Petronas (E&P) Overseas Ventures Sdn. Bhd. Sustainability Profile
Petronas (E&P) Overseas Ventures Sdn. Bhd., a subsidiary of the renowned Malaysian oil and gas giant Petronas, is headquartered in Malaysia. Established in 1974, the company has carved a significant niche in the exploration and production sector, focusing on oil and gas resources across various international markets. With operations spanning regions such as Southeast Asia, Africa, and the Americas, Petronas (E&P) is committed to delivering high-quality energy solutions. The company’s core services include upstream exploration, development, and production of hydrocarbons, distinguished by its innovative technologies and sustainable practices. Recognised for its strategic partnerships and robust project portfolio, Petronas (E&P) has achieved notable milestones, reinforcing its position as a key player in the global energy landscape.
DitchCarbon Score
How does Petronas (E&P) Overseas Ventures Sdn. Bhd.'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 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
Petronas (E&P) Overseas Ventures Sdn. Bhd.'s score of 30 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Petronas (E&P) Overseas Ventures Sdn. Bhd., headquartered in Malaysia, currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of Petroliam Nasional Berhad (PETRONAS), which cascades its emissions data and climate initiatives down to its subsidiaries. As part of its commitment to climate action, Petronas (E&P) Overseas Ventures Sdn. Bhd. aligns with the broader sustainability goals set by its parent company, PETRONAS. However, specific reduction targets or initiatives have not been detailed for this subsidiary. The lack of documented reduction targets or climate pledges suggests that the company may still be in the process of developing its own specific strategies or may rely on the overarching commitments of PETRONAS. In the context of the oil and gas industry, it is essential for companies like Petronas (E&P) to establish clear emissions reduction strategies and targets to address climate change effectively. As the industry faces increasing scrutiny regarding its environmental impact, the need for transparent reporting and ambitious climate commitments becomes paramount.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
How Carbon Intensive is Petronas (E&P) Overseas Ventures Sdn. Bhd.'s Industry?
How Carbon Intensive is Petronas (E&P) Overseas Ventures Sdn. Bhd.'s Location?
Petronas (E&P) Overseas Ventures Sdn. Bhd.'s Scope 3 Categories Breakdown
Petronas (E&P) Overseas Ventures Sdn. Bhd.'s Scope 3 emissions, which decreased by 6% last year and increased by approximately 2% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 93% of Scope 3 emissions.
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Petronas (E&P) Overseas Ventures Sdn. Bhd.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Petronas (E&P) Overseas Ventures Sdn. Bhd. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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