PETRONAS Declares Aspiration:
To Achieve Net Zero Carbon
Emissions By 2050
PETRONAS is entrusted to manage Malaysia's oil and gas resources for economic growth. In the last 46 years, we have grown together with the nation, and have become a Fortune Global 500 player known as the face of reliability and trust.
A year ago, before the world took a hit from the COVID-19 pandemic, the company announced its Statement of Purpose, a progressive energy and solutions partner enriching lives for a sustainable future.
Today, amid destabilised economies due to the COVID-19 pandemic and the ongoing global push towards the transition to cleaner energy, PETRONAS chooses to declare its Aspiration - to achieve net zero carbon emissions by 2050. The announcement was made by the President and Group CEO of PETRONAS during the President's Townhall on 28 October 2020.
PETRONAS has already begun its sustainability journey for more than two decades by integrating sustainable practices into its business and decision-making. The aspiration capitalises on the maturity of our ESG practices while securing long term value for the company.
Net zero carbon emissions 2050 will stretch PETRONAS' efforts to reduce carbon emissions to net zero and create new and inclusive opportunities that contribute towards a Just Transition where we operate.