KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has joined forces with United Nations Global Compact Network Malaysia and Brunei UNGCMY&B at the recent GO ESG Asean Corporate Sustainability Virtual Summit 2020 to position sustainability at the core of business recovery efforts.
This followed its net zero carbon emissions 2050 declaration in October.
In a statement, the national oil firm said the summit themed The business of recovering better – A resilient and sustainable Asean by design, held from Nov 2-30, drew local and regional online participants.
Petronas group vice-president (health, safety, security and environment) Dzafri Sham Ahmad said Petronas’ strategy was to continue minimising the impact of its carbon footprint in existing and future operations and deploy more low carbon solutions technologies. “We believe there are opportunities in growing our low-carbon portfolio and increasing circularity in our resource consumption to optimise costs.
“We are already seeing positive results through efforts that we have put in two decades ago to reduce emissions. Over the same period, our technology strategy also delivered improved efficiencies, ” he said.
Meanwhile, UNGCMY&B executive director Faroze Nadar said the shift in focus from restarting to reimagining business was an opportunity to make way for a new, environmentally friendly economy “in the creation of the world we want”.
“The summit is indeed timely as it presents a platform for small and medium enterprises and corporates within Asean to come together and demonstrate climate leadership.” — Bernama