuring transparency and objectivity in HR processes, and introducing a rewards and recognition program named Help Our People Excel (HOPE) to encourage outstanding performance
- Numerous programs under CSR initiatives to foster the socioeconomic development of individuals and communities where we operate
- OIL Arogya, OIL Shakti, and OIL Sparsha healthcare projects benefiting 138,945 individuals
- OIL Dikhya-Schools educational initiative reaching 6,066 students
- OIL Super 30 initiative aiding 200 students
Governance Achievements
- Conferred with the prestigious “Maharatna” status
- “C&P Confluence: Sourcing Synergy, Achieving Excellence” conference to foster collaboration and enhance contracts and purchasing processes
- Formulated the “Equal Opportunity Policy of OIL 2023” ensuring a work environment devoid of discrimination against Persons with Benchmark Disabilities
Climate Goals & Targets
Long-term Goals:
- Net zero for Scope 1 and 2 emissions by 2040
Medium-term Goals:
- Adoption of energy-efficient technology
- Clean Development Mechanism (CDM) Projects
- Creation of Carbon Sinks
- 2GW renewable energy capacity by 2035
- 0.3MMT of compressed biogas (CBG) by 2035
- 50 crore liters of bioethanol by 2035
Short-term Goals:
- Reduction of flares
- Zero Flare by 2025
- Use of cleaner fuels in operations
- Renewable Energy: Setting up solar plants for captive utilization
- Green Hydrogen and Green Ammonia
Environmental Challenges
- GHG Emissions from operations
- Physical Climate Risk impacting operations due to extreme weather events
- Water scarcity issues in Rajasthan
- Waste generation from oil and gas extraction and processing
- Energy transition risks
Mitigation Strategies
- Zero routine flaring plan by 2025
- Net zero for Scope 1 and 2 emissions by 2040
- Investments in PWRI facilities for efficient treatment, reuse & re-injection of formation water
- Bioremediation and recycling techniques for waste disposal
- Transitioning to cleaner energy sources, including renewables, green hydrogen, and biofuels
- Implementing acomprehensive management approach for addressing physical climate risks
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Code of Conduct for Service Providers
- Screening of suppliers based on environmental and social criteria
- Adherence to agreements reflecting environmental and social values
- Public Procurement Policy for Micro and Small Enterprises (MSEs)
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events (Floods, Cyclones, Droughts, water stress, precipitation etc.)
Transition Risks
- Energy transition risks (growing pressure from policies, society, legal, and market risks)
Opportunities
- Development of green energy products (biofuels and green hydrogen)
- Investments in renewable energy ventures
- Application of cutting-edge technologies to lower greenhouse gas emissions
Reporting Standards
Frameworks Used: GRI Standards 2021, UN Sustainable Development Goals
Certifications: ISO 14001:2015, ISO 50001:2018, ISO 45001:2018, ISO 27001:2013, ISO 17025:2017, ISO 9001:2015
Third-party Assurance: Bureau Veritas (India) Private Limited
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Green hydrogen
- Compressed biogas (CBG)
- Bioethanol
Awards & Recognition
- Saksham 2023 award by PCRA India
- 23rd Annual Greentech Environment Award
- APEX India Quality Excellence Award 2023
- Apex India Safe Workplace Award 2023
- Greentech Excellent Award 2022
- Apex India Occupational Health & Safety (OHS) Platinum Award 2023
- Energy Leadership Awards 2023
- SCOPE Eminence Award
- National Award for Excellence In CSR & Sustainability
- 10th Greentech CSR India Award 2023