Climate change and the protection of the environment continues to
be among key sustainable development issues in the oil and gas
industry. The industry is focused on efficient use of natural resources,
the reduction of carbon emissions, and mitigating the impact on the environment while meeting the world’s growing energy needs.
PETRONAS endeavours to use resources such as energy and water responsibly in all our operations and we aim to reduce our carbon
footprint through new and ongoing initiatives. As the corporation
explores new and unconventional opportunities to supply energy
for ongoing socio-economic growth, PETRONAS will continue to
balance socio-economic and environmental requirements as we
address these emissions challenges.
We have enhanced our data collection for greenhouse gas (GHG),
energy, water and biodiversity by utilising iHSE, our online information
management system which is being rolled out across the group.
In addition, PETRONAS’ Working Groups for Carbon and Water have performed baseline assessments and have identified opportunities
for immediate savings. Overall, our technical experts in Carbon
management across PETRONAS assessed the corporation’s performance
and made recommendations for improvements across the business, including assessing opportunities from its carbon stock.
Efficient use of water has become a key sustainable development issue globally, and is an essential resource in our operations. We have taken proactive steps to manage supply risk and minimise the use of fresh
water in our operating units by reducing, reusing and recycling this
natural resource where possible. PETRONAS has developed a guideline water conservation for onshore process facilities. Our Water Conservation Working Group has performed a water balance assessment and identified opportunities for savings.
During the year in review, PETRONAS has completed a biodiversity risk assessment at all our areas of operation, and we have taken the necessary measures to mitigate the impact of our activities on surrounding areas. As we operate in mega-biodiverse countries, we take a risk-based approach and have completed a desktop assessment to identify high risk areas. We endeavour to minimise the effect of our activities on biodiversity at all our operational sites.