Sustainability at Petron Malaysia
Sustainability is a way of life in Petron. It is integrated in every aspect of our business. From the time crude oil is refined to the time our petroleum products reach our customers, we embrace and live best practices in sustainability.
As Petron grows, so does our responsibility to create healthier and safer communities, and a cleaner environment. Sustainability ensures the continuation of our journey while meeting the needs of our shareholders over the long-term.
With this in mind, we have established three main pillars to guide our sustainability endeavour: Environment Sustainability, Social Sustainability and Economic Sustainability. These are key segments where we can focus our efforts and enhance our “added value” for all stakeholders.
FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that Petron Malaysia Refining & Marketing Bhd has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
In 2024, Petron Malaysia became a participant of the United Nations Global Compact (UNGC), the world’s largest corporate responsibility initiative with more than 20,000 participants from 160 countries. The Ten Principles of the United Nations Global Compact take into account the fundamental responsibilities of business in the areas of human rights, labour, environment and anti-corruption – we strive to operate our business in accordance with these principles.