KAB reaffirms commitment to sustainability

KUALA LUMPUR: Kinergy Advancement Bhd (KAB) said it remains committed to sustainability, which has been reflected in its strategic collaboration with Mah Sing Group Bhd and Alliance Bank Malaysia Bhd to foster the adoption of environmental, social and governance (ESG) best practices.

In a statement, the one-stop energy and engineering solutions provider said it has a pivotal position in the partnership that stems from being one of the initial green vendors selected by Mah Sing.

"The group was chosen to participate in Bursa Malaysia Centralised Sustainability Intelligence Platform (CSI) under Mah Sing’s Supply Chain Sustainability Improvement Program, making the group among the early adopters in the CSI platform Early Adoption Programme," it said.

"This platform served as the catalyst that ignited a strategic partnership, aimed at empowering supply chain participants, suppliers, and vendors such as KAB to seamlessly integrate ESG practices into their operational frameworks."

KAB has been proactively contributing to the collective effort, including being one of the early adopters in disclosing its carbon footprint to Mah Sing.

It said this transparency has played an instrumental role in Mah Sing's commendable efforts towards decarbonising its supply chain, making KAB one of the digitally led and sustainability-enabled business organisations at the forefront of this transformative initiative.

In addition, Alliance Bank introduced KAB to a green technology financing scheme, fostering a partnership that effectively reduces capital costs.

KAB said the collaboration makes sustainable practices financially viable for businesses of all sizes and enables it to procure financial funding for investments in the adoption of green technologies.

"We are honoured to be embarking on this value creation opportunity together, as it perfectly aligns with our commitment to sustainable energy solutions. We have made sustainability a cornerstone of our fundamental approach," said KAB executive deputy chairman cum group managing director Datuk Lai Keong Onn.

He added that the group has launched its inaugural ESG campaign, which it intends to host annually as part of its commitment to encourage ESG engagement and communications at all levels.