Velesto Energy Bhd 2024 SR
The report highlights Velesto Energy Berhad's 2024 performance, achieving its strongest financial results since 2015 with a profit after tax of RM208 million. The company officially committed to a Net Zero by 2050 target and set a medium-term goal of a 15% absolute reduction in Scope 1 and 2 emissions by 2030. Operational highlights include an 87% rig utilization rate and maintaining zero Lost Time Injuries for the third consecutive year. Environmental efforts were marked by a 34% reduction in emissions intensity per operating day against the 2021 baseline and the planting of over 2,000 corals in its restoration project.
Company: Velesto Energy Bhd
Sector: Energy
Country: Malaysia
Year: 2024
Type: SR
Pages: 94
Velesto Energy Bhd
Sustainability Report
The report highlights Velesto Energy Berhad's 2024 performance, achieving its strongest financial results since 2015 with a profit after tax of RM208 million. The company officially committed to a Net Zero by 2050 target and set a medium-term goal of a 15% absolute reduction in Scope 1 and 2 emissions by 2030. Operational highlights include an 87% rig utilization rate and maintaining zero Lost Time Injuries for the third consecutive year. Environmental efforts were marked by a 34% reduction in emissions intensity per operating day against the 2021 baseline and the planting of over 2,000 corals in its restoration project.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Mar 25, 2025
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees