AT THE MALAYSIA RACE TO ZERO WEBINAR: SARAWAK ENERGY SHARES SUSTAINABILITY INITIATIVES TOWARDS A LOW-CARBON ECONOMY
KUCHING 31st March 2021 – Sarawak Energy had the opportunity to share with multinational industry leaders its vision of securing a sustainable energy future for Sarawak and its ongoing efforts to achieve this by exploring renewable energy solutions during the Malaysia ‘Race to Zero’ campaign webinar.
On the webinar’s panel session titled “Why Combating Climate Change is a Business Priority for Us”, Mohamad Irwan Aman, Head of Sustainability Division for Sarawak Energy said that Sarawak Energy acknowledges and understands how crucial it was to set a business ambition that would contribute to the global and national sustainability agenda.
“We are a growing utility and energy provider, and sustainability underpins the way Sarawak Energy operates. This requires us to understand climate change risks and opportunities in order to maintain business resilience. As we progress our ambition to achieve full electrification in Sarawak by 2025 from our current 98% domestic coverage, we are aligned with the United Nations Sustainable Development Goals, with much focus on six main goals especially Goal 7 on Affordable and Clean Energy and Goal 13 on Climate Action.”
Mohamad Irwan was among fellow panelists Stuart Milne, Chief Executive Officer for HSBC Bank Malaysia; Jason Snape, Global Head of Environmental Protection for AstraZeneca; and Andreas Pistauer, Managing Director for Siemens Energy Malaysia. Dato’ Mohammad Faiz Azmi, Executive Chairman for PwC Malaysia moderated the session.
Race to Zero is a global campaign to rally leadership and support from businesses, cities, regions and investors on achieving a net-zero economy by 2050. The webinar, jointly held by the British Malaysian Chamber of Commerce (BMCC) and the British High Commission Kuala Lumpur on last Thursday, aims to highlight the benefits of shifting to a zero-carbon future, in advance of the 2021 United Nations Climate Change Conference (COP26) which will be hosted by United Kingdom and Italy in November this year.
In his sharing, Mohamad Irwan mentioned that Sarawak Energy was also actively pursuing opportunities in the adoption of low-carbon solutions and the promotion of a low-carbon economy.
In 2019, Sarawak Energy built and commissioned Southeast Asia’s first integrated hydrogen production plant and refueling station in Kuching with Linde, the world’s largest industrial gas company. Given its abundant hydropower resources, Sarawak provides an ideal setting in enabling the hydrogen economy and hence a study was initiated as pioneering steps to explore the commercial and public application of hydrogen and fuel cell technology.
“Sarawak Energy now produces green hydrogen through electrolysis at the facility, contributing to the development of technologies that will alter the energy utilisation landscape and progress a green hydrogen economy for Sarawak,” said Mohamad Irwan.
He added that Sarawak Energy is also embarking on a large-scale floating solar on one of its hydropower reservoirs and all this shows how active the company is in exploring alternative renewables and that it will continue to invest in digitalisation, energy-efficient generation and climate-friendly technologies to further reduce carbon emissions from its power system.
A milestone in its sustainability commitment, Sarawak Energy is the first company in Malaysia to sign the pledge for “Business Ambition for 1.5°Celsius” under the United Nations Global Compact in July 2020. By signing the pledge, Sarawak Energy commits to setting a science-based emission reduction target across relevant scopes, in line with the Paris Agreement to pursue efforts to limit the global temperature increase to 1.5°C above pre-industrial levels by 2030.
Since then, Sarawak Energy has developed a high-level strategy on Climate Action that would help the company mitigate and adapt to climate change impacts. Together with science-based targets initiative (SBTi) under the “Business Ambition for 1.5°Celsius” pledge, Sarawak Energy has embarked into voluntary climate-related financial disclosures guided by the Task Force on Climate-Related Financial Disclosures (TCFD) for better access to data in managing climate-related risks. This will increase the effectiveness in measuring and evaluating climate-related risks pertaining to Sarawak Energy and its supply chain.
“Our business model supports this ambition. Our focus on renewable hydropower making up the primary component of Sarawak Energy’s generation mix has already seen the carbon emission intensity of Sarawak’s main grid decrease by 68% over 2011 to 2019. Sarawak Energy is celebrating its 100 years of powering Sarawak this year and we look forward to another 100 years of responsibly providing renewable energy solutions for Sarawak and beyond,” he concluded.