Greenhouse gas (GHG) emissions are one of the primary causes of rising global warming, and the oil and gas industry accounts for one-third of global emissions, both directly and indirectly. A substantial amount of greenhouse gases emitted by burning oil, fossil fuels, and other sources include CO2, methane, and NOx. As corporate GHG emissions have increased, it has become increasingly important for key contributing industries to track greenhouse gas emissions throughout their operations.
Reliance Industries Ltd (RIL) is a diversified company with business interests in energy, petrochemicals, and others. The company carries out the exploration, development and production of oil and gas. Total GHG emissions reported by the oil & gas company were around 46 million tonnes CO2 equivalents (MtCO2eq) in 2021, which was reduced by 6.1% from 2020. The oil and gas company focuses on connecting sustainability and growth with aim of achieving net carbon zero by 2035 in alignment with the Paris Agreement.
Scope 1,2, and 3 emissions are the three categories of GHG emissions. Direct GHG emissions from sources owned or controlled by the corporation are referred to as Scope 1 emissions. GHG emissions from the company's purchased or acquired energy, steam, heat, and cooling are included in Scope 2 (Indirect GHG emissions). Scope 3 refers to the company's other indirect emissions, which arise from sources that the company does not own or control.
Scope 1 emissions form the major portion of RIL’s total GHG emissions, accounting for around 44.7 MtCO2eq (97.4%) of total GHG emissions in 2021. The company’s Scope 1 emissions have reduced by around 6% and Scope 2 emissions have decreased by around 14.3% in 2021. RIL has not disclosed its Scope 3 emissions.
RIL is working on new energy such as solar and biofuels to promote clean energy and reduce GHG emissions. In 2021, the company has started a solar plant with a capacity of 3.56 MW at Silvasa, city of India.
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