MSM Malaysia Holdings Bhd
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MSM Malaysia Holdings Berhad is a leading sugar manufacturer in Malaysia, with a history dating back to 1968. The company has a strong presence in the domestic market, and also exports its products to over 20 countries worldwide. MSM Malaysia Holdings Berhad is committed to sustainable business practices, and has implemented various initiatives to reduce its carbon footprint and promote renewable energy.
Decarbonisation is a key focus area for MSM Malaysia Holdings Berhad, and the company has set ambitious targets to reduce its greenhouse gas emissions. In 2020, the company announced its commitment to achieving net-zero carbon emissions by 2050. To achieve this goal, MSM Malaysia Holdings Berhad is implementing a range of measures, including energy efficiency improvements, renewable energy investments, and the use of low-carbon fuels.
Corporate energy is another area of focus for MSM Malaysia Holdings Berhad. The company has implemented various initiatives to reduce its energy consumption and improve its energy efficiency. For example, MSM Malaysia Holdings Berhad has invested in energy-efficient equipment and lighting, and has implemented energy management systems to monitor and control its energy use. These initiatives have not only helped the company to reduce its carbon footprint, but have also resulted in significant cost savings.
Corporate power purchase agreements (PPAs) are an important tool for MSM Malaysia Holdings Berhad to promote renewable energy. The company has entered into several PPAs with renewable energy developers, which enable it to purchase renewable energy at a fixed price over a long-term period. These PPAs not only help MSM Malaysia Holdings Berhad to meet its renewable energy targets, but also provide a stable and predictable source of energy at a competitive price.
Renewable energy is a key focus area for MSM Malaysia Holdings Berhad, and the company has made significant investments in this area. In 2020, MSM Malaysia Holdings Berhad announced that it had signed a memorandum of understanding with a renewable energy developer to build a 10 MW solar photovoltaic (PV) plant at its sugar refinery in Johor. The plant is expected to generate approximately 15 GWh of renewable energy per year, which is equivalent to the annual energy consumption of over 4,000 households. The solar PV plant is expected to be operational by 2022, and will help MSM Malaysia Holdings Berhad to reduce its carbon footprint and meet its renewable energy targets.
In addition to its renewable energy investments, MSM Malaysia Holdings Berhad is also exploring other innovative solutions to reduce its carbon footprint. For example, the company is investigating the use of biogas from its wastewater treatment plant to generate renewable energy. The biogas can be used to power generators, which can then be used to generate electricity for the company's operations. This initiative not only helps MSM Malaysia Holdings Berhad to reduce its carbon footprint, but also provides a cost-effective source of renewable energy.
MSM Malaysia Holdings Berhad is also committed to promoting sustainable agriculture practices. The company works closely with its suppliers to promote sustainable farming practices, and has implemented various initiatives to improve the sustainability of its supply chain. For example, MSM Malaysia Holdings Berhad has implemented a sustainable sugarcane farming program, which promotes the use of best practices in sugarcane farming to improve yields and reduce environmental impact.
In conclusion, MSM Malaysia Holdings Berhad is a leading sugar manufacturer in Malaysia that is committed to sustainable business practices. The company has implemented various initiatives to reduce its carbon footprint and promote renewable energy, including decarbonisation, corporate energy, corporate PPAs, and renewable energy investments. MSM Malaysia Holdings Berhad's commitment to sustainability extends beyond its own operations, and the company works closely with its suppliers to promote sustainable agriculture practices. With its strong focus on sustainability, MSM Malaysia Holdings Berhad is well-positioned to thrive in a rapidly changing business environment.