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 reported significant carbon emissions from its operations in Malaysia, with Scope 1 emissions totalling approximately 190,607,000 kg CO2e and Scope 2 emissions at about 70,971,000 kg CO2e. This data reflects a slight increase in emissions compared to 2022, where Scope 1 emissions were around 181,916,000 kg CO2e and Scope 2 emissions were approximately 74,370,000 kg CO2e. Petron has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. The company has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, which suggests that while they are tracking emissions, they may not yet have formalised commitments to reduce them. The emissions data is not cascaded from any parent organisation, and all figures are directly reported by Petron Corporation. As the company continues to operate in the energy sector, addressing its carbon footprint will be crucial in aligning with global climate goals and enhancing its sustainability profile.
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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.
