Vietnam Oil and Gas Group
Vietnam Oil and Gas Group, commonly known as PetroVietnam, is a leading state-owned enterprise headquartered in Hanoi, Vietnam. Established in 1975, the company has played a pivotal role in the development of Vietnam's oil and gas industry, with significant operations across the South China Sea and various onshore regions. Specialising in exploration, production, refining, and distribution of oil and gas, PetroVietnam is renowned for its commitment to sustainable energy practices and technological innovation. The company’s core services include upstream exploration and production, downstream refining, and gas processing, setting it apart in a competitive market. With a strong market position, PetroVietnam has achieved numerous milestones, including significant contributions to national energy security and economic growth. Its dedication to quality and efficiency has solidified its reputation as a key player in the Southeast Asian energy sector.
DitchCarbon Score
How does Vietnam Oil and Gas Group's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Natural Gas Liquids industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Vietnam Oil and Gas Group's score of 5 is lower than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vietnam Oil and Gas Group's reported carbon emissions
In 2024, Vietnam Oil and Gas Group reported total carbon emissions of approximately 921,870 kg CO2e, a slight increase from about 866,310 kg CO2e in 2023. These figures encompass Scope 1 and 2 emissions, reflecting the direct and indirect emissions from their operations. Despite the increase in emissions, the company has not publicly disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. There are no commitments to the Science Based Targets initiative (SBTi) or other climate pledges noted in their reports. As a significant player in the oil and gas sector, Vietnam Oil and Gas Group's emissions data is crucial for understanding the industry's impact on climate change. However, without clear reduction strategies or commitments, the path towards sustainability remains uncertain.
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Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Vietnam Oil and Gas Group is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
