PROTECTING THE ENVIRONMENT SEC 4 90 ENERGY MANAGEMENT Effective energy management plays a pivotal role in our organisation’s contribution to the transition towards a low carbon economy. By optimising energy consumption and embracing renewable energy sources, we not only lower operational costs but also reduce our carbon footprint. Our commitment to energy efficiency and sustainability not only enhances our environmental stewardship but also positions us as a proactive participant in the global effort to combat climate change. Through strategic energy management initiatives, we are actively supporting the principles of a low carbon economy, responsible business practices, regulatory compliance, and long-term viability in an increasingly energy-conscious world. WHY IT IS IMPORTANT OUR APPROACH Our utilisation of biomass from operations to generate renewable energy not only aids in reducing GHG emissions but also serves as a pivotal element in our waste-to-wealth circular economy strategy. This approach aligns with our sustainability agenda, emphasising a green waste management initiative to generate renewable energy as an alternative to fossil fuels. In our commitment to embedding sustainability throughout our business, we strive to generate long-term value for people, planet and profit. We support the nation in achieving its Nationally Determined Contributions (NDC) targets by conducting inventories for greenhouse gas (GHG) emissions based on Science Based Target (SBTi) and other accounting standards. We also focus on implementing initiatives and projects to reduce our GHG emissions, ensuring their effectiveness through audits and certification processes. PROGRESS AND ACHIEVEMENTS Our Renewable Energy Journey FGV has developed a dynamic and diverse portfolio of renewable energy (RE) projects, which play a significant role in lowering carbon emissions. Biomass has been our primary power source, due to the remote locations of FGV mills that are far from transmission grids in the interior regions. Additionally, carbon management and waste circularity are inherently integrated into the design of the processing facilities. Apart from renewable energy projects to power our operations, we also support the communities in the areas where we operate. For instance, FGV generates clean, renewable electricity for communities through the Umas Biogas power plant and IPP Sahabat in Lahad Datu. We provided employment opportunities and extensive training for skilled locals in various roles within the plant, PROTECTING THE ENVIRONMENT CONTRIBUTION TO THE UN SDGS SDG target How we support the SDG Increase Global Percentage of Renewable Energy FGV generates clean, renewable energy for internal consumption, sale to the grid as well as to support the communities in its operational areas. During the year under review, our focus remained on fostering responsible resource management initiatives. We prioritised implementing energy management certification by adhering to best practices, effectively managing energy consumption, and minimising waste generation. These efforts align with our commitment to enhancing global energy efficiency. (related to EMGS) We also implemented energy efficient measures to reduce energy consumption and improve our energy usage. (related to REISO and energy audit conditional grant.) Double the Improvements in Energy Efficiency. Promote Access to Research, Technology and Investments in Clean Energy.
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