- Oil price fluctuation risks.
- Safety risks associated with flammable fuel oils.
- Financial risks (though mitigated by high financial liquidity and low debt-to-equity ratio).
- Cyber risks.
- Risks from pandemics.
- Risks from energy innovation transformation (e.g., electric vehicles affecting oil demand).
- Risks of uncertain returns on investment for shareholders.
- Risk from dividend affordability below investors’ expectations.
SUSCO Public Company Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, SUSCO Public Company Limited disclosed greenhouse gas emissions of 8.6K tCO2e/year (2023 head office and 54 petrol stations). By scope: Scope 1: 883 tCO2e/year (2023); Scope 2: 3.6K tCO2e/year (2023); Scope 3: 4.1K tCO2e/year (2023). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
8.6K tCO2e/year (2023 head office and 54 petrol stations)
2023
Energy Use
1.5 MWh/year (from solar panels on 35 petrol stations)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 883 tCO2e/year (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.6K tCO2e/year (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 4.1K tCO2e/year (2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Installed solar panels on the rooftops of 35 petrol stations and is in the process of installing another 15 locations, increasing the proportion of rental income from non-oil businesses.
- Reduced greenhouse gas emissions (Scope 1: 883 tons, Scope 2: 3,563 tons, Scope 3: 4,144 tons in 2023; data for 2022 and 2021 are also provided but for a smaller scope).
- Implemented energy conservation measures, such as turning off lights and air conditioners during lunch breaks and half an hour before the end of working hours, and saving paper usage.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase sales volume in 2024 by approximately 10% from 2023.
- Expand service stations to 300 within 2 years.
🌱 ESG Focus Areas
EnvironmentSocialGovernance