Annual Report 2023
Empowering communities,
Enriching Lives
Download Annual Report 2023
Yayasan PETRONAS at a glance
Yayasan PETRONAS is the social impact arm of PETRONAS. Our mission is to deliver positive and sustainable impact on the well-being of society across the nation. With our pillars of Education, Community Well-being & Development and Environment, we believe that we can unlock the potential of individuals, foster inclusive and resilient communities as well as preserve our environment.
We continue to be committed to creating impactful value for all, working towards ‘Empowering Change in Communities’ for the betterment of society.
2023 Financial Impact
Contributing to Better Lives and Stronger Communities
Guided by the ambition to empower lives and enrich communities for the long term, we continued to create positive impact throughout 2023. During the past year, we have invested in driving the adoption of STEM learning, restoring natural habitats and empowering entrepreneurs, amongst other positive outcomes. These efforts were further bolstered with our Theory of Change, which enabled us to focus our investments into areas that can deliver the greatest possible impact.
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Community Well-being Development
EDUCATION: POWERING KNOWLEDGE
ENVIRONMENT: PLANTING TOMORROW
Yayasan PETRONAS’ Theory of Change
and Impact Measurement Framework
During the past year, we embedded the Theory of Change framework as a basis to assess our programmes across all three pillars and, looking outside our existing investments, to identify areas where potential contributions may deliver the greatest impact.
This exercise directly led us to the identification of special needs education and seagrass conservation as two areas where we may consider scaling up our efforts in future.
EDUCATION: Powering Knowledge
Malaysia’s advancement is driven by its people, and our aim is to empower students of all backgrounds to fulfill their – and the nation’s– greatest potential.
Our educational efforts are geared towards a singular goal: achieving a 60:40 National Science, Technology, Engineering, and Mathematics (STEM) enrolment ratio. We believe in the power of STEM as it promotes the redevelopment of higher order thinking skills such as creativity, problem-solving and analysis. These skills foster an inquisitive and innovative mindset, equipping students to adapt and grow as the world changes around them.
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COMMUNITY WELL-BEING & DEVELOPMENT: Uplifting Lives
Local communities are the bedrock of Malaysia’s economy, especially in rural areas of the country. However, many of their residents face difficulties in advancing their economic standing due to limited access to key services and resources.
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ENVIRONMENT: Planting Tomorrow
Planet Earth is more than a place where nature lives. It is our shared home and the foundation upon which our connections and livelihoods are built. As such, any damage dealt to the planet impacts not only the animals and plants that live there but also us, as humans and communities.
Recognising our responsibility to safeguard this ultimate shared resource, we implement nature-based solutions that aim to protect biodiversity, conserve natural environments and contribute to the removal of carbon from the atmosphere. We do this with an inclusive approach, working hand-in-hand with local communities to build their capabilities and strengthen their resilience against climate change and its related effects.
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