Oil & Natural Gas Corporation Ltd.

Oil and Natural Gas Corporation (ONGC) is investing Rs 1 lakh crore by the end of this decade in low-carbon energy opportunities, including renewables and green hydrogen as it looks to transform into a low-carbon energy player. It has detailed a ‘roadmap to scale up its low-carbon energy portfolio significantly.

The company has aligned itself with India's ambitious goals and is wholeheartedly contributing to the nation's aim to curtail carbon emissions by 1 billion tonne and simultaneously reduce carbon intensity by 45% by 2030. The company has adopted various de-carbonization levers resulting in significant emission reductions over years. 

Integrating sustainable practices into core operations has enabled a reduction in Scope-1 and Scope-2 emissions by 17% in the last five years. ONGC has reduced its emissions by 2.66% in FY23 (April 2022 to March 2023 fiscal year). The company plans to significantly increase its spending on green initiatives to reduce its carbon footprint as a broader effort to achieve net-zero for Scope-1 and Scope-2 emissions by 2038. 

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.