PETRONAS aims to safeguard the organisation’s commitments by upholding strong governance mechanisms and ethical business practices.
Vigilance on Potential Human Health Impacts and Risks
Personnel Safety is Top Priority
When it comes to safety, we believe everyone is accountable. This is why we focus on ensuring technical integrity and reliability of our facilities and operations in our business undertakings. While we implement robust governance mechanisms, we also leverage strong HSE leadership of our top management to inculcate a deeper sense of HSE discipline and mindsets within the organisation. And to promote and strengthen a safety-first culture within our peers in the industry, we engage closely with stakeholders such as host governments, contractors and communities.
Responsibility at the Heart of Our Operations
Driving Climate Actions
PETRONAS is doing its part for the low-carbon landscape and supports Malaysia’s’ transition towards a low-carbon economy by reducing emissions, advocating clean energy and driving operational excellence. These efforts and initiatives are guided by rigorous risk management systems and strict frameworks across our operations. With frameworks such PETRONAS Climate Change Framework and PETRONAS Carbon Commitments in place, we continue to advocate for a low-carbon landscape by investing in cleaner energy solutions such as PFLNG SATU and PFLNG DUA, explore renewable energy alternatives with our solar energy arm Amplus Energy Solution, and factor in carbon pricing into decision making processes.
Respecting Human Rights
We care about treating communities around us and those who collaborate with us fairly and ethically. PETRONAS’ Human Rights Commitment is how we implement our resolute respect and holistic measures for internationally recognised human rights in our operations and interactions with all stakeholders. Aligned to the United Nations Guiding Principles on Business and Human Rights (UNGPs), we focus on four areas of Labour and Working Conditions, Responsible Security, Supply Chain, and Community Well-being. We practice due diligence, drive the grievance management processes to manage human rights risks and create positive social impacts for the surrounding communities in areas of our operations.
Integrity Governs Our Operations
Our Code of Conduct & Business Ethics Guide (CoBE) affirms our commitment to uphold sustainable development in order to meet the world’s growing energy needs through economic, environmental, and socially responsible efforts, underpinned by a framework of responsible governance. The CoBE governs how we conduct business and run operations. As integrity is paramount, PETRONAS employees are expected to act in good faith and ensure fidelity, diligence, and integrity on all occasions. Our policies address various potential compliance and ethical risks such as whistleblowing, acts of solicitation, bribery, corruption, gifts and entertainment, and money laundering.