Ranhill Utilities Bhd, a leading company in Malaysia's utilities sector, has been awarded the gold prize in the utilities category at The Edge Malaysia ESG Awards 2023. The company's commitment to environmental, social, and governance (ESG) principles is evident in its approach to value creation, which integrates financial and commercial motives with ESG considerations. Ranhill Utilities focuses on ensuring sustainable water supply and delivering clean energy solutions [07ccbe05].
Ranhill Utilities has expanded its operations beyond the utilities sector and ventured into the oil and gas, infrastructure, and services sectors. However, the company faces challenges such as addressing non-revenue water and mitigating the effects of climate change on river water supply. To tackle these challenges, Ranhill Utilities is exploring innovative solutions, including tapping into wastewater as a sustainable water source and collaborating with strategic partners for large-scale carbon capture and storage projects [07ccbe05].
One of Ranhill Utilities' subsidiaries, Ranhill SAJ, has also received recognition for its Micro Hydro Application at the Gunung Ledang Water Treatment Plant. This project demonstrates the company's commitment to sustainable water management and clean energy generation [07ccbe05].
Ranhill Utilities hopes for greater clarity and focus on Malaysia's net-zero emissions target. The company calls for continuous communication and support for sustainability pathways to ensure a successful transition to a low-carbon economy. Ranhill Utilities acknowledges the support and partnership of the government, industry players, supply chain, and advisory partners in their sustainability efforts [07ccbe05].
YTL Corp Bhd has also won a gold award for embedding ESG goals into its business operations and foundations. The company reviewed its long-term strategy to align with ESG principles and has been working towards a low-carbon economy and resilient communities for the past three decades. YTL Corp overcame the challenges of integrating sustainability practices and addressing differing maturity levels in sustainability by engaging stakeholders in various sectors and collaborating with business units for joint problem-solving. The company's involvement in multiple industries, including utilities, building materials, hospitality, and construction, allows each industry to have its own sustainability strategy and a focus on reducing carbon emissions. YTL Corp aims to achieve carbon neutrality in its operations by 2050. The company hopes policymakers will implement clear and cohesive climate or ESG-related regulations to provide businesses with a structural approach to integrating ESG practices into their operations. YTL Corp's commitment to the green economy is demonstrated by the YTL Green Data Center Park, a 500MW data center in Malaysia powered by solar energy on-site [5f1a54d2].
Seplat Energy Plc, a Nigerian company, has achieved the ISO 26000 endorsement for social responsibility. This endorsement reinforces Seplat Energy's commitment to operating in a socially responsible way and respecting society, the environment, and the communities in which it operates. The ISO 26000 journey began in September 2021 and concluded in 2023, culminating in the recognition of Seplat Energy's efforts. The company's CEO, Mr. Roger Brown, emphasized the importance of social responsibility in their business strategy and their commitment to creating value in the communities where they operate through high-impact corporate social initiatives [0589f0ee].
Seplat Energy is only the second company to achieve the ISO 26000 certification, according to the president/Lead Consultant of INCSR, Eustace Onuegbu. He described the certification as a detailed and meticulous process that reflects the true picture of the company and the hard work put into achieving it. The chief operating officer of Seplat Energy, Samson Ezugworie, expressed pride in the milestone and stated that it launches Seplat Energy into the global league of social responsibility. He highlighted the company's commitment to labor practices, compliance with regulations, environmental stewardship, and stakeholder engagement [0589f0ee].
Minsait, a technology company, received the SAP Pinnacle Award in the Sustainability category at the SAP Sapphire Conference in Orlando, USA. The award recognizes Minsait's integrated approach to projects and its contribution to the environment. Sebastián Bamonde, Global Director of Supply and Operations at Minsait, collected the award and emphasized the company's commitment to sustainability and innovation. Minsait incorporates ESG criteria in its products and services and aims to help customers create innovative and sustainable business models. Minsait is part of SAP's exclusive group of Strategic Partners and has achieved other awards and recognition for its work with SAP solutions. The company's strategic plan focuses on accelerating digitization and addressing social and environmental challenges. The SAP Pinnacle Award reinforces Minsait's leadership in solutions for business transformation [03538621].
In a recent development, RHB Islamic International Asset Management's i-Sustainable Future Technology Fund won two gold awards at The Edge Malaysia ESG Awards 2024, including best overall fund and best fund in the equity asset class. Additionally, RHB Asset Management's ESG Multi-Asset Fund won gold in the best fund in the allocation asset class. RHB also received a silver award for its Climate Change Solutions Fund in the best impact fund under the resource security category. Ng Chze How, managing director and CEO of RHB Asset Management, emphasized the importance of sustainability and adapting to market volatility [2d4967b1].