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.
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.
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.
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.
In 2024, Hibiscus Petroleum, headquartered in Malaysia (MY), reported total carbon emissions of approximately 6,767,692,000 kg CO2e. This figure includes Scope 1 emissions of about 6,765,417,000 kg CO2e, which encompasses stationary combustion emissions of approximately 345,963,000 kg CO2e and fugitive emissions of about 1,411,000 kg CO2e. Scope 2 emissions from purchased electricity were reported at approximately 2,275,000 kg CO2e. Additionally, Scope 3 emissions totalled around 52,001,000 kg CO2e, primarily from upstream transportation and distribution. Comparatively, in 2023, the company recorded total emissions of about 7,250,028,000 kg CO2e, with Scope 1 emissions at approximately 7,247,924,000 kg CO2e and Scope 2 emissions at about 2,104,000 kg CO2e. Scope 3 emissions for that year were around 50,092,000 kg CO2e. Hibiscus Petroleum has not set specific reduction targets or initiatives as part of its climate commitments, nor does it participate in the Science Based Targets initiative (SBTi). The company’s emissions data is independently reported and does not cascade from any parent organization. Overall, Hibiscus Petroleum's emissions reflect its operational scale and the challenges faced in reducing carbon footprints within the oil and gas sector.
Access structured emissions data, company-specific emission factors, and source documents
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 |
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.