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Kuwait Petroleum Corporation (Q8)

Kuwait Petroleum Corporation (KPC) is a state-owned integrated oil and gas company headquartered in Kuwait. In 2020, it had USD 97.22 billion in revenue and a reported 21,306 employees*. KPC is the national oil company (NOC) of Kuwait. Although KPC demonstrates more awareness of climate change than some other NOCs, it is not taking action to transition its business to be compatible with a low-carbon economy.

Ranking position
#77/100
Total score
2.4/100
Performance score
1.0/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)

Targets

0.0 /100 #38

Material Investment

0.0 /100 #84

Intangible Investment

0.0 /100 #20

Sold products

2.3 /100 #41

Management

28.4 /100 #61

Supplier Engagement

2.5 /100 #49

Client Engagement

0.0 /100 #53

Policy Engagement

20.0 /100 #47

Business Model

5.0 /100 #37

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

KPC receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. With insufficient changes in its current production mix and sold product mix and no emissions reduction targets in place, the company is not on track to reduce its scope 1 and 2 and its scope 1, 2 and 3 emissions intensities and align with its 1.5°C pathway. KPC has small-scale low-carbon business activities through its subsidiary Q8, but the company’s overall commitment to oil and gas means its business will not change in line with the low-carbon economy.

Progress towards the Paris Agreement

More about the company

Headquarters
Kuwait City, Kuwait
Group revenue
KWD 29,477,000,000 (USD 97.22 billion)
Ownership structure
State owned
Number of employees
21,306
Scope of activity
Fully integrated
Website
https://www.kpc.com.kw/