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PETRONAS confirms that on 7 June 2023, the United Kingdom (UK)’s Advertising Standards Authority (ASA) ruled that a 60-second television advertisement that PETRONAS aired in the UK in 2022 contained information that ASA has deemed “misleading” and “exaggerated the total environmental benefit” of PETRONAS’ business activities.
PETRONAS disagrees that the advertisement is misleading and overstated. PETRONAS is currently undertaking sustainability efforts including in respect of its existing energy business, towards a cleaner energy future.
PETRONAS remains committed towards its lower-carbon ambitions spelt out in its Net Zero Carbon Emissions by 2050 (NZCE50) Pathway. These efforts align with its role as Malaysia’s national oil company to add value to the country’s hydrocarbon resources and support economic value creation with a reliable supply of energy, while paving the way to a lower-carbon future in a just and sustainable manner.
