Vietnam Oil and Gas Group Sustainability Profile
Vietnam Oil and Gas Group, commonly known as PetroVietnam, is a leading state-owned enterprise headquartered in Hanoi, Vietnam. Established in 1975, the company has played a pivotal role in the development of Vietnam's oil and gas industry, with significant operations across the South China Sea and various onshore regions. Specialising in exploration, production, refining, and distribution of oil and gas, PetroVietnam is renowned for its commitment to sustainable energy practices and technological innovation. The company’s core services include upstream exploration and production, downstream refining, and gas processing, setting it apart in a competitive market. With a strong market position, PetroVietnam has achieved numerous milestones, including significant contributions to national energy security and economic growth. Its dedication to quality and efficiency has solidified its reputation as a key player in the Southeast Asian energy sector.
DitchCarbon Score
How does Vietnam Oil and Gas Group'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 Natural Gas Liquids 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
Vietnam Oil and Gas Group's score of 5 is lower than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vietnam Oil and Gas Group's reported carbon emissions
In 2024, the Vietnam Oil and Gas Group reported total carbon emissions of approximately 921,870 kg CO2e, a slight increase from about 866,310 kg CO2e in 2023. These figures encompass Scope 1 and Scope 2 emissions, indicating the direct and indirect emissions associated with their operations. Despite the increase in emissions, the organisation has not disclosed any specific reduction targets or initiatives aimed at mitigating their carbon footprint. There are currently no commitments to the Science Based Targets initiative (SBTi) or other climate pledges, suggesting a lack of formalised strategies for emissions reduction. The emissions data is not cascaded from any parent organisation, indicating that the Vietnam Oil and Gas Group operates independently in its reporting. As the company continues to navigate the complexities of climate commitments, further transparency and strategic planning may be essential for aligning with global climate goals.
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How Carbon Intensive is Vietnam Oil and Gas Group's Industry?
How Carbon Intensive is Vietnam Oil and Gas Group's Location?
Vietnam Oil and Gas Group'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.
Vietnam Oil and Gas Group 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.
