Beyond Profit: A Look Into How Petronas Is Fueling a Brighter Future for All

Oil and gas companies often conjure images of vast rigs, pipelines snaking across landscapes, and the economic engine that fuels modern life. But what about the impact these companies have on the very communities they rely on for resources? Well, there is at least one oil and gas company that has coupled its responsible resource management with social progress and environmental stewardship, and thereby set an example for other organizations to follow.

Petroliam Nasional Berhad, or Petronas, Malaysia's national oil and gas giant, plays a vital role in the country's economy, powering homes and industries. However, Petronas goes beyond simple resource extraction. It understands its critical role in the social fabric of Malaysia and the wider region. This dedication to social responsibility fuels a range of initiatives that empower marginalized communities, invest in a skilled future, and protect the environment for generations to come.

Today, in our #BeyondProfit series, we'll delve deeper into Petronas' social responsibility efforts and explore how it has ensured a brighter future for everyone through investments in education, healthcare, and community development programs.

1. Building Futures Through Education

Petronas recognizes that education is the bedrock of a thriving society. Through initiatives like the Petronas Education Sponsorship Programme (PESP) and scholarships offered by Universiti Teknologi Petronas (UTP), it cultivates a skilled future workforce and empowers underprivileged students to pursue critical fields like STEM.

Petronas Education Sponsorship Programme (PESP) provides scholarships and financial aid to deserving Malaysian students from underprivileged backgrounds. It empowers them to pursue higher education in critical fields like science, technology, engineering, and mathematics (STEM). This flagship program isn't just about financial aid. It's a life-changing opportunity for deserving Malaysian students from underprivileged backgrounds.

Similarly, Universiti Teknologi Petronas (UTP), which was established in 1997, is a premier university known for its focus on engineering and technology. It's not just about prestige – UTP offers targeted scholarships specifically for students from rural and low-income families. In 2022, for instance, UTP awarded 500 scholarships to deserving students from across Malaysia, ensuring that financial limitations don't hinder access to quality education.

2. Investing in Healthcare for All

Petronas understands that a healthy population is a productive population. It tackles regional health challenges through partnerships like the Global Resolve Partnership and bridges healthcare access gaps in rural areas with its Bantuan Medik Petronas (BMP) program.

Under the Global Resolve Partnership, Petronas collaborates with international health organizations to combat infectious diseases like malaria and tuberculosis in Southeast Asia. This program provides vital medical supplies and healthcare infrastructure to under-resourced communities. Through its collaboration with international health organizations like The Global Fund, Petronas has provided vital medical supplies and infrastructure to under-resourced communities in countries like Cambodia and Vietnam. In 2021, its contribution of $10 million helped equip healthcare facilities and train medical personnel, directly impacting thousands of lives.

While Petronas has played a key role in ramping up medical supplies in under-resourced communities, it also understands that access to healthcare shouldn't be a luxury. Petronas' Bantuan Medik program goes directly to those who need it most. In remote villages across Malaysia, Petronas organizes free medical checkups, consultations, and medication distribution. This initiative bridges the gap in healthcare access, particularly in rural areas with limited medical facilities. A 2019 BMP program in Kelantan treated over 3,000 villagers, providing crucial medical attention and promoting preventative healthcare practices.

3. Empowering Local Communities

Petronas goes beyond a one-size-fits-all approach. It works hand-in-hand with local communities to identify their specific needs. From clean drinking water projects to cleaner energy sources through Petronas Peninsular Gas Distribution (PGD), Petronas empowers communities and fosters sustainable development.

Under its Community Development Programmes, Petronas works with local communities to identify their specific needs and develop targeted programs. These programs address issues like rural development, infrastructure improvement, and skills training. Moreover, Petronas Peninsular Gas Distribution Sdn Bhd (PGD), a Petronas subsidiary, focuses on bringing clean and affordable natural gas to rural communities. This not only improves their quality of life but also reduces dependence on traditional fuels like firewood, protecting the environment.

4. Championing Environmental Sustainability

Recognizing its environmental footprint, Petronas demonstrates a commitment to a greener future. It invests in renewable energy projects like the Langsat Solar Project and actively participates in habitat conservation programs.

The Langsat Solar Project launched in 2022 is a large-scale solar photovoltaic plant in Terengganu. This project not only generates clean energy but also reduces reliance on fossil fuels, contributing to a more sustainable future for Malaysia. Also, the Petronas Habitat Enhancement Programme focuses on environmental conservation efforts, including protecting endangered species and restoring natural habitats.

Bottom Line

Petronas goes beyond being an energy provider. Its commitment to social responsibility extends to education, healthcare, community development, and environmental sustainability. Through these initiatives, Petronas empowers marginalized communities, fosters a skilled workforce, and safeguards the environment for future generations. It is a prime example of how a large corporation can use its resources to create positive social change.

What are your thoughts on Petronas' social responsibility efforts? Share your comments below! Stay tuned for more inspiring stories in our #BeyondProfit series!