PETRONAS
fuels , if you like , that really need to come together and solve this - together with the policy makers as well as the nongovernmental organisations .”
Cleaner , conventional and renewable resources at PETRONAS As the world shifts to a more sustainable one , PETRONAS recognises the responsibility to balance the risks of climate change , but also with the mandate to produce affordable and reliable energy , in a sustainable manner .
“ We ' re really looking hard at where we can reduce emissions in our own production , and we are also focusing , for instance , on carbon capture and storage . This is a very important area for us , where basically you capture the CO2 from the operations , and then you sequester them .
“ We are also looking at it from a commercial perspective , so could we perhaps also offer this opportunity for other sectors , basically capture their CO2 and help them store it permanently . This is one area that we are exploring .”
Like many of their peers , PETRONAS is working on renewables and has a target for 2024 to increase renewables capacity to 3,000 megawatt .
“ We are making good progress towards this target , but we also are working in adjacent industries in renewable spaces , not just about energy provision ,” says Wolff-Bye . Influenced by the UN ' s sustainability development goals , PETRONAS has its own lenses of sustainability .
“ We have something we call the Four Lenses , and the Four Lenses inform our decisions and our activities across the board in the company . These are about continued value creation , so it really is about driving long-term business value . Sustainability is not for charity or altruistic
“ WE ARE FOCUSING ON CUSTOMERS AND STAKEHOLDERS , SO NO LONGER DO WE JUST SUPPLY OUR PRODUCTS ”
CHARLOTTE WOLFF-BYE VICE PRESIDENT AND CHIEF SUSTAINABILITY OFFICER , PETRONAS
44 March 2022