Bharat Petroleum Corporation Limited has filed its Business Responsibility and Sustainability Report (BRSR) for FY26, revealing a 3.04% reduction in absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions to 10.47 million metric tonnes of CO₂ equivalent (MMTCO₂e). The report, submitted in compliance with Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, also highlights a milestone achievement in fuel blending: the company maintained a 20% ethanol blending rate in petrol for the first time in October 2025 and sustained it through March 2026. This progress supports India’s energy transition goals while reducing carbon intensity across BPCL’s operations.

The report covers the period from April 1, 2025 to March 31, 2026, on a standalone basis. Bureau Veritas (India) Private Limited provided reasonable assurance for the core BRSR indicators. Total turnover for the period stood at ₹5,22,668.25 crore, with net worth at ₹92,199.41 crore. Export sales contributed ₹7,256.79 crore, representing 1.39% of total turnover.

Decarbonisation and Renewable Energy

BPCL’s decarbonisation pathway targets Net-Zero Scope 1 and Scope 2 emissions by 2040. In FY26, emission intensity dropped by 8.75% based on sales throughput. The company expanded its renewable energy portfolio to 251.14 MW, comprising 239.34 MW of solar and 11.80 MW of wind capacity. Renewable electricity accounted for 5.29% of total consumption. Additionally, BPCL commissioned a 2.1 MTPD green hydrogen production plant at Bina Refinery and a green hydrogen refueling station at Kochi Refinery in collaboration with Cochin International Airport Limited.

Water Stewardship and Waste Management

Water withdrawal decreased to 50,909.25 thousand kilolitres (TKL) from 56,366.30 TKL in the previous year, while water consumption fell to 33,711.59 TKL, marking an 11% reduction in intensity. The Bina Refinery operates as a Zero Liquid Discharge facility, recycling 3,769.44 TKL of treated wastewater. All refineries and marketing locations achieved Zero Waste to Landfill certification. The company secured 2,655 MT of Plastic Extended Producer Responsibility (EPR) end-of-life credits and disposed of 19.38 MT of e-waste through authorised recyclers.

Governance and CSR Impact

ESG ratings improved across major platforms: S&P Corporate Sustainability Assessment score rose from 49 to 54, and Morningstar Sustainalytics ESG Risk Rating improved from 39.9 to 35. CDP Climate Disclosure moved from ‘C’ to ‘B’. Corporate Social Responsibility spending reached ₹267.17 crore, benefiting over 25 lakh people across healthcare, education, and environmental conservation. Procurement from Micro and Small Enterprises (MSEs) hit ₹3,821.96 crore (32.19%), exceeding the mandated 25% target.

Bharat Petroleum has appointed Amit Kumar as its Chief Procurement Officer (CPO Mktg.), effective August 1, 2026. The appointment ensures continuity in procurement operations for the marketing segment following the superannuation of outgoing CPO Kani Amudhan N and Executive Director (IS) U. S. N. Bhat, both of whom retired on July 31, 2026. This leadership transition maintains stability in the company’s supply chain management during a period of senior management change.

The disclosure was filed with the Bombay Stock Exchange and the National Stock Exchange of India Ltd. in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. V. Kala, Company Secretary of Bharat Petroleum Corporation Limited, signed the filing on August 1, 2026. The filing confirms that the changes are part of routine senior management transitions due to retirement.

Leadership Transitions

The update involves two retirements and one new appointment within the senior management team:

Amit Kumar holds a B.E. in Electrical Engineering from the Birla Institute of Technology, Mesra. His professional background includes experience across various roles in Retail and CPO (Mktg) functions within the company prior to this appointment. His internal experience is expected to facilitate a smooth transition in the procurement leadership role.