KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) launched the supplier support programme (PSSP) to encourage Malaysia’s oil and gas services and equipment (OGSE) suppliers to embrace sustainability principles.
The programme is in collaboration with the Joint Committee for Climate Change (JC3) greening value chain (GVC) programme, Bursa Malaysia Bhd and the UN Global Compact Network Malaysia and Brunei (UNGCMYB).
The national oil company said the PSSP aims to provide necessary tools, capability training and access to transition financing for Malaysia’s OGSE suppliers to increase the adoption and disclosure of sustainability practices.
Petronas Executive Vice President and Group Chief Financial Officer Liza Mustapha said she recognised the challenges that OGSE suppliers, particularly small and medium enterprises (SMEs), encounter in adopting sustainability practices crucial for the energy transition.
“We are rallying with our suppliers in support of a just transition that ensures no one is left behind.
“The PSSP is a significant milestone, providing a platform for the industry to demonstrate practical action and inspire others,” she said.
Petronas noted that it will be an anchor in the GVC programme, whereby suppliers will be exposed to the environmental, social and governance knowledge and capacity-building programmes specific to the OGSE industry that cater to suppliers of all maturity levels.
It shared that via the programme, suppliers will also benefit from the centralised sustainability intelligence platform, which provides tools to help businesses measure, manage and report their carbon emissions and sustainability risks.
“(They will also have) access to financing, including Bank Negara Malaysia’s low carbon transition facility and high tech and green facility to support their transition efforts,” it added.
— BERNAMA
