Hibiscus Petroleum
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 35 is higher than 95% 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 2023, Hibiscus Petroleum reported total carbon emissions of approximately 7,249,428,000 kg CO2e, with Scope 1 emissions accounting for about 6,603,734,000 kg CO2e, and Scope 2 emissions at around 458,000 kg CO2e. The company also recorded Scope 3 emissions of about 50,092,000 kg CO2e. This marked a significant increase in emissions compared to previous years, reflecting the challenges faced in reducing carbon output amidst growing operational demands. In 2022, the total emissions were approximately 6,490,703,000 kg CO2e, with Scope 1 emissions at about 5,629,824,000 kg CO2e and Scope 2 at around 2,796,000 kg CO2e. The company has disclosed emissions data across all three scopes, indicating a commitment to transparency in its environmental impact. Despite the rising emissions, Hibiscus Petroleum has not set specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction strategies suggests a need for the company to develop and implement actionable plans to address its carbon footprint effectively. Overall, Hibiscus Petroleum's emissions data highlights the importance of establishing clear climate goals and reduction initiatives to align with global sustainability efforts, particularly in the petroleum industry.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 533,325,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 1,683,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
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.
Hibiscus Petroleum 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.
