Saudi Aramco
Tadawul: 222212Greenwashing / Harmful· ProvisionalWorld's largest oil company by production and revenue, majority-owned by the Saudi government, with explicit plans to expand production capacity and no credible near-term decarbonisation pathway.
Why it's on ClimateTicker
Saudi Aramco is the world's largest oil producer by output and revenue, and its core business is fundamentally incompatible with a 1.5°C or even 2°C pathway; its net-zero pledge explicitly excludes Scope 3 emissions, which account for over 80% of its total climate impact, while the company simultaneously plans to expand crude production capacity. It appears on climate platforms primarily as a case study in greenwashing risk and as a benchmark for laggard fossil-fuel incumbents, not as a genuine climate solution.
Commitments & Certifications
Controversy & Greenwashing Watch
Internal documents revealed that ad giant IPG's agencies were accused of obfuscating and mischaracterising the nature of work done to polish Aramco's brand image, in breach of the agency's own climate policy.source ↗
Aramco's CEO publicly opposed rapid EV electrification as recently as June 2025, and F1 allegedly lobbied EU officials against the ICE phase-out on Aramco's behalf.source ↗
Aramco's own 2024 sustainability data shows flaring intensity rose from 5.64 to 6.07 scf/boe year-on-year, attributed to operational expansion, contradicting stated emissions-reduction progress.source ↗
Aramco holds $1.3 billion in active sports sponsorship deals — more than any other fossil fuel company globally — which campaign groups compare to tactics historically used by Big Tobacco to normalise harmful products.source ↗
UK and Dutch regulators received formal complaints alleging Saudi Aramco made misleading environmental claims in its Formula 1 sponsorship advertising about advanced fuels.source ↗
ClientEarth filed a formal legal complaint alleging Aramco is non-compliant with its responsibility to respect human rights due to its contribution to climate change and engagement in greenwashing activities.source ↗
The Transition Pathway Initiative found Aramco's emissions intensity is not aligned with the Paris Agreement's 'well below 2°C' goal, and is not even consistent with a 3.2°C warming trajectory based on current government pledges.source ↗
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