Hengyuan Refining Sustainability Profile
Hengyuan Refining Company Berhad, commonly known as Hengyuan, is a prominent player in the oil and gas industry, headquartered in Malaysia. Established in 1964, the company has evolved significantly, marking key milestones in refining and petrochemical production. Hengyuan operates primarily in the Southeast Asian region, focusing on refining crude oil into high-quality petroleum products. The company’s core offerings include gasoline, diesel, and jet fuel, distinguished by their adherence to stringent quality standards and environmental regulations. Hengyuan's commitment to innovation and sustainability has solidified its market position, making it a trusted name in the industry. With a robust operational framework and a strategic focus on efficiency, Hengyuan continues to contribute to Malaysia's energy landscape while meeting the growing demands of the regional market.
DitchCarbon Score
How does Hengyuan Refining'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 Business Services 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
Hengyuan Refining's score of 21 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hengyuan Refining's reported carbon emissions
In 2023, Hengyuan Refining Company Berhad, headquartered in Malaysia, reported total carbon emissions of approximately 1,104,941,000 kg CO2e. This figure includes 115,953,120 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 988,987,970 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. Comparatively, in 2022, Hengyuan's total emissions were about 1,181,699,000 kg CO2e, with Scope 1 emissions at 133,382,000 kg CO2e and Scope 2 emissions at 1,048,318,000 kg CO2e. This indicates a slight reduction in total emissions year-on-year. Hengyuan Refining has not set specific reduction targets or initiatives as part of its climate commitments, nor has it reported any Science-Based Targets Initiative (SBTi) targets. The company is a current subsidiary of Hengyuan Refining Company Berhad, which may influence its emissions reporting and climate strategies. Overall, while Hengyuan Refining has made strides in emissions reporting, the absence of defined reduction targets highlights an area for potential improvement in its climate strategy.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,234,603,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 4,367,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 1,278,588,000 | - | - | - | - | - |
How Carbon Intensive is Hengyuan Refining's Industry?
How Carbon Intensive is Hengyuan Refining's Location?
Hengyuan Refining'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.
Hengyuan Refining 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.
