Petronas
Petroliam Nasional Berhad, commonly known as Petronas, is a leading Malaysian oil and gas company headquartered in Kuala Lumpur, Malaysia. Established in 1974, Petronas has grown to become a key player in the global energy sector, with significant operations across Asia, the Middle East, and beyond. The company is primarily engaged in the exploration, production, and distribution of oil and gas, alongside petrochemical manufacturing. Petronas is renowned for its innovative technologies and commitment to sustainability, setting it apart in a competitive market. With a strong market position, Petronas has achieved numerous milestones, including being ranked among the Fortune Global 500 companies. Its diverse portfolio of core products and services, coupled with a focus on research and development, underscores its role as a vital contributor to the energy landscape.
DitchCarbon Score
How does Petronas'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 Gas/Diesel Oil 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
Petronas's score of 31 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Petronas's reported carbon emissions
In 2023, Petronas reported significant carbon emissions, totalling approximately 39,210,000,000 kg CO2e for Scope 1 and about 530,000,000 kg CO2e for Scope 2 in Malaysia. Globally, their emissions included around 43,240,000,000 kg CO2e for Scope 1, 830,000,000 kg CO2e for Scope 2, and a substantial 286,690,000,000 kg CO2e for Scope 3, primarily from the use of sold products. Petronas has set ambitious climate commitments, aiming for net zero carbon emissions by 2050, making it the first oil and gas company in Southeast Asia to announce such a target. In the near term, they have pledged to eliminate routine flaring in new field developments and to end routine flaring at existing oil production sites by 2030, addressing both Scope 1 and Scope 2 emissions. These initiatives reflect Petronas's commitment to reducing its carbon footprint and transitioning towards more sustainable practices in the oil and gas sector.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | - | - | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
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.
Petronas 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.
