Partnering with PETRONAS on GHG Verification and Sustainability
Shaping a Sustainable Future
Supporting PETRONAS on its journey towards Net Zero Carbon Emissions (NZCE) by 2050
PETRONAS is a leading, progressive energy and solutions organisation that embeds sustainability into every facet of its business. LRQA are proud to partner with PETRONAS to enable the business to meet the rising demands for energy with fewer emissions.
Our collaboration extends beyond GHG verification – encompassing ESG assurance and industry-leading training – aligning with PETRONAS' Energy Transition Strategy built on three core pillars:
• Strengthening its oil and gas foundation
• Expanding into low-carbon solutions such as renewables and hydrogen
• Accelerating its Net Zero pathway through targeted investments in technologies like carbon capture, utilisation and storage (CCUS) and digital innovation
PETRONAS is redefining its role in the energy ecosystem, providing integrated solutions that balance high performance with environmental responsibility. Through our partnership, we support the organisation’s global climate goals and enable PETRONAS to position itself as a key enabler of industry-wide transformation and a leader in shaping a more sustainable future for energy.
PETRONAS' Commitment to a Sustainable Future
By integrating sustainability into its core operations and investing in low-carbon solutions, PETRONAS is setting clear targets to achieve Net Zero carbon emissions by 2050:
- Embedding Sustainability
From upstream to downstream, sustainability is integrated across all operations - Focussing on Low Carbon
Investing in renewables, hydrogen and CCS technologies - Net Zero Objectives
Setting a timeline of goals to cut emissions by 2030 and reach NZCE by 2050 - Collaborative Approach
Partnering with LRQA to scale innovative low-carbon solutions
Our Evolving Partnership with PETRONAS
LRQA have built a partnership based on trust and strengthened by purpose.
Key milestones include:
• 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
Pathways to Sustainable Growth
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Key Pain Points:
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Navigating regulatory complexity
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Addressing climate change impact
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Managing volatility in global sourcing and production
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Strategic Objectives:
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Advancing sustainability initiatives
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Driving digital transformation
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Enhancing operational efficiency and resilience
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LRQA’s Strategic Value
- We’re trusted in inspection, compliance and risk management
- Our digital capabilities are aligned with innovation goals
- We have proven delivery in ESG and sustainability
- We deliver global expertise with local execution strength
Strategic Focus Ahead
- To support PETRONAS’ evolving ESG journey through integrated, future-ready solutions
- Collaborating across business units to deliver innovation, enhance transparency and drive measurable impact
- Aligning service delivery with the client’s sustainability, digitalisation and regional transformation priorities
How LRQA Supports PETRONAS' Sustainability Ambitions
Through trust, technical leadership and aligned sustainability objectives, 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 risk-management 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
Our shared vision for transparency and operational excellence, enables LRQA to continue 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 to the partnership with PATRONAS. 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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