To achieve the Paris climate goals, the world will need improvements in end use energy efficiency. In one estimate these improvements can provide almost 40% of greenhouse gas (GHG) emissions reductions required1. Today, around a quarter of the world’s energy is lost to friction, corrosion and wear.2
Ever since Castrol was born, it has been dedicated to delivering products that help save energy by fighting friction, reducing corrosion and minimising wear; delivering high-performance with increased efficiency.
Castrol’s new PATH360 strategy:
Castrol PATH360’s three focus areas and 2030 aims are:
Reducing life-cycle carbon
To develop the PATH360 strategy, in 2020 Castrol conducted its first assessment of its greenhouse gas inventory in line with the GHG Protocol6 covering scopes 1, 2 and 3. Castrol has identified key enablers for improvement and carbon reduction across its products’ life-cycles.
Castrol aims to deliver high performance with lower life-cycle carbon by improving operational efficiency and exploring opportunities to transition to renewable energy. Castrol is also working with its suppliers, sourcing lower carbon raw materials, reducing packaging and working with its partners to influence what happens to products after customer use.
In 2014, Castrol became the first brand in the world to offer a certified carbon neutral lubricant, Castrol PROFESSIONAL, in accordance with PAS20607. Ever since, Castrol has continued to expand its carbon neutral offer across cars, commercial vehicles and wind turbines.
Under Castrol’s PATH360 sustainability strategy, Castrol plans to increase its carbon neutral offer, including a lead brand across each of the automotive, industrial, marine and energy sectors8, as well as all products sold by Castrol in Australia, New Zealand, and Vietnam9 in 202110.
To fulfil its carbon neutral programme, Castrol buys carbon credits from bp Target Neutral which supports and contributes to a portfolio of carbon reduction, avoidance and removal projects around the world. These projects have additional benefits that support the UN Sustainable Development Goals, improving the lives of millions of people11 through better health, decent work, training and gender equality.
Castrol’s senior vice president, Mandhir Singh, said:
"Our approach is 360-degree, holistic, whole-system thinking. We’re not starting from scratch with PATH360, it builds upon work we’ve been doing for years, pulling it all together into one integrated sustainability programme. We know that many of our customers are looking for more sustainable offers and help with their sustainability goals, and this is what this programme is designed to deliver.”
More widely than Castrol, bp has set out a series of greenhouse gas emission reduction aims for 2030 in support of its ambition to be a net zero company by 2050 or sooner and to help the world get to net zero. bp does not intend to rely on offsets to meet these 2030 aims.