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 90% 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 a GHG intensity of approximately 1.1765 kg CO2e per barrel for Scope 1 emissions related to its refinery and terminal operations. This figure reflects the company's ongoing efforts to monitor and manage its carbon footprint, although specific total emissions data for 2023 is not disclosed. In 2022, the GHG intensity for Scope 1 emissions was slightly lower at about 1.1606 kg CO2e per barrel, indicating a modest improvement in emissions efficiency. In 2021, the GHG intensity was higher at approximately 1.2878 kg CO2e per barrel, suggesting a trend towards reducing emissions intensity over the years. For 2019, Petron disclosed total emissions of approximately 3,502,169,930 kg CO2e for Scope 1 and 73,624,430 kg CO2e for Scope 2, demonstrating significant emissions from its operations. However, there is no available data on Scope 3 emissions. Despite these figures, Petron has not publicly committed to specific reduction targets or initiatives, nor does it appear to have set science-based targets (SBTi) for emissions reduction. The absence of documented reduction initiatives suggests that while the company is tracking its emissions, it may need to enhance its climate commitments to align with industry standards and global climate goals.
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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.
