Plenary Lecture 6

Sarawak Energy is an integrated energy development and power utility company and Malaysia’s largest renewable energy developer with a vision to achieve sustainable growth and prosperity for Sarawak by meeting the region’s need for reliable renewable and affordable energy. As a sign of commitment in advancing climate action, Sarawak Energy was the first Malaysian Company to sign the United Nation Global Compact’s ‘Business Ambition for 1.5o Celsius’ Pledge and the first large corporation in Malaysia to have its near-term science-based targets to be officially approved by the Science Based Target initiative (SBTi). Sarawak Energy’s current grid emission intensity stands at 0.199 tCO2eq/MWh and aims to achieve a further reduction to 0.17 tCO2eq/MWh in line with the ‘Business 1.5oC’ commitment – contributing to the Malaysian Government’s target of reducing the nation’s carbon emission intensity by 45% by the year 2030. Seventy percent of Sarawak Energy’s generation mix is from hydropower. All hydropower facilities operated by Sarawak Energy are guided by the Hydropower Sustainability Standard (HSS), which addresses all aspects of social, environment, technical and economic sustainability. Apart from the existing hydropower facilities, Sarawak Energy is also exploring the development of cascading power sources and floating solar farms to further increase Sarawak’s renewable energy footprint. To further strengthen Sarawak Energy’s contribution towards climate action, the Company has embedded Nature Based Solutions through Sarawak Energy’s Tree Planting, Protection and Habitat Restoration Campaign 2021 to 2030 with the objective of protecting and planting 500,000 trees by year 2030. Sarawak Energy has also developed its Circular Economy Framework to embrace circularity in its business operation.