Malakoff's Green Transition Towards a Better Malaysia

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by KnowESG
KnowESG_Malakoff's Green Transition Towards a Better Malaysia
Image courtesy of https://theedgemalaysia.com/

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.

For more company-related news

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Source: The Edge Malaysia

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