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Crude Oil Extraction
PH
updated 6 months ago

PetroEnergy Resources Corporation

Company website

PetroEnergy Resources Corporation, commonly referred to as PetroEnergy, is a leading player in the Philippine energy sector, headquartered in Makati City, Philippines. Established in 1994, the company has made significant strides in renewable energy and oil exploration, focusing on geothermal energy, solar power, and oil and gas production. With operational regions spanning across the Philippines, PetroEnergy is committed to sustainable energy solutions, offering unique services that harness the country's rich natural resources. The company has achieved notable milestones, including the successful development of geothermal power plants, positioning itself as a key contributor to the nation’s energy landscape. Recognised for its innovative approach and commitment to environmental stewardship, PetroEnergy continues to strengthen its market position in the evolving energy industry.

DitchCarbon Score

How does PetroEnergy Resources Corporation's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

0

Industry Average

Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

6

Industry Benchmark

PetroEnergy Resources Corporation's score of 0 is lower than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.

6%

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PetroEnergy Resources Corporation's reported carbon emissions

PetroEnergy Resources Corporation, headquartered in the Philippines, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company has not established any documented reduction targets or climate pledges, which suggests a lack of formal commitments to reducing greenhouse gas emissions at this time. As a current subsidiary, PetroEnergy Resources Corporation's climate initiatives and emissions data may be influenced by its corporate family relationships. However, no specific cascading data from parent organisations or industry standards such as SBTi (Science Based Targets initiative) or CDP (Carbon Disclosure Project) has been provided. In the context of the energy sector, it is essential for companies like PetroEnergy to develop and communicate clear climate commitments and reduction strategies to align with global sustainability goals. Without specific emissions data or reduction initiatives, the company may face challenges in demonstrating its commitment to addressing climate change and reducing its carbon footprint.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. PetroEnergy Resources Corporation's primary industry is Crude petroleum and services related to crude oil extraction, excluding surveying, which is very high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for PetroEnergy Resources Corporation is in PH, which has a high grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

PetroEnergy Resources Corporation is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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