Petronas

Petronas's reported carbon emissions

Here's an SEO-optimized summary of PETRONAS's carbon emissions and climate commitments: **PETRONAS Climate Commitments and Emissions Performance** PETRONAS, a global energy and solutions company headquartered in Malaysia, is actively engaged in reducing its greenhouse gas (GHG) emissions. The company has announced a long-term aspiration to achieve net zero carbon emissions by 2050 (NZCE 2050), positioning itself as a pioneer in the Southeast Asian oil and gas sector. **Emissions Data** * **2024:** PETRONAS reported approximately 79.2 billion kg CO2e in total emissions. This figure comprises roughly 51 billion kg CO2e for Scope 1, about 1.25 billion kg CO2e for Scope 2 (market-based), and approximately 298 billion kg CO2e for Scope 3 emissions from the use of sold products. Scope 3 emissions from purchased goods and services amounted to about 23.9 billion kg CO2e. * **2023:** Total emissions for 2023 were approximately 80.9 billion kg CO2e. Scope 1 emissions stood at about 49.1 billion kg CO2e, with Scope 2 (market-based) at approximately 1.41 billion kg CO2e. Scope 3 emissions from the use of sold products were around 312 billion kg CO2e, and from purchased goods and services, about 31.1 billion kg CO2e. * **2022:** Total emissions reached approximately 71.1 billion kg CO2e. Scope 1 emissions were about 48.9 billion kg CO2e, and Scope 2 emissions were approximately 1.96 billion kg CO2e. Scope 3 emissions from the use of sold products accounted for approximately 307.6 billion kg CO2e. Data for purchased goods and services under Scope 3 was missing for this year. * **2021:** Total emissions were approximately 74.1 billion kg CO2e, with Scope 1 emissions at about 46.4 billion kg CO2e and Scope 2 at approximately 0.71 billion kg CO2e. Scope 3 emissions from the use of sold products were around 277 billion kg CO2e. Data for purchased goods and services under Scope 3 was missing. * **2020:** Total emissions were approximately 77.4 billion kg CO2e, including about 49.8 billion kg CO2e for Scope 1 and 0.91 billion kg CO2e for Scope 2. Scope 3 emissions from the use of sold products were approximately 282.4 billion kg CO2e. Data for purchased goods and services under Scope 3 was missing. * **2019:** Total emissions were approximately 92.0 billion kg CO2e, comprising about 55.5 billion kg CO2e for Scope 1 and 1.01 billion kg CO2e for Scope 2. Scope 3 emissions from the use of sold products were approximately 315.9 billion kg CO2e. Data for purchased goods and services under Scope 3 was missing. * **2018:** Scope 1 and 2 emissions totalled approximately 51.6 billion kg CO2e, with Scope 1 at about 49.7 billion kg CO2e and Scope 2 at approximately 1.96 billion kg CO2e. Scope 3 data was not disclosed for this year. * **2017:** Scope 1 and 2 emissions were reported at approximately 56.5 billion kg CO2e. Scope 1 and Scope 3 data were not fully disclosed for this year. * **2016:** Scope 1 and 2 emissions totalled approximately 48.2 billion kg CO2e. Scope 1 and Scope 3 data were not fully disclosed for this year. * **2015:** Scope 1 and 2 emissions were approximately 50.5 billion kg CO2e. Scope 1 and Scope 3 data were not fully disclosed for this year. * **2014:** Scope 1 and 2 emissions were approximately 48.9 billion kg CO2e. Scope 1 and Scope 3 data were not fully disclosed for this year. * **2013:** Scope 1 and 2 emissions were approximately 52.6 billion kg CO2e. Scope 1 and Scope 3 data were not fully disclosed for this year. * **2012:** Total emissions were approximately 49.8 billion kg CO2e. Scope 1, 2, and 3 data were not fully disclosed for this year. **Reduction Targets and Initiatives** PETRONAS has set several key climate targets: * **Net Zero Carbon Emissions by 2050 (NZCE 2050):** An overarching long-term goal to achieve net zero emissions across all scopes. * **25% Reduction in Groupwide Emissions by 2030:** Against a 2019 baseline, PETRONAS aims for a 25% reduction in groupwide emissions. * **70% Reduction in Methane Emissions by 2030:** Specifically targeting a 70% reduction in methane emissions from PETRONAS's global natural gas value chain by 2030. * **50% Reduction in Methane Emissions by 2030:** A focused target to reduce methane emissions from Malaysia's natural gas value chain by 50% by 2030. * **End Routine Flaring by 2030:** Pledging to avoid routine flaring in new field developments and cease routine flaring at existing oil production sites by 2030. PETRONAS is committed to its climate action plan, aligning its operations with global sustainability efforts within the Gas/Diesel Oil industry.