Partnering with Petronas on GHG Verification & Sustainability | LRQA Malaysia

Supporting PETRONAS in their low-carbon transition journey

As a global energy and solutions partner, PETRONAS is at the forefront of the energy transition, committed to delivering cleaner, more sustainable solutions across its operations. With a bold aspiration to achieve Net Zero Carbon Emissions (NZCE) by 2050, the company is embedding sustainability into every facet of its business to meet rising energy demands with fewer emissions.

PETRONAS’ Energy Transition Strategy is built on three core pillars: strengthening its oil and gas foundation, expanding into low-carbon solutions such as renewables and hydrogen, and accelerating its Net Zero pathway through targeted investments in technologies like carbon capture, utilisation and storage (CCUS), and digital innovation.

From upstream to downstream, PETRONAS is redefining its role in the energy ecosystem, providing integrated solutions that balance high performance with environmental responsibility. These efforts not only support global climate goals but also position PETRONAS as a key enabler of industry-wide transformation and a leader in shaping a more sustainable energy future.

PETRONAS' Commitment to a Sustainable Future

PETRONAS is committed to leading the energy transition by integrating sustainability into its core operations, investing in low-carbon solutions, and setting clear targets to achieve Net Zero carbon emissions by 2050.

Sustainability Embedded: Integrated across all operations, from upstream to downstream.
Low-Carbon Focus: Investing in renewables, hydrogen, and CCS technologies.
Clear Net Zero Targets: Set milestones to cut emissions by 2030 and reach NZCE by 2050.
Collaborative Approach: Partnering to scale innovative low-carbon solutions.

Our Evolving Partnership with PETRONAS

Built on trust, strengthened by purpose. Key Milestones Along the Way:

Secured a multi-year GHG verification contract with PETRONAS.
Delivered ISO 14064 and internal GHG verifier training.
Won additional GHG assurance and advisory projects.
Engaged in executive reviews and strategic planning.
Highlighted EiQ and broadened ESG data discussions.
Supported sustainability governance, supply chain risk, and grievance frameworks.
Maintained strong presence in industry forums and energy leadership events.

Current Engagements

Delivered Services:
Greenhouse gas (GHG) verification, ISO management system audits (9001, 14001, 45001, etc.), HACCP, compliance training, and consultancy services.
Operational Regions:
Malaysia, Europe, and selected international markets.
Engagement Format:
Regular weekly touchpoints, ad-hoc meetings, and quarterly strategic reviews.

Client Needs & Priorities

Key Pain Points:
- Navigating regulatory complexity
- Addressing climate change impact
- Managing volatility in global sourcing and production
Strategic Objectives:
- Advancing sustainability initiatives
- Driving digital transformation
- Enhancing operational efficiency and resilience

LRQA’s Strategic Value

Trusted in inspection, compliance, and risk management.
Digital capabilities aligned with innovation goals.
Proven delivery in ESG and sustainability.
Global expertise with local execution strength.

Strategic Focus Ahead

Support PETRONAS’ evolving ESG journey through integrated, future-ready solutions.
Collaborate across business units to deliver innovation, enhance transparency, and drive measurable impact.
Align service delivery with the client’s sustainability, digitalisation, and regional transformation priorities

How LRQA Supports PETRONAS' Sustainability Ambitions

Our partnership with PETRONAS is built on trust, technical leadership, and aligned sustainability objectives. Here’s how LRQA continues to support PETRONAS in driving measurable impact:

Strategic Collaboration for a Sustainable Future

Our partnership with PETRONAS underscores a shared commitment to environmental stewardship and operational excellence. By providing independent verification of greenhouse gas (GHG) emissions and assurance services, LRQA aids PETRONAS in meeting its near-term target to cap operational emissions at 49.5 million tonnes of CO₂ equivalent by 2024 .

Unlocking Opportunities Together

LRQA’s collaboration with PETRONAS goes beyond GHG verification—it's a long-term partnership supporting climate goals, ESG assurance, and industry-leading training. With a shared vision for transparency and operational excellence, LRQA continues to deliver trusted expertise that aligns with PETRONAS' sustainability ambitions and energy transition strategy.

LRQA's Expertise in the Oil & Gas Sector

With over 30 years of experience in the oil and gas industry, LRQA brings deep technical understanding and global expertise. Our services have supported energy companies worldwide in implementing robust management systems, managing environmental impacts, and meeting international standards such as ISO 14064 and ISO 50001.

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