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 25 is higher than 81% 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, comprising Scope 1 emissions. The company has shown a commitment to reducing its carbon footprint, with emissions decreasing from about 1,461,000 kg CO2e in 2017 to 1,311,000 kg CO2e in 2019, and further down to 1,310,000 kg CO2e in 2020. Velesto's emissions profile includes significant Scope 1 emissions, which accounted for 63,469,000 kg CO2e in 2023, while Scope 2 emissions were approximately 477,000 kg CO2e, and Scope 3 emissions were about 67,000 kg CO2e. Despite these figures, the company has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. Overall, Velesto's emissions data reflects a trend of decreasing emissions over the years, highlighting its ongoing efforts to address climate change within the energy sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 60,050,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 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 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.
