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 primarily focuses on the exploration, production, and distribution of gas and diesel oil, offering a diverse range of products that cater to both domestic and international markets.
Petronas is renowned for its commitment to innovation and sustainability, consistently investing in advanced technologies to enhance efficiency and reduce environmental impact. With a strong market position, Petronas has achieved numerous accolades, including recognition for its corporate social responsibility initiatives. As a vital contributor to Malaysia's economy, Petronas continues to shape the future of the energy industry while maintaining its reputation for quality and reliability.
+28 vs industry average
Petronas’s score of 48 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Gas/Diesel Oil is among the most carbon-intensive industries
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 23% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Petronas's reported carbon emissions
PETRONAS Climate Commitments and Emissions Overview
Malaysian integrated oil and gas company PETRONAS has committed to achieving net zero carbon emissions by 2050 (NZCE 2050), a significant ambition for a company in the gas and diesel oil sector. This commitment was first announced in 2020, making PETRONAS the first oil and gas company in Southeast Asia to set such a goal.
In terms of emission reduction initiatives, PETRONAS is working towards a 25% reduction in Group-wide emissions against a 2019 baseline by 2030. This includes specific targets for methane emissions within the natural gas value chain, aiming for a 70% reduction across the PETRONAS Group and a 50% reduction within Malaysia's natural gas value chain. Furthermore, PETRONAS has pledged to end routine flaring at existing oil production sites and avoid routine flaring in new field developments by 2030.
For the year 2024, PETRONAS reported total emissions of approximately 290.5 billion kg CO2e. This figure comprises Scope 1 emissions of about 51 billion kg CO2e, Scope 2 emissions of approximately 1.25 billion kg CO2e (market-based), and Scope 3 emissions, notably from the use of sold products, amounting to approximately 298.2 billion kg CO2e.
In 2023, the company's total emissions were approximately 362.2 billion kg CO2e, including Scope 1 emissions of about 49.1 billion kg CO2e, Scope 2 emissions of approximately 1.41 billion kg CO2e (market-based), and Scope 3 emissions of around 312.1 billion kg CO2e.
Looking at earlier years, 2022 saw total emissions of approximately 341.7 billion kg CO2e, with Scope 1 emissions around 48.9 billion kg CO2e, Scope 2 emissions approximately 1.55 billion kg CO2e (market-based), and Scope 3 emissions at about 292.1 billion kg CO2e. In 2021, total emissions were approximately 323.5 billion kg CO2e, primarily consisting of Scope 1 emissions of about 46.4 billion kg CO2e and Scope 2 emissions of around 0.71 billion kg CO2e. Scope 3 data for purchased goods and services was not available for 2021.
The emissions data for PETRONAS is not cascaded from a parent organisation, with the company itself being the ultimate source of the reported figures.
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Petronas’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Petronas
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