PETRONAS GAS BERHAD
Malaysia | 6033.KL | Main
Reference
Report Year: 2024
Source Files:
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Regular BSRC meetings 🟢
- SWC oversight 🟢
Reporting
GRI, TCFD, SASB, IFRS S1, IFRS S2, Separate Report 🟢
GHG Accounting
PETRONAS GAS BERHAD demonstrates a strong commitment to GHG accounting with detailed Scope 1 emissions reporting at 6,074,946 tCO₂e for 2024. The company aligns with the GHG Protocol and uses IPCC GWP metrics, ensuring credibility. Partial Scope 3 disclosures for Categories 6 & 7 are a positive step, with plans for a materiality assessment in 2025. However, Scope 2 data lacks specificity, and carbon intensity metrics are absent, limiting comprehensive analysis. Third-party verification is underway but not fully implemented, with assurance for Scope 1 & 2 targeted by 2027. Improvements could include detailed Scope 2 reporting and explicit carbon intensity figures to enhance transparency and benchmarking.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 6,074,946 tCO₂e 🟢 | |
| Scope2 | Not specified ⚠️ | Specific Scope 2 data not detailed in report |
| Scope3 | Partial disclosure (Categories 6 & 7) 🟢 | Scope 3 materiality assessment planned for 2025 |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Operational control across facilities
- Gwp basis: IPCC
- Standard: GHG Protocol
- Third party verification: Partial (Scope 1 & 2 assurance planned by 2027)
- Carbon intensity: Not specified ⚠️
Efforts
- Scope 3 partial disclosure 🟢
- 1,799 MT waste recycled 🟢
- CCS exploration 🌞
- Water management roadmap 🌱
Social Highlights
- RM5.7M social investment 🟢
- 1,548 beneficiaries impacted 🟢
- 198,881 training hours 🟢
- Solar community centres 🥗
- 100% local employment 🟢
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable effort by PETRONAS GAS BERHAD in producing a comprehensive sustainability report for 2024 🟢. The report excels with quantifiable metrics such as Scope 1 emissions (6,074,946 tCO₂e) and waste recycling (1,799 MT), alongside clear social impact data like RM5.7 million invested, benefiting 1,548 individuals. Alignment with multiple frameworks (GRI, TCFD, IFRS S1 & S2) demonstrates robust disclosure practices. Forward-looking commitments, such as Net Zero by 2050 and Scope 3 assessments by 2025, are promising 🟢. However, gaps exist with limited specificity on Scope 2 emissions and absence of carbon intensity data ⚠️. Some statements, like 'committed to decarbonisation,' lack detailed evidence or timelines. The report could benefit from third-party verification completion for GHG data and deeper granularity on Scope 2 and intensity metrics to strengthen credibility and stakeholder trust.
Tags:
Looking for ESG Strategy & Improvement?
Disclaimer:
This is AI model generated summary based on certain rules set by Sustify.world perspective. If the reader finds the information is incorrect, they can always approach us by sending email admin@sustify.world.
Need Expert help?
Contact us TODAY for sustainability strategy, reporting, and outsourcing services.