Hibiscus Petroleum Sustainability Profile
Hibiscus Petroleum Berhad, a prominent player in the oil and gas industry, is headquartered in Malaysia (MY) and operates primarily in Southeast Asia and the United Kingdom. Founded in 2007, the company has achieved significant milestones, including successful exploration and production ventures that underscore its commitment to sustainable energy solutions. Specialising in upstream oil and gas activities, Hibiscus Petroleum focuses on exploration, development, and production of hydrocarbons. Its unique approach combines innovative technology with a strong emphasis on environmental stewardship, setting it apart in a competitive market. The company has established a solid market position, recognised for its operational efficiency and strategic partnerships, which enhance its growth potential in the energy sector.
DitchCarbon Score
How does Hibiscus Petroleum'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
Hibiscus Petroleum's score of 25 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hibiscus Petroleum's reported carbon emissions
In 2024, Hibiscus Petroleum, headquartered in Malaysia (MY), reported total carbon emissions of approximately 6,765,417,000 kg CO2e. This figure includes Scope 1 emissions of about 6,765,417,000 kg CO2e, which encompasses mobile combustion (about 123,841,000 kg CO2e), fugitive emissions (approximately 1,411,000 kg CO2e), and stationary combustion (around 3,459,630,000 kg CO2e). Additionally, the company recorded Scope 2 emissions from purchased electricity at about 2,275,000 kg CO2e and Scope 3 emissions, primarily from upstream transportation and distribution, at approximately 52,001,000 kg CO2e. Comparatively, in 2023, Hibiscus Petroleum's total emissions were about 7,249,428,000 kg CO2e, with Scope 1 emissions at approximately 7,247,324,000 kg CO2e, Scope 2 emissions at about 2,104,000 kg CO2e, and Scope 3 emissions also at around 50,092,000 kg CO2e. This indicates a reduction in total emissions from 2023 to 2024. Despite these figures, Hibiscus Petroleum has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The company has not disclosed any significant climate commitments or reduction initiatives, which places it in a context where many industry peers are actively pursuing measurable climate goals. Overall, while Hibiscus Petroleum has made strides in reporting its emissions, the absence of defined reduction targets highlights an area for potential improvement in its climate strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 533,325,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 1,683,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Hibiscus Petroleum's Industry?
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Hibiscus Petroleum's Scope 3 Categories Breakdown
Hibiscus Petroleum's Scope 3 emissions, which increased by 4% last year and increased by approximately 98% since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 1% of total emissions under the GHG Protocol, with "Upstream Transportation & Distribution" representing nearly all of their reported Scope 3 footprint.
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Hibiscus Petroleum'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.
Hibiscus Petroleum 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.
