Climate Policy Engagement Analysis
Climate Policy Engagement Overview: Bharat Petroleum Corporation Limited (BPCL) is somewhat engaged on climate policy. Despite overall positive top-line communications, BPCL takes a predominantly negative positions on the energy transition by stating support for the continued role of oil and gas, but has also taken positions supporting clean technologies including green hydrogen and bioenergy.
Top-line Messaging on Climate Policy: BPCL’s top-line communications, although limited, appear broadly supportive of climate policy. In its 2022-23 Sustainability Report, published in February 2024, the company appeared to support India’s 2070 net-zero emissions target. BPCL also appeared to support India’s Nationally Determined Contributions (NDC) commitments under the UN Paris Agreement in a January 2023 blog. BPCL acknowledges the risk of future climate regulation in its 2022-23 Sustainability Report, but takes no clear position on the need for such regulation.
Engagement with Climate-Related Regulations: BPCL has limited transparency on its engagement with climate-related regulations. The company appeared to support India’s 2030 50% renewable energy capacity target in its 2021-22 Annual Report, published in August 2022. BPCL also stated support for India’s commitment to reduce its GHG emission intensity by 45% by 2030 (compared to 2005 levels) in its 2021-22 Sustainability Report, published in March 2023.
Positioning on Energy Transition: BPCL appears to be negatively engaged on the energy transition and states support for the continued role of oil and gas in the energy mix. For example, the company appeared to advocate for the long-term role of unabated fossil gas in its 2023-24 Annual Report, published in August 2024, in relation to the Government of India’s initiative to become a gas-based economy. In the same report, BPCL appeared to raise concerns about the technical or economic feasibility of a transition to renewable energy sources. The company also advocated for increased investment in oil and fossil gas infrastructure in India in its 2022-23 Annual Report.
However, BPCL appears to support several clean technologies to transition the energy mix, such as green hydrogen and bioenergy. On its corporate website, accessed in August 2024, the company advocated for an expanded role for bioenergy to decarbonize the energy mix, and stated support for India’s National Policy on Biofuels (2018). BPCL also appears to support the development of green hydrogen, including India’s National Green Hydrogen Mission, in its 2023-24 Annual Report, published in August 2024.
Industry Association Governance: BPCL has disclosed some of its memberships to industry associations through its 2023-24 Annual Report, published August 2024. However, the company did not provide details of its engagement with industry associations, nor has it published a detailed review of its alignment with its industry associations. The company has not published a review of its industry association memberships and climate policy engagement. BPCL’s Chairman G. Krishnakumar is one of the Governing Council Members of the Federation of Indian Petroleum Industry (FIPI), which generally advocates for the long-term role of fossil gas in the energy mix.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q2 2025.
Additional Note: BPCL is headquartered in India, where InfluenceMap’s LobbyMap platform can currently only make a provisional assessment of corporate climate policy engagement, due to limited capability to access publicly available data on this issue. As it is possible that InfluenceMap is not yet able to fully capture evidence of BPCL’s climate policy engagement activities, these scores should be considered provisional at this time.
In addition, BPCL is a listed company with more than 50% of its shares owned by the government of India. State-owned enterprises likely retain channels of direct and private engagement with government officials that InfluenceMap is unable to assess, and therefore are not represented in BPCL's engagement intensity metric.