GlobalData offers a comprehensive analysis of Petronas Gas, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Petronas Gas‘s ESG performance. GlobalData’s company profile on Petronas Gas offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Petronas Gas, a leading energy company, is committed to achieving net-zero carbon dioxide equivalent (CO2e) emissions by 2050. The company recognizes the importance of responsible energy solutions and aims to ensure business sustainability through efficient management of pollution, waste, and water. Petronas Gas's net-zero targets demonstrate its dedication to reducing greenhouse gas (GHG) emissions across its operations.
In 2022, the company’s GHG emissions reported scope 1 was 5,857,870 tCO2e and scope 2 was 49,697 tCO2e. The PGB GHG Emissions (Excluding Exported Energy) witnessed a reduction of 0.08 million tCO2e compared to the 2021 value, reflecting the successful efforts implemented within PGB. It is important to note that the company is committed to achieving net-zero emissions, indicating a significant reduction in its carbon footprint. By setting ambitious targets, Petronas Gas aims to contribute to global efforts in combating climate change.
The PETRONAS Group has established a GHG emissions limit of 49.5 million metric tonnes of carbon dioxide equivalent (tCO2e) by 2024 for Scope 1 and 2 emissions. In 2022, PGB emitted a total of 4.70 million tCO2e (Scope 1 and Scope 2 combined), remaining within the target cap of 5 million tCO2e (compared to 2021's 4.78 million tCO2e). Petronas Gas has already taken steps towards emission reduction and is expected to continue its efforts in the future. The company's commitment to net-zero emissions implies the implementation of various strategies to reduce its carbon footprint. These strategies may include investing in cleaner technologies, improving energy efficiency, and exploring renewable energy sources. It can be inferred that Petronas Gas is actively working towards achieving its emission reduction goals.
In conclusion, Petronas Gas is dedicated to achieving net-zero CO2e emissions by 2050 and ensuring business sustainability through responsible energy solutions. The company's commitment to net-zero emissions highlights its proactive approach towards addressing climate change. By striving to reduce its carbon footprint and efficiently managing pollution, waste, and water, Petronas Gas aims to contribute to a more sustainable future.