SAPURA ENERGY BERHAD

Malaysia | 5218.KL | Main

By Sustify.world AI model | 2025-05-25

Sapura Energy Berhad, an investment holding company, provides integrated energy services and solutions in Malaysia, Australia, Africa, the Americas, the Middle East, Asia, and internationally. It operates through Engineering and Construction, Operations and Maintenance, Drilling, Exploration and Production, and Corporate segments. The company offers engineering, procurement, construction, and commissioning services; provides construction and installation of offshore platforms, submarine pipelines, subsea facilities, umbilicals, risers, and flowlines; transportation and installation services for heavy lift, pipeline installation, jacket launch, float over, and deepwater projects; diving and related underwater works; subsea engineering and construction services; and hook-up and commissioning services. It also explores, produces, and supplies crude oil and natural gas; provides well intervention and decommissioning services; and offers operation and maintenance services comprising topside maintenance, subsea, brownfield rejuvenation, geosurvey and geotechnical, and other services, as well as owns and operates a fleet of offshore support vessels. In addition, the company owns and operates tender assist drilling and semi-tender rigs. Further, the company charters and hires vessels and barges; provides manpower and treasury management services; and offers hydrographic survey, soil investigation, offshore geotechnical, and geophysical services, as well as develops and produces petroleum resources. Additionally, it engages in the development of marine technology and marine chartering activities; and provision of technical consulting services, and subsea and floating systems. The company was formerly known as SapuraKencana Petroleum Berhad and changed its name to Sapura Energy Berhad in March 2017. Sapura Energy Berhad was incorporated in 2011 and is headquartered in Seri Kembangan, Malaysia.

Reference

Report Year: 2024
Source Files:

Sustainability Committee

Sustainability Committee (Unknown pax) 🟢

Governance Structure 🟢

Reporting

Bursa Malaysia, UN SDGs, Integrated Report 🟢

GHG Accounting

Sapura Energy Berhad demonstrates a commitment to aligning with Malaysia's target of a 45% reduction in carbon intensity by 2030. However, the report lacks detailed GHG accounting data, with no specific figures for Scope 1, 2, or 3 emissions. Key elements such as base year, boundary, GWP basis, and verification status are absent, limiting transparency. While efforts to enhance GHG reporting are mentioned, the absence of measurable data hinders assessment of progress. A strength is the focus on operational efficiency and waste mitigation, but improvements are needed in providing quantifiable emission metrics, adopting a recognized standard like GHG Protocol, and seeking third-party verification to enhance credibility.

Emissions

Scope	Value	Note
Scope1	Not reported ⚠️	No specific data on Scope 1 emissions provided.
Scope2	Not reported ⚠️	No specific data on Scope 2 emissions provided.
Scope3	Not reported ⚠️	No specific data on Scope 3 emissions provided.
Biogenic emissions	Not applicable →	No biomass or biofuel usage reported.

Other Details

Base year: Not specified ⚠️
Boundary inventory: Not specified ⚠️
Gwp basis: Not specified ⚠️
Standard: Not specified ⚠️
Carbon intensity: Not reported ⚠️

Efforts

Operational efficiency 🟢
Waste mitigation hierarchy 🟢
Renewable energy projects 🌞
Artificial reefs initiative 🌱

Social Highlights

320 students trained 🟢
MoC for local workforce 🟢
Vocational training partnerships 🟢
Limited data available ⚠️
Limited data available ⚠️

Governance

Salary disclosure: Can't find ⚠️
Litigation: Can't find ⚠️

Report Quality

Commendable initiative by Sapura Energy Berhad in integrating sustainability into their 2024 Annual Report 🟢. The report highlights a clear intent to align with national climate goals and includes participation in renewable energy projects. However, it falls short on quantifiable actions and measurable outcomes, particularly in GHG emissions data, with no specific figures for Scope 1, 2, or 3 ⚠️. While forward-looking commitments like supporting Malaysia’s carbon intensity reduction target are noted, they lack detailed plans or timelines. Generic statements such as 'minimizing environmental footprint' are present but unsupported by evidence. To improve, the company should incorporate specific metrics, adopt recognized reporting standards, and pursue third-party verification for credibility. Enhancing detail on social and governance impacts would also strengthen the report’s depth and transparency.

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