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 17 is lower than 83% 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 reported total carbon emissions of approximately 190,607,000 kg CO2e for Scope 1 and about 70,971,000 kg CO2e for Scope 2, specifically within Malaysia. This reflects a commitment to transparency in their emissions reporting, although no Scope 3 emissions data has been disclosed. Comparatively, in 2022, the company recorded Scope 1 emissions of about 181,916,000 kg CO2e and Scope 2 emissions of approximately 74,370,000 kg CO2e in Malaysia. This indicates a slight increase in Scope 1 emissions year-on-year, while Scope 2 emissions have decreased. Petron has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. The company’s emissions data is not cascaded from any parent organization, ensuring that the reported figures are solely from Petron Corporation. Overall, while Petron Corporation has made strides in emissions reporting, the absence of reduction targets highlights the need for enhanced climate commitments in the face of global climate challenges.
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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.
