KUALA LUMPUR, October 17 – UEM Edgenta Berhad, the leading Asset Management and Infrastructure Solutions company in the region, has taken a momentous step towards a greener future by launching its groupwide Net Zero Targets. The company is firmly committed to achieving net-zero greenhouse gas (GHG) emissions by 2050. The launch, graced by YB Nik Nazmi Nik Ahmad, the Minister of Natural Resources, Environment, and Climate Change, marks a significant commitment to combat climate change and drive sustainability in Malaysia and beyond.
UEM Edgenta’s ambitious targets include reducing its operational GHG emissions by 26% by 2030 and ultimately achieving net-zero emissions by 2050. These goals are in alignment with the International Energy Agency’s Net Zero Emissions by 2050 Global Pathway published in 2022. These targets are set against the company’s 2022 groupwide global baseline GHG carbon footprint of 17,577 tonnes of carbon dioxide equivalent (tCO2e). To achieve these objectives, UEM Edgenta is adopting a multifaceted approach, focusing on energy efficiency solutions, renewable energy generation, and the electrification of its vehicle fleet.
In an era of heightened climate awareness, UEM Edgenta stands behind Malaysia’s commitment to sustainability across the economy, society, and the environment, ultimately working towards the national goal of achieving net-zero emissions by 2050. The company aligns its efforts with the 12th Malaysia Plan (12MP) for 2021-2025, emphasizing sustainability across all sectors. Guided by the Finance Ministry’s Economic 2023 Outlook Report and embracing the National Policy on Climate Change, UEM Edgenta aims to contribute to Malaysia’s sustainable development goals through eco-friendly materials, renewable energy models, and sustainable asset management practices.
As part of its commitment, UEM Edgenta introduces OPUS Consultants’ Sustainable Solutions, a comprehensive approach aimed at enhancing asset performance and value through sustainability, technology, and data analytics. This solution not only supports the company’s sustainability goals but also offers clients the benefits of expertise, cost savings, and a greener future. Building on the success of the RM100 million allocations under the Sustainable Zero-Capex Programme for Sarawak, UEM Edgenta extends this initiative with an additional RM100 million allocation in Peninsular Malaysia.
This program, in collaboration with NRECC, focuses on sustainable asset life cycle management and the built environment across various sectors, including healthcare, industrial, commercial, and residential. It aims to empower building and asset owners to accelerate their sustainability agendas with minimal upfront costs through OPUS Consultants’ end-to-end sustainability solutions. These services encompass greenhouse gas emissions consultancy, environmentally certified building conversions, comprehensive operations and maintenance, and real-time monitoring through centralized command and contact centers.
To leverage cutting-edge technologies like IoT and digital twins, UEM Edgenta collaborates with sister company EdgentaNxt and strategic partners. YB Nik Nazmi Nik Ahmad, the Minister of Natural Resources, Environment, and Climate Change, commended UEM Edgenta’s commitment, stating, “UEM Edgenta’s unwavering commitment is not only commendable but serves as an inspiring example for the broader business community. I hold firm in my belief that this initiative will play a pivotal role in expediting Malaysia’s transition to a low-carbon economy.”
The event also featured the signing of three Memorandum of Business Exploration (MOBE) with partners Earth Finance Inc., Honeywell International Sdn. Bhd, and Yinson Green Technologies, strengthening strategic partnerships for sustainable solutions and green financing. These MOBEs will align UEM Edgenta with international standards and provide decarbonization solutions. Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, emphasized, We are well-prepared to support the NETR with our expertise, collaborating with Khazanah and UEM Group to become a global sustainability services provider.
We envision a National Adaptation Plan that bolsters our nation’s resilience against climate change. UEM Edgenta’s commitment to sustainability and its ambitious Net Zero Targets initiative reaffirm its role as a key player in Malaysia’s journey towards a greener, more sustainable future.
