Palawan55 Exploration & Production Corporation Sustainability Profile
Palawan55 Exploration & Production Corporation, commonly referred to as Palawan55, is a prominent player in the oil and gas industry, headquartered in the Philippines. Established in 2007, the company has made significant strides in exploration and production, primarily focusing on the Palawan region, which is rich in hydrocarbon resources. Specialising in the exploration of oil and natural gas, Palawan55 is recognised for its commitment to sustainable practices and innovative technologies. The company’s core services include geological surveys, drilling operations, and resource development, setting it apart in a competitive market. With a strong emphasis on environmental stewardship, Palawan55 has achieved notable milestones, positioning itself as a leader in the Philippine energy sector.
DitchCarbon Score
How does Palawan55 Exploration & Production Corporation'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 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
Palawan55 Exploration & Production Corporation's score of 17 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Palawan55 Exploration & Production Corporation, headquartered in the Philippines, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company is a current subsidiary of Acen Corporation, which may influence its climate commitments and reporting practices. As of now, Palawan55 has not established any documented reduction targets or climate pledges. The absence of specific initiatives or commitments suggests that the company is still in the early stages of developing a comprehensive climate strategy. Given its relationship with Acen Corporation, emissions data and climate performance metrics may be inherited from this parent company. Acen Corporation's climate initiatives could provide a framework for Palawan55's future commitments, although specific details on these initiatives are not disclosed in the current data. In summary, while Palawan55 Exploration & Production Corporation has not yet reported emissions or set reduction targets, its affiliation with Acen Corporation may play a crucial role in shaping its future climate commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,057,138,930 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 2 | 16,245,320 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Palawan55 Exploration & Production Corporation's Industry?
How Carbon Intensive is Palawan55 Exploration & Production Corporation's Location?
Palawan55 Exploration & Production Corporation's Scope 3 Categories Breakdown
Palawan55 Exploration & Production Corporation's Scope 3 emissions, which increased by 20% last year and decreased by approximately 40% since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 1% of Scope 3 emissions.
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Palawan55 Exploration & Production Corporation'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.
Palawan55 Exploration & Production Corporation 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.
