Penciptaan Nilai Kemampanan

The United Nations Environment Programme (UNEP)'s Oil & Gas Methane Partnership (OGMP2.0) is an industry-specific initiative, internationally recognized framework for effective methane emissions management. OGMP2.0 provides a mechanism for companies to address and report methane emissions systematically.

PETRONAS became a signatory member to the OGMP2.0 in November 2022. Efforts are taken to systematically enhance PETRONAS' approach in accordance with the framework on methane emissions measurement, quantification, reporting, and implementation of our decarbonisation levers particularly zero routine flaring and venting, and energy efficiency.

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World Business Council for Sustainable Development (WBCSD) is a CEO-led community of over 200 of the world's leading businesses working collectively to accelerate transformations needed for a net-zero, nature positive, and more equitable future.

PETRONAS joined WBCSD in 2020 to inform sustainability strategy and positioning and to broaden global outreach.

PETRONAS is also a member of Business Council for Sustainable Development (BCSD) Malaysia.

PETRONAS is represented in WBCSD through our President & Group CEO, Tan Sri Tengku Muhammad Taufik as the Council member, and involving other Executive Leadership Team members through direct participation in WBCSD's CFO Network and The Business Commission to Tackle Inequality, in addition to working level participation across the breadth of WBCSD' s programmatic activities.

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The International Emissions Trading Association (IETA) is a global non-profit business organisation that plays a key advocacy role in establishing effective market-based trading systems for greenhouse gas (GHG) emissions and removals to promote market-based solutions for climate change.

PETRONAS became a member of IETA in June 2022. Through our participation in IETA's working groups, taskforces and initiatives, PETRONAS is strengthening our internal capacity and building capability in carbon markets and carbon pricing instruments. PETRONAS also participates in IETA's Business Partnership for Market Implementation (B-PMI), which supports the implementation of carbon pricing instruments through private sector capacity building and engagement with policymakers.

The Alliance for Industry Decarbonisation (AFID) facilitates industry-level dialogue and strengthens cooperation to support companies in developing robust decarbonisation strategies and implementation plans aligned with their countries' commitments. PETRONAS joined AFID in November 2022 with the aim to advance the decarbonisation of industrial value chains and deepen understanding of renewables-based solutions and their adoption across industry.

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The Task Force on Climate-related Financial Disclosures (TCFD) sets out recommendations for climate-related disclosures and provides a framework for disclosures on potential long-term risks and opportunities associated with climate change.

PETRONAS has expressed public support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) to ensure greater transparency around how we approach climate risk. We are incorporating the TCFD framework into our disclosures from 2023 onwards.

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An initiative that commits governments and oil companies to end routine flaring by 2030, aiming to support cooperation between all relevant stakeholders so that solutions to gas flaring can be found through appropriate regulation, application of technologies, and financial arrangements.

PETRONAS endorsed the global pledge of zero routine flaring by 2030, in November 2021, with the aim to avoid routine flaring in new oil field developments; and for existing field, to seek implementation of economically viable solutions to eliminate this legacy flaring as soon as possible, by 2030. PETRONAS contributes with gas flaring and venting data towards the compilation of the World Bank's annual global gas flaring report.

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The World Economic Forum (WEF) is the world's preeminent platform for public-private cooperation where the world's leaders come together to advance most pressing issues.

The Forum's Oil and Gas Community of Peers collaboratively shapes the sectoral agenda at the Forum and brings together thought leaders that help drive the industry transformation of the energy system.

PETRONAS is represented by President & Group CEO, YM Tan Sri Tengku Muhammad Taufik as the Co-Chair of the Oil and Gas Governors Community of the World Economic Forum, a group of around 50 global Executive Chairs and CEOs from the sector.

The COP28 Presidency launched the landmark Oil and Gas Decarbonization Charter (OGDC), a global industry charter dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sectors. The OGDC aims to achieve:

• Net Zero Operations by or before 2050
• Aiming for Near-Zero Upstream Methane Emissions by 2030
• Zero Routine Flaring by 2030

Find out more here.

PETRONAS is a signatory to OGDC since 2023 and is also a signatory committee to OGDC.

CAN is a peer-to-peer network of CEOs and Board members focused on sustainability advocacy, capacity building, action and performance. CAN includes 77 leading businesses, representing more than 20 business sectors in Malaysia.

PETRONAS is represented in the CAN through its Steering Committee.

A series of regional roundtables to elevate conversation, shape practices, policies, and regulations in ASEAN on methane emissions with the aim to engage diverse stakeholders through dialogues on advancing strong performance and effective methane emissions management.

PETRONAS, in collaboration with ASEAN national oil companies, governmental agencies and international organisations, launched the ASEAN Energy Sector Methane Leadership programme to build the region's capability and capacity in managing methane emissions. This collaboration aims to expedite methane emission reductions across the energy value chain in Southeast Asia.

Find out more here.

Ipieca is the global oil and gas industry association advancing sustainability across the energy sector through collaboration on climate action, environmental responsibility, social performance and the sustainable development agenda, including across oil, gas and renewable energy activities.

PETRONAS has been a member of Ipieca since 2001. Participation in Ipieca supports PETRONAS in strengthening sustainability-related disclosures and practices, including serving as a reference in the development of the PETRONAS Integrated Report (PIR) and sustainability disclosures. The affiliation also supports PETRONAS in informing its environmental approach, strengthening understanding of Scope 3 emissions and materiality assessments, as well as contributing to the development of industry-specific metrics and targets related to nature and biodiversity. PETRONAS is represented in Ipieca via Executive Committee.

Energy Transitions Commission (ETC) is a voluntary global coalition of leaders from across the energy landscape committed to achieving net-zero emissions by mid-century, in line with the Paris climate objective of limiting global warming to well below 2°C and ideally to 1.5°C.

PETRONAS has become a member of ETC since 2023. It supports the company in informing and strengthening its energy transition strategy and implementation. The affiliation provides access to global insights, expertise, research, learning opportunities and best practices from other regions, which support PETRONAS in advancing its transition initiatives and contributing towards Malaysia's energy transition agenda. Participation in ETC also strengthens PETRONAS' positioning as a key industry player in supporting a lower-carbon and more sustainable energy future.

PETRONAS is represented in the ETC through participation at the Commissioner level.

The ASEAN Council on Petroleum and Energy (ASCOPE) serves as a regional collaboration platform for ASEAN energy organisations.

PETRONAS has been a member of ASCOPE since 1975. In 2025, PETRONAS and ASCOPE joined forces in organising the 7th ASEAN Energy Sector Methane Roundtable.

PETRONAS is represented in ASCOPE by its President & Group CEO, YM Tan Sri Tengku Muhammad Taufik, who serves as Malaysia's Council Member.

With over 90 Members, the International Association of Oil & Gas Producers (IOGP) fosters dialogue and knowledge exchange, incorporating industry expertise to solve common industry challenges, promoting excellence in safe, efficient and sustainable energy. It aims to enhance understanding of the critical role the oil and gas industry plays in the energy transitions to a low carbon energy future.

As a member of IOGP, PETRONAS gains access to global industry data, best practices and lessons learned that support internal benchmarking, operational excellence, cost competitiveness, safety improvement and carbon footprint reduction.