Brand valuation consultancy Brand Finance says perceptions of Petronas’s reputation and reliability continue to strengthen.PETALING JAYA: Petronas has retained its position as Asean’s second most valuable brand, according to a brand valuation consultancy, with Genting and Maybank also making the region’s top 10.

Brand Finance’s Asean 500 report valued Petronas’s brand at US$13.8 billion despite a 4% decline from last year, which it attributed to lower energy prices.

The national oil and gas company also topped Asean brands in sustainability perceptions value, at US$1.3 billion. This represents the value attributed to perceptions of its sustainability efforts, including its energy transition strategy and commitment to net-zero carbon emissions.