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 GHG Emissions Data Preview

In 2023, Velesto Energy completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Velesto Energy has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions 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 Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Velesto Energy amounted to 63,946 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Velesto Energy increased by 15.45%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Velesto Energy's Scope 1 Emissions Over Time

2020202120222023020 k40 k60 k80 ktCO2e-16%+4%+16%
  • Total Scope 1
  • Year-over-Year Change

What are Velesto Energy's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Velesto Energy were 63,469 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Velesto Energy reduced its Scope 1 emissions over time?

Since 2020, Velesto Energy's Scope 1 emissions have increased by 1.15%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Velesto Energy's Scope 1 emissions increased by 15.53%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Velesto Energy's Scope 2 emissions?

In 2023, Velesto Energy reported Scope 2 greenhouse gas (GHG) emissions of 477 tCOâ‚‚e without specifying the calculation method.

Has Velesto Energy reduced its Scope 2 emissions over time?

Since 2020, Velesto Energy's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 325.89%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Velesto Energy's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Velesto Energy 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Velesto Energy use for Scope 2 reporting?

In 2023, Velesto Energy reported its Scope 2 emissions using an unspecified methodology.

Velesto Energy's Scope 2 Emissions Over Time

20202021202220230150300450600tCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Velesto Energy's Value Chain Emissions

In 2023, Velesto Energy reported 67 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Velesto Energy includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Velesto Energy's Scope 3 Emissions Over Time

20222023020406080tCO2e+103%
  • Total Scope 3
  • Year-over-Year Change

What are Velesto Energy's Scope 3 emissions?

In 2023, Velesto Energy reported total Scope 3 emissions of 67 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2022), Velesto Energy's Scope 3 emissions increased by 103.03%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Velesto Energy disclose?

In 2023, Velesto Energy reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Velesto Energy's Scope 3 emissions?

In 2023, the largest contributors to Velesto Energy's Scope 3 emissions were:

  • Business Travel (Cat. 6): 67 tCOâ‚‚e (100%)

Velesto Energy's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(100.0%)

Insights into Velesto Energy's Total Carbon Footprint

In 2023, Velesto Energy reported a total carbon footprint of 64,013 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15.5% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Velesto Energy's total carbon footprint was Scope 1 emissions, accounting for 99.15% of the company's total carbon footprint, followed by Scope 2 emissions at 0.75%.

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