Petronas Chemicals Group Bhd.
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Petronas Chemicals Group Berhad (PCG) is a leading petrochemical company in Malaysia that operates in the organic resins sector. The company is a subsidiary of Petroliam Nasional Berhad (PETRONAS), Malaysia's national oil and gas company. PCG is committed to sustainable development and is actively involved in decarbonisation efforts to reduce its carbon footprint.
PCG's core business is the production of olefins and polyolefins, which are used in a variety of applications such as packaging, automotive, construction, and agriculture. The company also produces specialty chemicals, fertilizers, and methanol. PCG's products are sold in over 50 countries, and the company has a strong presence in Asia, Europe, and the Americas.
Decarbonisation is a key focus area for PCG, and the company has set ambitious targets to reduce its carbon emissions. PCG aims to achieve net-zero carbon emissions by 2050, in line with the Paris Agreement's goal to limit global warming to below 2°C. To achieve this target, PCG is investing in renewable energy and energy efficiency measures.
One of PCG's initiatives to reduce its carbon footprint is the use of corporate power purchase agreements (PPAs) for renewable energy. PCG has signed several PPAs with renewable energy companies to purchase electricity generated from wind and solar power. These PPAs help PCG to reduce its reliance on fossil fuels and lower its carbon emissions.
PCG is also investing in corporate energy management to improve its energy efficiency and reduce its energy consumption. The company has implemented energy-saving measures such as the use of LED lighting, energy-efficient equipment, and building automation systems. PCG has also established an energy management system to monitor and control its energy consumption.
In addition to its efforts to reduce its carbon footprint, PCG is committed to sustainable development and social responsibility. The company's sustainability strategy focuses on four pillars: environment, social, governance, and economic. PCG is committed to reducing its environmental impact, promoting social well-being, ensuring good governance practices, and creating economic value for its stakeholders.
PCG's commitment to sustainability has been recognized by various organizations. The company has been included in the Dow Jones Sustainability Index (DJSI) for six consecutive years, and was named the Best Company for Sustainability in the Chemicals Sector at the 2020 Asia Sustainability Reporting Awards.
In conclusion, Petronas Chemicals Group Berhad is a leading petrochemical company in Malaysia that operates in the organic resins sector. The company is committed to sustainable development and is actively involved in decarbonisation efforts to reduce its carbon footprint. PCG's initiatives to reduce its carbon emissions include the use of corporate PPAs for renewable energy, corporate energy management, and investment in renewable energy and energy efficiency measures. PCG's sustainability strategy focuses on four pillars: environment, social, governance, and economic, and the company has been recognized for its commitment to sustainability by various organizations.