PTT Exploration and Production Public Company Limited Sustainability Profile
PTT Exploration and Production Public Company Limited, commonly known as PTTEP, is a leading Thai oil and gas exploration and production company headquartered in Thailand. Established in 1985, PTTEP has grown to become a significant player in the energy sector, with operations spanning across Southeast Asia, the Middle East, and Africa. Specialising in the exploration and production of petroleum resources, PTTEP is committed to sustainable practices and innovative technologies. The company’s core services include oil and gas exploration, development, and production, with a focus on maximising resource recovery while minimising environmental impact. With a strong market position, PTTEP has achieved notable milestones, including successful offshore projects and strategic partnerships that enhance its operational capabilities. As a subsidiary of PTT Public Company Limited, PTTEP continues to contribute to Thailand's energy security and economic growth.
DitchCarbon Score
How does PTT Exploration and Production Public Company Limited'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 Crude Oil Extraction 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
PTT Exploration and Production Public Company Limited's score of 27 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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PTT Exploration and Production Public Company Limited's reported carbon emissions
In 2023, PTT Exploration and Production Public Company Limited (PTTEP) reported carbon emissions of approximately 6,744 kg CO2e, representing Scope 1 emissions only. This marks an increase from 2022, where emissions were about 5,711 kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, aligning with Thailand's goals for carbon neutrality by 2050 and achieving net-zero greenhouse gas emissions by 2065, as part of its participation in the UN Climate Change Conference of the Parties (COP26). PTTEP has set specific reduction targets, aiming to decrease greenhouse gas emissions intensity from its exploration and production activities by at least 25% by 2030, using 2012 as the base year. This target encompasses both Scope 1 and Scope 2 emissions. The company is actively working towards these commitments, which are part of its broader strategy to combat climate change and support sustainable development goals. The emissions data for PTTEP is cascaded from its parent company, PTT Public Company Limited, reflecting the corporate family's overall climate strategy. As a current subsidiary, PTTEP's initiatives are aligned with the parent company's sustainability objectives, ensuring a cohesive approach to environmental stewardship.
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| 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 4,048,528,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 1,830,000 | - | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 12,470,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is PTT Exploration and Production Public Company Limited's Industry?
How Carbon Intensive is PTT Exploration and Production Public Company Limited's Location?
PTT Exploration and Production Public Company Limited'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.
PTT Exploration and Production Public Company Limited has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
