KAB reaffirms sustainability pledge

KUALA LUMPUR: Kinergy Advancement Bhd (KAB) will remain committed to sustainability as 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 had a pivotal position in the partnership that stemmed from being one of the initial green vendors selected by Mah Sing.

“The group was chosen to participate in Bursa Malaysia Centralised Sustainability Intelligence (CSI) platform under Mah Sing’s supply chain sustainability improvement programme, making the group among the early adopters in the CSI platform,” it said.

The platform served as the catalyst that ignited a strategic partnership aimed at empowering supply chain participants, suppliers, and vendors, including 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.

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

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

“The collaboration makes sustainable practices financially viable for businesses of all sizes which enables them to procure financial funding for investments in the adoption of green technologies,” stated KAB.

“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 had 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.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Affin appoints Mohammad Fairuz Mohd Radi as executive director of group community banking
Moody's cuts China's credit outlook to negative
Foxconn raises Q4 outlook on strong year-end holiday sales
Asian stocks slide as focus turns to US jobs
Oil prices little changed amid OPEC+ cut doubts, Mid-East tension
Maybank IB cautiously optimistic about Malaysia’s economy, equities next year
eMadani provision will not raise inflation in Malaysia - Ahmad Maslan
NCT Group sees strong demand for Ion Belian Garden in Batang Kali
FBM KLCI slips further at lunch break
Australia's central bank holds cash rate at 4.35%

Others Also Read