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 33 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 approximately 458,000 kg CO2e. The company has disclosed emissions data across all three scopes, with Scope 3 emissions recorded at about 50,092,000 kg CO2e. In 2022, the total emissions were approximately 6,490,703,000 kg CO2e, indicating a significant increase in emissions year-on-year. The breakdown for 2022 shows Scope 1 emissions at about 5,629,824,000 kg CO2e, Scope 2 at approximately 2,796,000 kg CO2e, and Scope 3 at around 26,272,000 kg CO2e. Hibiscus Petroleum has not set specific reduction targets or initiatives as per the available data. The company continues to monitor and report its emissions, reflecting its commitment to transparency in its climate impact. The emissions intensity for the company has varied, with the latest figures indicating an intensity of approximately 231,700 kg CO2e per kboe for 2023. Overall, while Hibiscus Petroleum has made strides in emissions reporting, there is currently no indication of formal reduction targets or climate pledges in place.
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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 committed to any reduction initiatives 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.
