PETRONAS spearheads ESG journey in Malaysia

Dateline 2021-12-27, The Edge:

Globally, PETRONAS’ leadership takes progressive steps to position the organisation forward in the environmental, social and governance (ESG) and sustainability fronts. These have become the key considerations in business investment and portfolio decisions alongside cash flows and profitability.

Where many corporations are still formulating their paths ahead in this regard, Malaysia’s only Fortune 500 company, Petroliam Nasional Berhad has announced its aspiration to achieve Net Zero Carbon Emissions by 2050 (NZCE 2050) in November 2020.

It certainly speaks volume for the national energy company to announce this aspiration, due to its nature of business in the oil and gas (O&G), one of the hard-to-abate sectors — which, to the unawares, is typically seen as a huge challenge in the journey towards environmental sustainability.

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