PETALING JAYA: Local hypermarket chain Mydin Mohamed Holdings will look at installing solar panels at 15 of its outlets nationwide, in support of the government's push towards a green sustainable future.
The installation of the panels is part of the company's new Mydin Prihatin #forfuture programme that aims to push for the adoption of more environmentally conscious, socially responsible, and well-governed (ESG) practices among its workforce, customers and the industry as a whole.
Natural Resources, Environment and Climate Change minister Nik Nazmi Nik Ahmad, who officiated the program's launch, applauded the company's commitment and called it an important step towards achieving a sustainable future for the country.
"Mydin's push towards environmental protection serves as a key enabler to expand their business and create new value while fighting climate change.
"This is because ESG application has become one of the key elements that global investors value when exploring potential investment.
"I hope Mydin's commitment will serve as an example for other organisations on the need to adopt more ESG focused in order to remain relevant and competitive while ensuring a better future for future generations," he said at the programme's launch here Tuesday (Aug 1).
The solar panels are to be fully installed in a collaborative effort with GSPARX Sdn Bhd, a wholly-owned subsidiary of Tenaga Nasional Berhad, by 2025.
The solar panels are expected to reduce the carbon emissions of the 15 Mydin outlets by 20,643 metric tonnes per year which is equivalent to planting 639,918 trees annually, according to Mydin's managing director Datuk Wira Ameer Ali Mydin.
He noted that this was part of the company's goal of achieving a 15% reduction in energy consumption and carbon emissions by 2030.
"We are also looking to reduce 50% of excessive waste in our operations as well as exploring actions and measures to further reduce our plastic usage by 2030," he said in his speech at the event.