Trinidad Petroleum Holdings Limited
Trinidad Petroleum Holdings Limited (TPHL), headquartered in Trinidad and Tobago (TT), is a prominent player in the oil and gas industry, focusing on exploration, production, and refining. Established in 1993, TPHL has made significant strides in enhancing the energy sector within the Caribbean region, with operations primarily concentrated in Trinidad and Tobago. The company is renowned for its core services, including upstream exploration and production, as well as downstream refining and marketing of petroleum products. TPHL's commitment to innovation and sustainability sets it apart in a competitive market, allowing it to maintain a strong position in the industry. With a focus on operational excellence and environmental stewardship, Trinidad Petroleum Holdings Limited continues to contribute to the energy landscape while achieving notable milestones in efficiency and production capacity.
DitchCarbon Score
How does Trinidad Petroleum Holdings Limited's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Trinidad Petroleum Holdings Limited's score of 22 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Trinidad Petroleum Holdings Limited's reported carbon emissions
In 2021, Trinidad Petroleum Holdings Limited reported total carbon emissions of approximately 5,037,971,590 kg CO2e. The breakdown of these emissions includes about 5,002,925,700 kg CO2e from Scope 1, which encompasses direct emissions from owned or controlled sources. Scope 2 emissions, related to the generation of purchased electricity, steam, heating, and cooling, accounted for about 30,842,470 kg CO2e. Additionally, Scope 3 emissions, which include indirect emissions from sources not owned or controlled by the company, totalled approximately 2,000,000 kg CO2e, with significant contributions from employee commuting and waste generated in operations. In comparison, the previous year, 2020, saw total emissions of about 5,181,042,910 kg CO2e, indicating a slight reduction in emissions year-on-year. The Scope 1 emissions for 2020 were approximately 5,150,088,200 kg CO2e, while Scope 2 emissions were about 26,682,260 kg CO2e. Trinidad Petroleum has set a long-term commitment to achieve carbon neutrality across The NGC Group by 2050, focusing on Scope 3 emissions. This ambitious target reflects the company's recognition of the importance of reducing its overall carbon footprint and aligns with global climate action efforts.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 5,150,088,200 | 0,000,000,000 |
| Scope 2 | 26,682,260 | 00,000,000 |
| Scope 3 | 4,272,450 | 0,000,000 |
Industry emissions intensity
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Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Trinidad Petroleum Holdings Limited is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
