Petronas Sustainability Profile
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 51 is higher than 84% 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 2024, Petronas reported significant carbon emissions, with total emissions of approximately 46,040,000,000 kg CO2e from Scope 1 and 500,000,000 kg CO2e from Scope 2, resulting in a combined total of about 46,550,000,000 kg CO2e for these scopes. The company 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. Additionally, Petronas has 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. For the year 2023, Petronas's global emissions included approximately 49,090,000,000 kg CO2e from Scope 1 and 690,000,000 kg CO2e from Scope 2, with a total of about 49,780,000,000 kg CO2e for these scopes. The company has not disclosed Scope 3 emissions data for its Malaysian operations, which limits the overall understanding of its full carbon footprint. Petronas's climate initiatives are supported by its commitment to transparency and sustainability, as outlined in its Integrated Reports. The company continues to work towards reducing its carbon emissions while maintaining its operational efficiency and revenue growth.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 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 | 0,000,000,000 | 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 | 000,000,000,000 |
How Carbon Intensive is Petronas's Industry?
How Carbon Intensive is Petronas's Location?
Petronas's Scope 3 Categories Breakdown
Petronas's Scope 3 emissions, which decreased by 6% last year and increased by approximately 2% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 93% of Scope 3 emissions.
Top Scope 3 Categories
Petronas's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Petronas has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
