sustainability

ESG

Pioneering Sustainable Global Business Practices While Redefining Business Ethics: ReSkills Launches myESG100

KUALA LUMPUR: ReSkills, Malaysia’s leading subscription-based global online learning platform, is embarking on a transformative journey in sustainable leadership with the launch of myESG100. Responding to the increasing demand for enhanced sustainability practices both locally and globally, this initiative is dedicated to promoting environmental, social, and governance (ESG) values. With the motto “Making Sustainability Everyone’s Priority,” myESG100 aims to revolutionize responsible business practices through monthly discussions centered on sustainability. The launch event, held at the ReSkills Hub on 14 May 2024, began with an opening address by Mr. Ken Lim, Founder of myESG100, followed by a speech from Mr. Edison Choong, Head of MATRADE’s ESG Unit. Notable attendees included Dato’ Ong Bee Leng, Dato’ Seri Dr. Raymond Liew, Miss Zoel Ng, Mr. Nelson Liew, Mr. Adrian Banie Lasimbang, Dr. Sham Razak, Tan Sri Datuk Danny Ooi, and Mr. Mohammad Fazril Mohd Saleh. The event also featured the signing of a Memorandum of Understanding (MOU) between myESG100 and key ESG-focused organizations such as ESG Malaysia, the National ESG Research Institute, BNC Malaysia, and the Yeoh Foundation. By bringing these entities together, myESG100 aims to raise awareness about the importance of ESG in achieving sustainable solutions. The initiative seeks to connect like-minded individuals, industry leaders, and sustainability experts through engaging discussions, workshops, and networking sessions designed to explore innovative solutions to sustainability challenges. At the core of myESG100 is a bold vision to empower communities through Sustainability, Mobility, Accessibility, Renewability, and Technology (S.M.A.R.T). This vision is brought to life through five transformative pillars: 1. Product: Developing transformative learning experiences that empower innovation and shape the future, focusing on clean energy solutions, connectivity, and democratizing access to essential information. 2. Community: Cultivating ESG awareness across various community levels and engaging individuals, public and private entities, and corporations in the pursuit of sustainability. 3. Partners: Collaborating with like-minded partners to amplify the impact of ESG-centric programs and initiatives, fostering a culture of sustainability and responsibility. 4. Ambassadors: Enlisting influential leaders from various sectors to champion the integration of ESG principles into everyday life. 5. Events: Organizing dynamic events that raise awareness and inspire action, aiming to incorporate ESG principles into business practices and societal norms. myESG100 is committed to fostering the adoption of ESG-based products and sparking conversations that elevate ESG awareness across all levels of society. By collaborating with partners and influential figures, myESG100 paves the way for a future where ESG principles are seamlessly integrated into daily life. Ken Lim, Founder of myESG100, emphasized, “All these pillars must work together in tandem if we want to reach our goals of becoming a smart nation. Our efforts include the holistic empowerment of all communities by offering quality education and connectivity to elevate various aspects of their lives, regardless of geographical limitations. By focusing on all five pillars, we can bring forth sustainable efforts for all Malaysians, one step at a time.” An example of this commitment is the ReSkills S.M.A.R.T Hub. Launched on 12 December 2023, this prototype represents a green-fueled learning and innovation center. Powered by solar energy, the S.M.A.R.T Hub offers a sustainable solution that empowers rural communities while protecting the environment, making high-quality education accessible to everyone, regardless of their geographical or socioeconomic status. The significance of the MOU lies not just in its signing but in the promise it holds for collaboration, innovation, and progress towards a sustainable future. Through strategic partnerships and concerted efforts, myESG100 and ReSkills aim to pave the way for future generations, ensuring access to high-quality educational opportunities that champion sustainability principles and drive positive global change. For more information about myESG100, please visit [myesg100.org](https://myesg100.org/).

Energy & Technology, Investment & Market Trends, News

PGB Intensify Efforts Towards Green Initiatives Amid Strong Financial Performance

KUALA LUMPUR: Petronas Gas Bhd (PGB) is committed to creating secure high-impact projects by leveraging on its core competencies and exploring industry-adjacent opportunities. This was revealed during the group’s 41st annual general meeting (AGM), where PGB reiterated its efforts of integrating sustainability into all decision-making processes, prioritising economic growth and sustainable development equally at all levels. “PGB’s efforts in upholding strength, resilience and sustainability are anchored in its strategic agenda of pursuing growth while maintaining commercial project and operational excellence,” the group said in a statement released in conjunction with the meeting. During the virtual session of the AGM, PGB Managing Director and Chief Executive Officer Abdul Aziz Othman highlighted the group’s strong 2023 financial performance with profit earnings increasing by 8.1% to RM1.9 billion compared to the previous year. The positive results were attributed to continued operational excellence and robust margins from the utilities segment as well as higher contribution from joint venture companies. “Backed by improved performance, the group declared a total dividend of 72 sen per share,” he said. For PGB’s full financial year ended 31 December 2023 (FY23), the group reported a total revenue of RM6.45 billion, an increase of 4.6% from RM6.16 billion posted in FY22, which was mainly contributed by the increased revenue from the utilities segment on the back of higher product prices in tandem with elevated fuel gas price and higher electricity tariff. By maintaining its successful performance and reliability across all its plants and facilities, the group was able to ensure steady earnings from long-term contracts under gas processing, gas transportation, regasification and utilities segments amidst challenging market conditions on the back of long-term agreements. For the fourth quarter ended 31 December 2023 (Q4 FY23), the group’s revenue declined by 3.1% to RM1.58 billion compared to RM1.63 billion posted in Q4 FY22 due to lower revenue from utilities and regasification segments. The lower utilities revenue was mainly due to lower product prices and customers’ offtake, while regasification revenue was lower. “Despite the challenging business environment, PGB still managed to record a strong financial performance in FY23. As we move forward, we continue to explore opportunities for growth within the National Energy Transition Roadmap (NETR),” Abdul Aziz said. He added that the group also initiated efforts to pursue a greener portfolio to support its target to achieve Net Zero Carbon Emissions by 2025.

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