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 18 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Petronas's reported carbon emissions
In 2023, Petronas reported total carbon emissions of approximately 43,240,000,000 kg CO2e for Scope 1 and 830,000,000 kg CO2e for Scope 2 globally. In Malaysia, the company recorded emissions of about 39,210,000,000 kg CO2e for Scope 1 and 530,000,000 kg CO2e for Scope 2. Notably, Petronas has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or any formal climate pledges. Historically, Petronas has made strides in reducing greenhouse gas emissions, including a reported reduction of about 1,291 tonnes CO2e from solar energy initiatives. However, the absence of defined reduction targets suggests a need for enhanced commitment to climate action. The company continues to operate within a challenging industry context, where emissions from downstream transportation and distribution have been significant, with figures reaching approximately 15,170,000,000 kg CO2e in 2013 and 13,590,000,000 kg CO2e in 2014. Overall, while Petronas has made some progress in emissions reduction, the lack of specific targets and comprehensive climate commitments indicates an area for potential improvement in their sustainability strategy.
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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 committed to any reduction initiatives 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.
