Oil India Limited (OIL), a Maharatna CPSE and a leading energy company in India, has achieved significant progress in its environmental sustainability efforts with the announcement of improved 2024 CDP ratings. The Carbon Disclosure Project (CDP), an internationally recognized global platform, evaluates companies on their environmental transparency and actions. In its first year of responding to the CDP, OIL has seen remarkable improvements that reflect its strong commitment to sustainability.

Improved CDP Ratings

• OIL’s Climate Change rating has risen from F to C, marking a major step forward in its efforts to reduce carbon emissions, adopt cleaner energy solutions, and implement proactive environmental measures.
• The company also earned a B- rating in Water Security, which underscores OIL’s ongoing initiatives in sustainable water usage, conservation, and wastewater management.

These improvements demonstrate OIL’s enhanced transparency and commitment to environmental standards, positioning it as a leader in environmental responsibility within the energy sector.

OIL’s Sustainability Journey

In a statement, Dr. Ranjit Rath, Chairman and Managing Director of OIL, expressed his pride in the company’s sustainability outcomes. He emphasized that the improved CDP ratings are a testament to OIL's focused approach in addressing the global challenges of climate change and water security. As a responsible energy company, OIL is committed to reducing its environmental footprint and driving sustainable growth in line with global energy transitions.

ESG Strategy and Future Goals

At the India Energy Week 2025 in New Delhi, OIL unveiled its Environmental, Social, and Governance (ESG) Strategy under the project ‘Santulan’, which outlines a comprehensive roadmap for Greenhouse Gas (GHG) reduction aligned with OIL’s target of Net Zero by 2040. The company is also focused on achieving water neutrality, tackling plastic waste management, and preserving biodiversity.

Innovation and Future Directions

OIL remains committed to leveraging innovative technologies and resource efficiency to further enhance its environmental disclosures and overall sustainability performance. The company’s continued efforts are in line with India’s climate goals and the global energy transition, solidifying its position as a key player in sustainable energy practices.

Conclusion

Oil India’s improved CDP ratings reflect its evolving environmental strategy and commitment to sustainability. With its Net Zero 2040 target and ongoing projects to reduce environmental impact, Oil India is on track to contribute positively to both India’s climate goals and the broader global environmental agenda.

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