Velesto
Velesto Energy Berhad, commonly known as Velesto, is a prominent player in the oil and gas industry, headquartered in Malaysia. Established in 2017, the company has rapidly evolved, focusing on providing integrated drilling solutions and services across Southeast Asia and beyond. Specialising in jack-up drilling rigs, Velesto distinguishes itself through its commitment to safety, efficiency, and technological innovation. The company has achieved significant milestones, including the successful deployment of advanced drilling technologies that enhance operational performance. With a strong market position, Velesto has garnered recognition for its reliability and expertise, making it a preferred partner for major oil and gas operators. As it continues to expand its footprint, Velesto remains dedicated to delivering exceptional value in the energy sector.
DitchCarbon Score
How does Velesto'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 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
Velesto's score of 21 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Velesto's reported carbon emissions
In 2023, Velesto, headquartered in Malaysia, reported total carbon emissions of approximately 63,469,000 kg CO2e for Scope 1, 477,000 kg CO2e for Scope 2, and 67,000 kg CO2e for Scope 3. This data highlights the company's ongoing commitment to monitoring and managing its carbon footprint across various scopes of emissions. Looking back at previous years, Velesto's emissions were significantly higher, with total emissions of about 1,461,000 kg CO2e in 2017, 1,432,000 kg CO2e in 2018, and 1,311,000 kg CO2e in 2019. The substantial reduction in emissions from 2019 to 2023 indicates a positive trend towards lowering their environmental impact. Despite the lack of specific reduction targets or climate pledges, Velesto's focus on reducing emissions demonstrates an awareness of the industry's need for sustainable practices. The company is positioned within the mineral fuels and oils sector, which is under increasing scrutiny for its environmental impact, making their efforts to manage emissions particularly relevant in today's climate context.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2023 | |
|---|---|
| Scope 1 | 63,469,000 |
| Scope 2 | 477,000 |
| Scope 3 | 67,000 |
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.
Velesto 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.
