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 Retail Trade Services 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 30 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Velesto's reported carbon emissions
In 2023, Velesto Energy Berhad, headquartered in Malaysia, reported total carbon emissions of approximately 63,469,000 kg CO2e from Scope 1, 477,000 kg CO2e from Scope 2, and 67,000 kg CO2e from Scope 3 emissions. This reflects a notable increase in Scope 1 emissions compared to 2022, where they recorded about 54,936,000 kg CO2e for Scope 1, 452,000 kg CO2e for Scope 2, and 33,000 kg CO2e for Scope 3. Velesto has not set specific reduction targets or initiatives as part of their climate commitments, nor do they have any SBTi (Science Based Targets initiative) reduction targets. The company has disclosed emissions data for all three scopes, indicating a comprehensive approach to tracking their carbon footprint. The emissions data is not cascaded from any parent organization, and Velesto operates independently in its sustainability efforts. The company continues to monitor and report its emissions, contributing to transparency in its environmental impact.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 53,008,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 181,000 | 000,000 | 000,000 |
| Scope 3 | - | 00,000 | 00,000 |
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 participating in any of the initiatives that 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.
