PETRONAS DAGANGAN BHD
Malaysia | 5681.KL | Main
Reference
Report Year: 2024
Source Files:
Sustainability Committee
Sustainability Action Council (SAC) 🟢
- 4 BSRC meetings 🟢
- Quarterly updates 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
PETRONAS Dagangan BHD demonstrates a structured approach to GHG accounting with detailed reporting on Scope 1 (10k tCO₂e) and Scope 2 (85.5k tCO₂e) emissions for 2024, adhering to the GHG Protocol and IPCC AR4 standards. Strengths include consistent year-on-year data since 2019 and partial Scope 3 reporting (e.g., 42.7M tCO₂e for sold products). However, data collection relies on simplified estimations for retail stations, lacking precision. Third-party verification is absent, reducing credibility. Additionally, biogenic emissions from biodiesel (B20) pilot programs are not accounted for, which is a significant gap. Improvements are needed in verifying data, expanding Scope 3 coverage, and including biogenic emissions in the GHG inventory to align with comprehensive sustainability goals.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 10k tCO₂e 🟢 | Reclassified outsourced transportation to Scope 3 ⚠️ |
| Scope2 | 85.5k tCO₂e 🟢 | Improved data collection at retail stations 🟢 |
| Scope3 | Partial Scope 3 reported 🟢 | Limited to 4 categories; significant emissions in sold products ⚠️ |
| Biogenic emissions | Not reported despite biomass usage ⚠️ | Biodiesel (B20) pilot mentioned but not included in GHG inventory ⚠️ |
Other Details
- Boundary inventory: Operational & Equity Boundary 🟢
- Gwp basis: IPCC AR4 🟢
- Standard: GHG Protocol 🟢
- Data collection approach: Simplified estimation ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- 1,555.7 tCO₂e reduction 🟢
- 184 solarised stations 🌞
- 75 EV charge points 🌞
- B20 biodiesel pilot 🌱
Social Highlights
- 86 PWD employed 🥗
- 28 PWD jobs via ENOKU 🥗
- Disability training 🥗
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can't find ⚠️
Report Quality
Commendable effort by PETRONAS Dagangan BHD in their 2024 Integrated Report 🟢. The report provides a strong foundation with quantifiable actions such as achieving a 1,555.7 tCO₂e reduction through solar initiatives and expanding EV infrastructure to 75 charge points. Alignment with GRI and TCFD frameworks enhances transparency. However, there are gaps in measurable outcomes due to the absence of third-party verification for GHG data ⚠️ and limited Scope 3 reporting. Forward-looking commitments like solarising 450 sites by 2030 are promising, but generic statements on 'sustainable growth' lack supporting evidence. To improve, the company should incorporate third-party assurance, expand Scope 3 coverage, and account for biogenic emissions from biodiesel usage. Overall, the report is detailed but could benefit from greater specificity and validation to strengthen credibility.
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