The oil and gas sector could bear the brunt of efforts by multinational corporations to offload their highest-emitting suppliers in the coming years as they seek to green up their carbon profiles, according to UK financial services firm Standard Chartered.

The firm, which surveyed 400 sustainability and supply chain experts at multinationals across the globe, found that the companies are increasingly looking to reduce emissions from the supply chain. Standard Chartered said 15% of multinationals have already begun removing suppliers, while 78% are projected to have begun removing suppliers in 2025.

Out of all the sectors covered by the report, the oil and gas industry faces the biggest risk if it does not cut carbon emissions in line with customers’ expectations. The industry...