Petron Malaysia Refining & Marketing Bhd

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2021, 2019, 2017, 2012

In its 2023 reporting, Petron Malaysia Refining & Marketing Bhd disclosed greenhouse gas emissions of 252.5 ktCO2e. By scope: Scope 1: 190.6K tonnes CO2e; Scope 2: 71.0K tonnes CO2e. 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
252.5 ktCO2e
2023
⚡
Renewable Energy
3% of total materials used
of total energy
💧
Water Usage
175 ML
2023
♻️
Waste
482 tonnes
2023
⚙️
Energy Use
3.5M GJ
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).190.6K tonnes CO2e
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.71.0K tonnes CO2e

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
2023252.5 ktCO2e
2021146.8 ktCO2eq (Scope 1 & 2)
201725.78 kilotonnes (Indirect GHG emission from purchased electricity)
2012136.9K tCO2e/year (2012)

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Reduce GHG emissions intensity by 4% (Scope 1 & 2) by 2025
  • Reduce water consumption intensity by 2% by 2025
  • Reduce hazardous waste disposal intensity by 2% by 2025
  • Increase average training hours to 32 hours (Management) and 15 hours (Non-Management) by 2025
  • Increase number of employees with sustainability training to 50% by 2025

🔭 Long-term

  • Net zero emissions by 2050

🌱 ESG Focus Areas

Advancing ethical business growthProtecting the environment and natureFostering societal well-being

⚠️ Challenges & Risks +

  • Climate change risks (transition and physical risks)
  • Supply chain disruptions
  • Water scarcity
  • Natural resource depletion
  • Biodiversity loss
  • Ethical challenges in supply chain
  • Data breaches
  • Maintaining a safe working environment

📋 Report Information

Reporting Period: 2023
Frameworks: GRI Standards, GRI 11: Oil and Gas Sector 2021, Bursa Malaysia Sustainability Reporting Guide (3rd Edition), Malaysian Code on Corporate Governance (MCCG) 2021, United Nations Sustainable Development Goals (UN SDGs), Task Force on Climate-related Financial Disclosures (TCFD)
Assurance: Internal review by Petron Corporation’s Internal Audit