PetroEnergy Resources Corporation Sustainability Profile
PetroEnergy Resources Corporation, commonly referred to as PetroEnergy, is a leading player in the Philippine energy sector, headquartered in Makati City, Philippines. Established in 1994, the company has made significant strides in renewable energy and oil exploration, focusing on geothermal energy, solar power, and oil and gas production. With operational regions spanning across the Philippines, PetroEnergy is committed to sustainable energy solutions, offering unique services that harness the country's rich natural resources. The company has achieved notable milestones, including the successful development of geothermal power plants, positioning itself as a key contributor to the nation’s energy landscape. Recognised for its innovative approach and commitment to environmental stewardship, PetroEnergy continues to strengthen its market position in the evolving energy industry.
DitchCarbon Score
How does PetroEnergy Resources 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 Crude Oil Extraction 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
PetroEnergy Resources Corporation's score of 0 is lower than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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PetroEnergy Resources 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 has not established any documented reduction targets or climate pledges, which suggests a lack of formal commitments to reducing greenhouse gas emissions at this time. As a current subsidiary, PetroEnergy Resources Corporation's climate initiatives and emissions data may be influenced by its corporate family relationships. However, no specific cascading data from parent organisations or industry standards such as SBTi (Science Based Targets initiative) or CDP (Carbon Disclosure Project) has been provided. In the context of the energy sector, it is essential for companies like PetroEnergy to develop and communicate clear climate commitments and reduction strategies to align with global sustainability goals. Without specific emissions data or reduction initiatives, the company may face challenges in demonstrating its commitment to addressing climate change and reducing its carbon footprint.
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| 2023 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 9,574,000 |
| Scope 3 | - |
How Carbon Intensive is PetroEnergy Resources Corporation's Industry?
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PetroEnergy Resources 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.
PetroEnergy Resources 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.
