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Türkiye Petrol Rafinerileri

Tüpraş-Türkiye Petrol Rafinerileri A.Ş. is a publicly listed midstream oil and gas company headquartered in Turkey. In 2020, it had USD 8.50 billion in revenue and a reported 5,442 employees in 2019*. Tüpraş continues to rely on fossil fuels and is doing nothing to decarbonise its business or reduce emissions. Tüpraş produces LPG, naphtha, gasoline, diesel fuel, fuel, heating oil, jet fuel, lubricants, and asphalt. The company operates refineries in Izmit, Izmir, Kirikkale, and Batman which combined have a processing capacity of 30 million tonnes.

Summary

Tüpraş-Türkiye Petrol Rafinerileri A.Ş. ranks joint 90th with an ACT rating of 0.4E-. The company refers to climate change in its sustainability report but takes little action to address it. Its only current climate-related target is to continue monitoring trends and technologies in the energy industry.

With no transition plan or climate governance, Tüpraş shows no evidence of engaging with the low-carbon transition. While the company has attended recent United Nations Conference of the Parties (COPs), and it tracks its greenhouse gas (GHG) performance, there is no evidence to suggest that these efforts extend beyond compliance or lobbying purposes and are part of a climate change strategy.

*Employee figure as reported in 2019. This figure may include full- and part-time employees and workers, depending on the company’s reporting practice.

Ranking position: #90 /100
Total score: 1.0 /100
Performance score: 0.4 /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	1.5 /100	#73
Intangible Investment	0.0 /100	#20
Sold products	0.0 /100	#55
Management	1.9 /100	#86
Supplier Engagement	0.0 /100	#57
Client Engagement	0.0 /100	#53
Policy Engagement	30.0 /100	#27
Business Model	0.0 /100	#52

Leading practices

No leading practices were identified for this company.

Management: Tüpraş lacks climate change governance. It has no low-carbon transition plan, climate-related management incentives, climate-related leadership expertise or emissions reduction targets. Without these, the company risks being unprepared for the low-carbon economy. Tüpraş should use scenario analysis to understand the impact of climate change to its business and use this understanding to drive the necessary changes across its activities.
Carbon removal and carbon capture technology CapEx: Tüpraş has some carbon capture, utilization and storage (CCUS) schemes that it is seeking funding for. CCUS is a key pillar of the company’s planned low-carbon transition. However, Tüpraş intends to convert the captured CO2 into propane and other hydrocarbons. Instead, Tüpraş should concentrate on storing captured CO2 or converting it into products that do not cause additional emissions.

Trend

Tüpraş receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. The company is doing nothing to decarbonise its business or reduce emissions. Tüpraş’ business model relies on fossil fuels. The company has no low-carbon business activities to replace its refining business. With no transition plan and emissions reduction targets, Tüpraş is not on track to achieve a low-carbon transition aligned with its 1.5°C pathway.

Commitment: Tüpraş states that it is committed to improving environmental consciousness of its employees, contractors and other business partners but does not demonstrate any actions to achieve this aim.
Transition plan: Tüpraş does not have a transition plan and is not decarbonising its business activities.
Present: Tüpraş is applying for funding to implement CCUS at some of its refineries. There is no evidence that the company is undertaking any other activities to reduce emissions or prepare for the low-carbon transition.
Legacy: Tüpraş reduced its energy intensity by 9% between 2014 and 2019 and is installing renewables at its sites. Due to the company’s lack of climate disclosure, it is not possible to see how its reduction in energy intensity translates to a reduction in emissions intensity.
Consistency: Tüpraş’ lack of climate action and a low-carbon transition plan is strong evidence that the company is not aligned with global decarbonisation goals.

More about the company

Headquarters: İzmit, Turkey
Group revenue: TRY 63,243,815,000 (USD 8.50 billion)
Ownership structure: Publicly listed
Number of employees: (2019) 5,442
Scope of activity: Midstream
Website: https://www.tupras.com.tr/en/default

Türkiye Petrol Rafinerileri

Leading practices

Risks and opportunities

Management

Carbon removal and carbon capture technology CapEx

Trend

Progress towards the Paris Agreement

Commitment

Transition plan

Present

Legacy

Consistency

More about the company