Ranhill Utilities Berhad is actively participating in the Asia-Pacific Climate Week 2023 (APCW) held in Johor Bahru from November 13-17.
As a sponsor and exhibitor, Ranhill is leveraging this platform to reinforce its position as a prominent industry player committed to sustainability within the water, energy, and engineering sectors.
Objectives and Expectations at APCW 2023
Ranhill sees APCW as an opportunity to strengthen its industry presence and contribute to the growth of sustainable solutions. The company aims to showcase its commitment to sustainability, aligning with global goals like the Net Zero 2050 target. Azmal Rais Abdul Majid, Lead for Sustainability and ESG at Ranhill, emphasises the importance of collaboration with local ESG practitioners to develop roadmaps for Malaysian companies, fostering a thriving ecosystem.
Contributing to a Low-Carbon Economy
Ranhill is actively contributing to Malaysia’s transition to a low-carbon economy. In partnership with the Malaysian Green Technology and Climate Change Corporation, the company has developed a comprehensive Greenhouse Gas (GHG) baseline and roadmap, aligning with its Net Zero Carbon 2050 objective. The commitment extends to renewable energy initiatives, including Combined Cycle Gas Turbine (CCGT) plants, a 50 MW Large Scale Solar (LSS) farm, and participation in the Corporate Green Power Programme (CGPP).
Promoting Sustainable Practices
Ranhill extends its sustainability commitment to its supply chain, ensuring that suppliers adhere to high levels of regulatory compliance and align with exemplary Environmental, Social, and Governance (ESG) practices. ESG performance is becoming a criterion for tenders, reinforcing a zero-tolerance stance on corruption within the supply chain.
Enhancing Sustainability Leadership
Ranhill’s dedication to environmental and social performance goes beyond altruism. The company emphasises the interconnectedness of people, planet, and profit, focusing on balancing increased water supply with safeguarding the ecosystem. Ranhill actively collaborates with government agencies, industry players, and guidance partners to align its sustainability initiatives with national and global standards.
Vision for a Sustainable Future
Ranhill’s vision is to “Enrich Lives Through Sustainable Solutions,” aiming to elevate the quality of life by playing a leading role in nation-building through sustainable environmental and energy solutions.
Notable Sustainability Achievements
Ranhill has achieved recognition in various forums, including securing top positions in renewable energy categories, receiving the TalentCorp’s Life At Work Award, and achieving Gold in The Edge ESG Awards Equities Category for Utilities.
Measuring and Tracking ESG Performance
Ranhill tracks its progress on ESG performance through operational KPIs, and in some subsidiaries, Senior Management’s remuneration is linked to environmental and social performance metrics.
Addressing Water Scarcity and Climate Change
Ranhill actively addresses water scarcity and climate change impacts by exploring alternative water sources, investing in climate-resilient infrastructure, promoting the circular economy, and implementing water conservation initiatives.
Communication of Sustainability Commitments
Ranhill actively engages with stakeholders, including customers, regulatory bodies, and the public, to communicate its sustainability commitments and progress. Stakeholder engagement provides valuable insights into perspectives, desires, and expectations.
Innovative Technologies for Water Management
Ranhill has embraced digitalisation and innovative technologies for water management, employing predictive maintenance, real-time data analysis, and advanced monitoring systems to enhance operational efficiency.
Ranhill Utilities Berhad remains dedicated to its sustainability agenda, contributing to a better world by prioritizing the protection of valuable resources and exploring alternative pathways to meet the world’s growing energy demands.