New Delhi: Oil India Limited (OIL) has significantly improved its 2024 Carbon Disclosure Project (CDP) ratings, demonstrating its commitment to sustainability and environmental stewardship.
In its first year of CDP response, OIL elevated its Climate Change rating from F to C and secured a B- rating in Water Security. This improvement reflects the company’s dedication to reducing its carbon footprint and implementing sustainable water management practices.
The upgraded Climate Change rating underscores OIL’s increased transparency and proactive measures in emissions reduction, cleaner energy adoption, and adherence to global environmental standards. Similarly, the B- rating in Water Security highlights the company’s efforts in sustainable water usage, conservation, and wastewater management.
Expressing his satisfaction with the improved ratings, OIL's Chairman and Managing Director (CMD) Dr Ranjit Rath said, “We are proud to see OIL’s sustainability initiatives yielding positive outcomes. The improved CDP ratings are a testament to our focused approach to addressing climate change and water security challenges. As a responsible energy company, we remain committed to reducing our environmental footprint and driving sustainable growth.”
At India Energy Week 2025 in New Delhi, OIL unveiled its Environmental, Social, and Governance (ESG) Strategy under Project ‘Santulan.’ The initiative outlines a structured roadmap for achieving greenhouse gas (GHG) reduction in line with the company’s 2040 Net-Zero target. It also focuses on water neutrality, plastic waste management, and biodiversity conservation, reinforcing OIL’s alignment with India’s climate goals and the broader global energy transition.
As OIL continues to integrate sustainability into its operations, it remains committed to adopting innovative technologies, enhancing resource efficiency, and improving environmental disclosures. The company aims to build on its progress and further strengthen its sustainability performance in the coming years.
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