- Global inflation, strained consumer and business budgets, currency devaluation in emerging markets.
- Weaker global demand for bitumen due to reduced government spending.
- Shortage of foreign exchange in Papua New Guinea impacting fuel supply.
- Political instability and economic growth deceleration in some Latin American countries.
- Lack of sufficient foreign exchange supply in Papua New Guinea.
- High interest rates, inflation, and FX volatility impacting aviation business.
Puma Energy Holdings Pte Ltd
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Puma Energy Holdings Pte Ltd disclosed greenhouse gas emissions of 50.9M tCO2e/year. By scope: Scope 1: 157.2K tCO2e/year; Scope 2: 21.6K tCO2e/year; Scope 3: 50.7M tCO2e/year. 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
50.9M tCO2e/year
2023
Water Usage
793.9K m3/year (estimate for high-risk sites)
2023
Energy Use
773.1K MWh/year
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). | 157.2K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 21.6K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 50.7M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 50.9M tCO2e/year |
| 2022 | 57.3M tCO2e/year (Scope 1 2 and 3) |
| 2021 | 248.2K Mt CO2e/year (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 1 and 2 emissions to 178,818 tCO2e through mitigation efforts and lower operational footprint.
- Solarised 300 Puma Energy-branded retail stations.
- Installed 684 solar panels at Napa Napa Refinery, Papua New Guinea, delivering 300 kW of solar power.
- Developed award-winning CarbonBind® bitumen, reducing carbon footprint by capturing carbon from the atmosphere.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce operational (Scope 1 and 2) GHG emissions by 15% by 2025.
- Achieve zero significant spills (above 8,000 liters).
📅 Medium-term
- Reduce operational (Scope 1 and 2) GHG emissions by 35% by 2032.
- Achieve 30% of EBITDA in Africa from low-carbon fuels and renewable energy by 2027.
- Increase LPG cylinders in Africa by one million by 2027.
🔭 Long-term
- Achieve operational net-zero emissions by 2050.
🌱 ESG Focus Areas
Climate ChangeEnergy TransitionRoad SafetyCommunity DevelopmentEmployee WellbeingGovernanceSupply Chain SustainabilityHuman Rights