Malakoff's Green Transition Towards a Better Malaysia
Malakoff Corp. Bhd. is an energy, environment, and waste management company that has been around for almost half a century. It is currently undergoing a strategic transformation to focus on renewable energy (RE) and environmental solutions.
The company's new business pillars are:
- Malakoff Green Solutions: This pillar will focus on providing green energy solutions through sustainable best practices.
- Malakoff Environmental Solutions: This pillar will focus on environmental management and solutions that are dedicated to serving communities and the planet.
- Malakoff Energy: This pillar will focus on providing energy management solutions.
The company has set ambitious goals, including increasing its RE capacity to 1,400MWp by 2025 and achieving a 15% to 20% recycling rate from waste collected by subsidiary Alam Flora Sdn Bhd. It also aims to reduce its greenhouse gas emissions intensity by 30% by 2031 and become a net-zero emissions organisation by 2050.
Malakoff is supporting Malaysia's energy transition by decarbonising its existing plants using biomass co-firing and helping consumers, businesses, and individuals adopt RE. The company is also exploring solar greenfield projects and expanding its presence in the small hydro space.
Malakoff's strategic transformation is a bold and ambitious move, but it is necessary to meet the challenges of the 21st century. The company is well-positioned to succeed in this new era, and its efforts will help make Malaysia a more sustainable country.
Here are some additional details about Malakoff's strategic transformation:
- The company is investing heavily in RE, with plans to add 1,400MWp of capacity by 2025.
- It is also expanding its environmental solutions business, with a focus on waste management and recycling.
- Malakoff is working with the government to promote the adoption of RE and to make it more affordable for consumers.
- The company is committed to becoming a net-zero emissions organisation by 2050.
Malakoff's strategic transformation is a positive development for Malaysia. The company's efforts to promote RE and environmental solutions will help reduce the country's reliance on fossil fuels and improve its environmental performance.
To view and compare company ESG Ratings and Sustainability Reports, visit our Company ESG Profiles page.
Source: The Edge Malaysia
