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National Iranian Oil Company (NIOC)

National Iranian Oil Company (NIOC) is a state-owned integrated oil and gas company headquartered in Iran. In 2020, it had a reported 87,500 employees*. The company did not disclose its revenue. Despite being one of the largest oil and gas companies in the world, NIOC shows no evidence of engagement with the low-carbon transition. The company has no transition plan or climate strategy.

Ranking position
#80/100
Total score
2.1/100
Performance score
0.9/20
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

10.0 /100 #33

Intangible Investment

0.0 /100 #20

Sold products

11.1 /100 #12

Management

0.0 /100 #91

Supplier Engagement

0.0 /100 #57

Client Engagement

0.0 /100 #53

Policy Engagement

10.0 /100 #69

Business Model

0.0 /100 #52

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

NIOC receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. There is no evidence that the company is aware of climate change issues or is engaging with the low-carbon transition. Given this, it seems unlikely that its emissions will reduce and align with its 1.5°C pathway, especially its scope 3 in-use emissions over which the company has less control, unless it invests in alternatives to oil and gas. However, NIOC appears wholly dependent on its fossil fuel business and there are no indications that it has any plans or strategy for low-carbon business activities.

Progress towards the Paris Agreement

More about the company

Headquarters
Tehran, Iran
Group revenue
Not available
Ownership structure
State owned
Number of employees
87,500
Scope of activity
Fully integrated
Website
https://en.nioc.ir/portal/home/