Sustainability Data Hub
Phillips 66
Phillips 66 engages in refining, transportation, and marketing of fuels and lubricants, with operations spanning across various regions. The company also invests in renewable energy technology and storage solutions.
1917
United States
10,001+ employees
Oil & Energy
$10B+ in revenue
$1B - 10B in profitability
Sustainability Ranking
Beyond Top 1000
- Carbon emissions intensity (normalized by industry)
- Share of renewable electricity consumption (normalized by industry)
- Sustainability maturity
- Intent to leverage sustainability solutions
- Sustainability accreditations and certifications
The ranking takes into account all companies in illuminem's database. It leverages publicly available data as well as responses from the brief illuminem survey (please fill it out here for your company).
Beyond Top 100
(Source: illuminem)
Beyond Top 100
(Source: illuminem)
Sustainability MaturityⓈMaturity gauges how far along a company is on its sustainability journey. It takes into account various factors such as:
- Breadth and depth of sustainability strategy
- Investment in sustainability
- External stakeholder engagement on sustainability topics
- Disclosure, awareness and management of environmental performance
- Sustainability certifications, awards and memberships
The maturity rank is based on a company's overall maturity score compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher maturity result in a higher rank.
Companies at the early stage of their sustainability journey are usually just starting to recognize the importance of sustainability. Their goals are often compliance-driven, cost-saving, or reputation-based, rather than deeply integrated into their core business strategy. Example solutions include services to comply with regulations, compliance software, consulting services, energy management & efficiency to reduce cost, certifications etc.
Companies with high sustainability maturity have deeply integrated sustainability into their core strategy and view it as a competitive advantage. Sustainability is not just a compliance requirement but a business driver that aligns with long-term value creation. Example solutions include insetting & supply chain services, carbon neutrality solutions, circular economy models, innovations in sustainable products and services etc.
(Source: illuminem)
Beyond Top 100
Sustainability IntentⓈIntent evaluates a company's propensity to buy sustainability products and services in the near future. It takes into account various factors such as:- Expressed intent by relevant company employees to buy sustainability solutions (reported directly to illuminem)
- Previous company activity in buying relevant solutions (reported to illuminem or aggregated from global registries)
- News or public reports by the company signaling interest to buy relevant solutions
- Intensity and progress against sustainability targets or pledges (reported publicly by the company)
- Level of pressure on sustainability performance from relevant stakeholders (as reported by the company or estimated based on industry/geography)
The intent rank is based on a company's overall intent score compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher intent results in a higher rank.
(Source: illuminem)
See all
Carbon emissions
Electricity consumption
Carbon certificate projects
Targets
Other sustainability metrics
Reporting
Sustainability
Report
Carbon emissions
Industry rank: Beyond Top 100
Total CO2 emissions
(CO2e tons)
Industry rank: Beyond Top 100
Company actuals (net of offset)
Industry Benchmark
(adj. for company revenues)
Targets
| Target | Year | Value | Scope | Baseline |
|---|---|---|---|---|
| Interim emissions reductionⓈCompany sustainability report | 2030 | 30% | 1&2 (operated assets) | 2019 |
| Interim emissions reductionⓈCompany sustainability report | 2030 | 15% | 3 (products manufactured and sold) | 2019 |
Progress against targets ⓈCompany sustainability report
Phillips 66 has integrated GHG intensity metrics into its project approval process and has achieved a 7% reduction in Scope 1 and 2 emissions intensity and a 15% reduction in Scope 3 emissions intensity from 2019 levels as of 2023. They have set targets for a 30% reduction by 2030 and a 50% reduction by 2050 for Scope 1 and 2 emissions, and a 17% reduction by 2030 for Scope 3 emissions. Progress has been made through portfolio changes, enhanced refining utilization, energy use optimization, and renewable fuels blending.
Other sustainability metrics
| Category | Description | Metric | Year | ||
|---|---|---|---|---|---|
| Water | Total Consumption | m3 | |||
| Total Withdrawal | m3 | ||||
| Social | Share of female employees | % | |||
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