PetroSA

There is no evidence that PetroSA has processes in place to manage climate change issues. The company does not disclose whether it has individuals or committees who have oversight of climate issues and it provides no detail on how it aims to reduce or manage its emissions. Moreover, the company has not undertaken any climate scenario analysis, suggesting it is not aware of the risks that climate change may pose to its business activities.

PetroSA has not set any emissions reduction targets or indicated any low-carbon commitments.

There is no evidence that PetroSA has developed a low-carbon transition plan.

PetroSA reports that in 2021 it will monitor its environmental impact and reduce environmental incidents and greenhouse gas emissions. It provides no further information on this statement.

Between 2014 and 2019, PetroSA’s oil production increased by 16%, whereas its gas production and refining throughput both dropped by 30%. There is no indication that company’s scope 1 and 2 and scope 1, 2 and 3 emissions intensities have changed significantly.

There are no signs that PetroSA is engaging with the low-carbon transition. It has no climate strategy or low-carbon transition plan and is not pursuing low-carbon business activities. Instead, it is aiming to increase its refining capacity. As such, the company will not be prepared for the transition to a low-carbon economy.