PERDANA PETROLEUM BERHAD
Malaysia | 7108.KL | Main
Reference
Report Year: 2023
Source Files: PPB_-_Annual_Report_2023.md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Strategic Oversight 🟢
- Strategy Recommendations 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
PERDANA PETROLEUM BERHAD demonstrates a commendable start in GHG accounting by reporting Scope 1 (7,599 tCO₂e), Scope 2 (78 tCO₂e), and limited Scope 3 (1,750 tCO₂e) emissions for 2023, following the GHG Protocol. The 28% reduction in Scope 1 emissions compared to 2022 highlights effective fuel management. However, the lack of third-party verification and absence of carbon intensity metrics limit credibility and benchmarking. Scope 3 reporting is narrow, excluding supply chain impacts. To improve, PERDANA should expand Scope 3 coverage, establish a clear base year for target setting, and seek external verification to enhance data reliability. These steps would strengthen their commitment to a low-carbon future and align with Malaysia's climate goals.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 7,599 tCO₂e 🟢 | |
| Scope2 | 78 tCO₂e 🟢 | |
| Scope3 | 1,750 tCO₂e 🟢 | Limited to business travel and employee commuting |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Operational activities including onshore and offshore operations
- Gwp basis: GHG Protocol Corporate Accounting and Reporting Standard
- Standard: GHG Protocol
- Data collection approach: Fuel consumption monitoring, electricity usage tracking
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- 28% Scope 1 reduction 🟢
- 5,819 m³ waste diverted 🟢
- Fuel monitoring systems 🌞
- Low-sulphur fuel usage 🌱
Social Highlights
- 424 crews trained (5,912 hrs) 🟢
- RM22,900 invested, 163 benefited 🥗
- Zero fatalities & LTIs 🟢
- 8,542 training hours 🟢
- 50 staff educated on cancer awareness 🥗
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable Foundation in sustainability reporting by PERDANA PETROLEUM BERHAD 🟢. The 2023 integrated report, aligned with GRI and TCFD frameworks, provides a structured overview of ESG efforts with quantifiable metrics such as a 28% reduction in Scope 1 emissions and 5,819 m³ of waste diverted from disposal. Measurable social outcomes, like training 424 crews and community investments benefiting 163 individuals, add depth. However, the report lacks third-party verification for GHG data and forward-looking commitments beyond a vague 2030 GHG baseline target ⚠️. Generic statements on 'sustainable growth' need specific, time-bound goals to enhance credibility. To improve, PERDANA should incorporate external audits, expand Scope 3 reporting, and detail actionable net-zero plans. This would elevate the report from a solid base to a leading example in the energy sector.
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