Mohd Yazid said two sustainability targets outlined in the OGSE blueprint have already made good progress.
KUALA LUMPUR: The Malaysia Petroleum Resources Corporation () will introduce the national oil and gas services and equipment (OGSE) sustainability framework by the end of 2024, which will provide a detailed guide for how OGSE companies can implement and report on their sustainability practices.
MPRC president and chief executive officer Mohd Yazid Ja’afar said the national OGSE sustainability documents mark the first of its kind, tailored to the needs of the OGSE industry.
“We hope this will help simplify and provide clarity to OGSE companies which face resource constraints in adopting and disclosing sustainability practices,” he said at the welcoming speech of the National OGSE Sustainability Forum 2023 here yesterday.
He said two sustainability targets outlined in the OGSE blueprint have already made good progress.
“From an initial target of 70 companies to voluntarily report on their sustainability practices by 2030, 81 out of the country’s top 100 OGSE companies have already done so,” he added. — Bernama
