Sustainability in PCG | PETRONAS Chemicals Group Berhad (PCG)

Why It Matters

Sustainability has become a non-negotiable for businesses, now more than ever.

Integrating sustainability into the core of our business strategy presents us with immense opportunities to thrive in today's dynamic business landscape, as it allows us to demonstrate our commitment to a healthier planet, stronger communities and creating lasting value for our stakeholders.

Having a set of actionable steps to reduce our impact on the environment and the communities where we operate will help us take on the complex challenges facing our business, and put us in a better position to ensure we stay resilient and meet the expectations of our customers, investors, the government, as well as our employees.

Our Approach

We are committed to integrating sustainability into the core of our business. PCG is guided by PETRONAS’ Refreshed Sustainability Approach and is driving sustainability efforts focused on creating sustainable value through responsible governance, achieving net zero, protecting nature, and ensuring a just transition to sustainability.

Anchored on four key pillars — Economic, Environmental, Social and Governance (EESG) — our Sustainability Agenda consists of key focus areas impacting PCG and our stakeholders. It is also aligned with 13 of the 17 United Nations Sustainable Development Goals (UNSDGs), where we believe we have the best ability to deliver meaningful impact.

PCG Sustainability Agenda

We continuously pursue alignment with internationally-recognised best practices and standards, as evidenced by our inclusion in the Dow Jones Best-in-Class indices, as well as FTSE4Good Bursa Malaysia Index.

PCG & Sustainable Development Goals (SDGs)

Our Commitment to the SDGs

In 2015, the UN outlined 17 SDGs to address global challenges including those related to poverty, inequality, climate change and environmental degradation. The SDGs set an agenda for governments, non-governmental organisations (NGOs), corporations and all other stakeholders across the world to work together to create a sustainable future for all by 2030.

Recognising the criticality of the issues targeted, and in continuing efforts to support the nation’s socio-economic development, PETRONAS Group has “adopted” seven of the SDGs which now serve to guide its sustainability agenda:

Following an evaluation of our operations and the impact we have on communities, PCG has embraced the seven SDGs mentioned and added another five: SDG 6: Clean Water and Sanitation; SDG 11: Sustainable Cities and Communities; SDG 14: Life Below Water; SDG 15: Life on Land; and SDG 16: Peace, Justice and Strong Institutions.

We have termed these our priority SDGs and refer to them in shaping our sustainability directions as well as our policies.

Our Sustainability Strategy

Our Sustainability Strategy takes into consideration our material matters and is designed to create value for our stakeholders. Outcomes of initiatives under the three broad sustainability focus areas – namely Business Sustenance, Resource Efficiency and Social Responsibility – support the SDGs that we embrace.