Velesto
Velesto Energy Berhad, commonly known as Velesto, is a prominent player in the oil and gas industry, headquartered in Malaysia. Established in 2017, the company has rapidly evolved, focusing on providing integrated drilling solutions and services across Southeast Asia and beyond. Specialising in jack-up drilling rigs, Velesto distinguishes itself through its commitment to safety, efficiency, and technological innovation. The company has achieved significant milestones, including the successful deployment of advanced drilling technologies that enhance operational performance. With a strong market position, Velesto has garnered recognition for its reliability and expertise, making it a preferred partner for major oil and gas operators. As it continues to expand its footprint, Velesto remains dedicated to delivering exceptional value in the energy sector.
DitchCarbon Score
How does Velesto's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Retail Trade Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Velesto's score of 30 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Velesto's reported carbon emissions
In 2023, Velesto, headquartered in Malaysia, reported total carbon emissions of approximately 63,469,000 kg CO2e from Scope 1, 477,000 kg CO2e from Scope 2, and 67,000 kg CO2e from Scope 3 emissions. This reflects a notable increase in Scope 1 emissions compared to 2022, where they were about 54,936,000 kg CO2e, while Scope 2 emissions were slightly reduced from 452,000 kg CO2e. The Scope 3 emissions also increased from 33,000 kg CO2e in 2022. Velesto has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. The company has disclosed emissions data across all three scopes, demonstrating transparency in its reporting practices. The emissions intensity ratios for Scope 1 and 2 relative to revenue were approximately 53.0 kg CO2e per USD in 2023, compared to 95.0 kg CO2e per USD in 2022, suggesting an improvement in operational efficiency despite the increase in total emissions. Overall, while Velesto has made strides in emissions reporting, the absence of defined reduction targets highlights an opportunity for enhanced climate action in the future.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 60,050,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - | - | 00,000 | 00,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Velesto is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
