Velesto Energy Bhd

Common Name
Velesto Energy
Country
Malaysia
Sector
Energy
Industry
Oil & Gas Drilling
Employees
168
Ticker
VELESTO
Exchange
BURSA MALAYSIA
Description
Velesto Energy Berhad is an integrated energy company headquartered in Malaysia, primarily operating in the drilling and oilfield services sector. The company's core focus is on providing high-quality...

Velesto Energy's Climate Target Data Preview

As of 2023, Velesto Energy has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 intensity-based targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Velesto Energy ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Intensity-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Operating Day
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2030
Intensity-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Malaysian Ringgit (MYR) of Revenue
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2030

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Velesto Energy's Greenhouse Gas Emissions Pathways

As of 2023, Velesto Energy has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.

Does Velesto Energy have a target to reduce the emissions from its operations?

As of 2023, Velesto Energy has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Velesto Energy's most ambitious operational target is to reduce these emissions by 30% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Malaysian Ringgit (MYR) of Revenue in 2021.

Velesto Energy has already surpassed its operational emissions reduction target, with 2023 levels falling below the 2030 value, achieving its climate goal ahead of schedule.

Velesto Energy's Operational (Scope 1+2) Emissions Pathway

20212023203000000BaselineCurrent (-63%)Target 2030 (-30%)
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