Petron Corporation
Petron Corporation, a leading player in the oil and gas industry, is headquartered in the Philippines (PH) and operates extensively across Southeast Asia. Founded in 1933, Petron has established itself as a key provider of petroleum products and services, catering to both retail and industrial sectors. The company’s core offerings include fuels, lubricants, and petrochemical products, distinguished by their commitment to quality and innovation. Petron's extensive network of service stations and refineries positions it as a market leader, serving millions of customers daily. With a rich history marked by significant milestones, Petron continues to enhance its market position through sustainable practices and technological advancements, solidifying its reputation as a trusted name in the energy sector.
DitchCarbon Score
How does Petron 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 Motor Vehicle Retail Services 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
Petron Corporation's score of 14 is lower than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Petron Corporation's reported carbon emissions
In 2023, Petron Corporation, headquartered in the Philippines, reported significant carbon emissions data, although specific figures for total emissions were not disclosed. The company has provided GHG intensity metrics for its operations, with a Scope 1 GHG intensity of approximately 1.1765 kg CO2e per barrel for its refinery and terminal operations. This figure reflects the emissions associated with the direct combustion of fossil fuels and other processes within the company. Looking back at 2019, Petron's emissions included about 3,502,169,930 kg CO2e from Scope 1 and approximately 73,624,430 kg CO2e from Scope 2, indicating a substantial carbon footprint primarily from direct operations and energy consumption. However, there is no available data for Scope 3 emissions, which typically encompass indirect emissions from the value chain. Despite the lack of specific reduction targets or commitments, Petron Corporation has not reported any initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. This absence of formal commitments suggests that while the company is aware of its emissions profile, it may not yet have established clear pathways for significant reductions. Overall, Petron Corporation's emissions data highlights the need for enhanced transparency and commitment to climate action, particularly in the context of the global push for sustainability in the energy sector.
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| 2019 | |
|---|---|
| Scope 1 | 3,502,169,930 |
| Scope 2 | 73,624,430 |
| Scope 3 | - |
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.
Petron Corporation 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.
