Oil India Limited (OIL), a public sector oil and gas company, has significantly improved its 2024 CDP (formerly Carbon Disclosure Project) ratings, showcasing its dedication to sustainability. In its first year of assessment, OIL elevated its Climate Change rating from F to C and achieved a B- in Water Security, marking a key milestone in its environmental efforts.
Commitment to Carbon Reduction and Clean Energy
The upgraded climate change rating reflects OIL’s enhanced transparency and proactive strategies in reducing carbon emissions, adopting cleaner energy solutions, and aligning with global environmental standards. The company has taken substantial steps to improve its sustainability performance, reinforcing its commitment to responsible energy practices.
Strengthening Water Stewardship
OIL’s B- rating in water security highlights its initiatives in sustainable water management, conservation, and wastewater treatment. These efforts underscore the company’s focus on responsible water usage and its broader commitment to environmental stewardship.
Leadership Perspective on Sustainability Initiatives
Dr. Ranjit Rath, Chairman and Managing Director of OIL stated, “We are proud to see our sustainability initiatives delivering positive results. The improved CDP 2024 ratings validate our strategic focus on addressing climate change and water security challenges. As a responsible energy company, we remain committed to minimizing our environmental footprint and driving sustainable growth”.
Launch of ESG Strategy ‘Santulan’
At India Energy Week 2025 in New Delhi, OIL unveiled its ESG strategy under project ‘Santulan.’ It outlined a comprehensive roadmap for sustainability. This initiative focuses on achieving net-zero greenhouse gas (GHG) emissions by 2040, water neutrality, plastic waste management, and biodiversity conservation.
Future Sustainability Goals
OIL aligns with India’s climate goals and the global energy transition. It integrates innovative technologies, enhances resource efficiency, and improves environmental disclosures. As reported by psuconnect.in, the company remains steadfast in strengthening its sustainability performance, ensuring long-term environmental responsibility.
