GHG Emissions  -  February 14, 2022

Marathon Petroleum Sets Scope 3 Target for 2030

Marathon Petroleum Corp. (MPC)  established a 2030 target to reduce absolute Scope 3 - Category 11 GHG emissions by 15% below 2019 levels.

The new Scope 3 target enhances MPC's GHG disclosures, which include reporting aligned with the Task Force on Climate-related Financial Disclosures (since 2017), Scope 1 and 2 GHG emissions intensity target (since 2020), methane emissions intensity target (since 2020), third-party verification of Scope 1 and 2 GHG emissions (since 2020), CDP long-form disclosure (since 2021), Scope 3 disclosure (since 2021), and third-party verification of Scope 3 emissions (since 2021).

"Our Scope 3 reduction target is part of our commitment to continuously improve our environmental performance while meeting society's energy needs sustainably," said MPC CEO Michael J. Hennigan in a statement. "As the energy industry evolves, we are positioning ourselves to continue delivering positive results in an energy-diverse future."

MPC's Scope 3 target includes “Category 11: Use of Sold Products” for the products manufactured at the company's refineries. The calculation of Scope 3, Category 11 emissions is based on refinery yields because MPC's refinery yields are larger than marketed volumes and is based on guidance from the Science Based Target Initiative (SBTi) and IPIEC.

Share this valuable information with your colleagues using the buttons below: