“In our evaluation, our top ESG scorers of four stars are Yinson, Petronas Gas Bhd, Petronas Chemicals Group Bhd, MISC Bhd and Hibiscus Petroleum Bhd,” AmInvestment Bank said.
PETALING JAYA: Oil and gas (O&G) companies across the globe have been under increasing pressure from governments, regulatory authorities, activist shareholders and the general public to shift towards a decarbonised future.
The sharp plunge in crude oil prices in April last year due to the price war between Saudi Arabia and Russia as well as the subsequent Covid-19-induced demand collapse has accelerated the upstream industry’s transition towards lower-carbon business strategies.
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