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 25 is higher than 58% 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 significant carbon emissions totalling approximately 6,765,417,000 kg CO2e. This figure includes Scope 1 emissions of about 6,765,417,000 kg CO2e, primarily from stationary combustion and fugitive emissions, and Scope 2 emissions of approximately 2,275,000 kg CO2e from purchased electricity. Additionally, Scope 3 emissions were recorded at around 52,001,000 kg CO2e, predominantly from upstream transportation and distribution. Comparatively, in 2023, the company’s emissions were approximately 7,249,428,000 kg CO2e, indicating a slight reduction in total emissions year-on-year. The breakdown for 2023 included Scope 1 emissions of about 7,247,324,000 kg CO2e and Scope 2 emissions of approximately 2,104,000 kg CO2e, with Scope 3 emissions remaining consistent at around 50,092,000 kg CO2e. Hibiscus Petroleum has not set specific reduction targets under the Science Based Targets initiative (SBTi) nor has it made any formal climate pledges. The company’s emissions data is independently reported and does not cascade from any parent organization. Overall, Hibiscus Petroleum's commitment to transparency in emissions reporting reflects its awareness of the industry's climate impact, although further initiatives and targets would enhance its sustainability profile.
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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 |
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.
