Petronas
Petroliam Nasional Berhad, commonly known as Petronas, is a leading Malaysian oil and gas company headquartered in Kuala Lumpur, Malaysia. Established in 1974, Petronas has grown to become a key player in the global energy sector, with significant operations across Asia, the Middle East, and beyond. The company is primarily engaged in the exploration, production, and distribution of oil and gas, alongside petrochemical manufacturing. Petronas is renowned for its innovative technologies and commitment to sustainability, setting it apart in a competitive market. With a strong market position, Petronas has achieved numerous milestones, including being ranked among the Fortune Global 500 companies. Its diverse portfolio of core products and services, coupled with a focus on research and development, underscores its role as a vital contributor to the energy landscape.
DitchCarbon Score
How does Petronas'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 Gas/Diesel Oil 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's score of 18 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Petronas's reported carbon emissions
In 2023, Petronas reported carbon emissions of approximately 43,240,000,000 kg CO2e from Scope 1 and 830,000,000 kg CO2e from Scope 2, with significant contributions from Scope 3 emissions, particularly from the use of sold products, amounting to about 286,690,000,000 kg CO2e. This reflects a continued commitment to transparency in their emissions reporting. Over the years, Petronas has shown fluctuations in its emissions. For instance, in 2022, the company recorded approximately 49,580,000,000 kg CO2e for Scope 1 and 2 combined, alongside Scope 3 emissions of about 277,160,000,000 kg CO2e. In 2021, the total for Scope 1 and 2 was around 46,430,000,000 kg CO2e, with Scope 3 emissions reaching approximately 286,330,000,000 kg CO2e. Despite the lack of specific reduction targets or initiatives disclosed, Petronas has been actively involved in various sustainability efforts, including investments in renewable energy and initiatives aimed at reducing greenhouse gas emissions. The company’s GHG intensity metrics indicate ongoing efforts to improve efficiency across its operations, although no formal science-based targets have been established. Petronas's headquarters is located in Malaysia (MY), and the company continues to navigate the complexities of carbon management within the oil and gas sector, striving to align with global climate commitments while addressing its substantial emissions footprint.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 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 | 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 |
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.
Petronas is not committed to any reduction initiatives 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.
