PETRA ENERGY BERHAD
Malaysia | 5133.KL | Main
Reference
Report Year: 2023
Source Files: Annual_Report_2023_(Part_1).pdf, Annual_Report_2023_(Part_2).pdf
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Formalized ESG Framework 🟢
- Board Oversight 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
PETRA Energy Berhad demonstrates a foundational approach to GHG accounting by reporting Scope 1 (31,121 tCO₂e) and Scope 2 (345 tCO₂e) emissions for 2023. This transparency is a positive step, reflecting efforts to track direct and indirect emissions from operations. However, Scope 3 emissions are not reported, limiting the completeness of their carbon footprint assessment. Additionally, key details such as base year, GWP basis, and third-party verification are missing, which reduces the credibility and comparability of the data. The company acknowledges challenges in monitoring sustainability performance and expresses intent to improve. To strengthen reporting, PETRA should include Scope 3 data, establish a clear base year, adopt a recognized standard like GHG Protocol, and pursue third-party verification for enhanced reliability.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 31,121 tCO₂e 🟢 | |
| Scope2 | 345 tCO₂e 🟢 | |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not disclosed in 2023 report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Operational control 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Scope 1 reduced by ~3% 🟢
- 133 MT waste managed 🟢
- Baseline data verification 🌞
- Not reported ⚠️
Social Highlights
- 19 engineers recruited 🟢
- RM 733,947 donated 🥗
- 37 beneficiaries 🥗
- 10,485 training hours 🟢
- Limited data available ⚠️ (Additional social impact metrics not reported.)
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable initial steps are evident in PETRA Energy Berhad’s 2023 Sustainability Report, with a clear ESG Framework and quantifiable data on Scope 1 and 2 emissions 🟢. The report also includes measurable social outcomes, such as training hours (10,485) and community contributions (RM 733,947), which add credibility to their efforts. However, there are notable gaps ⚠️, including the absence of Scope 3 emissions, third-party verification, and forward-looking commitments like net-zero targets. Some statements, such as 'sincere intent to innovate,' remain vague without specific timelines or metrics to support them. To enhance future reports, PETRA should incorporate comprehensive GHG data, pursue external assurance for emissions reporting, and outline clear, measurable sustainability goals. This would transform a solid foundation into a more robust and actionable sustainability narrative, aligning with industry best practices.
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