Categories: BusinessNews

PTP launches sustainability framework as new ESG guideline

by NURUL SUHAIDI

THE Port of Tanjung Pelepas (PTP) has launched the Sustainability Framework & Targets: “Together Towards a Sustainable Future” as a guide to embed environmental, social and governance (ESG) into its core business.

It is to help PTP make comprehensive ESG considerations in its decision-making and day-to-day operations through better management of its governance and internal framework.

With the guideline, the MMC Group member also expects positive internal impact throughout its supply chain, energy usage and waste management, material consumption patterns, as well human rights aspects.

PTP CEO Marco Neelsen said the framework will systematically demonstrate value creation, guide appropriate decision-making and strategic planning, and implement better management programmes not only for PTP employees and tenants but also to the surrounding communities.

He added that it is part of PTP’s effort to build a symbiosis ecosystem, establish efficient stakeholder engagement and drive appropriate risk management and mitigation measures.

“This means that sustainability is embedded into everything that we do — from how we manage our business, to how we operate as a terminal operator, to how we support and contribute to the societal development objectives of the country,” he said in a statement.

Meanwhile, Johor State Chairman of the Tourism, Environment, Heritage and Culture Raven Kumar Krishnasamy said the PTP Sustainability Framework will set the benchmark for the port management practices and business sustainability for Malaysia.

“By being agile and adaptive to changes in the industry and global market, we also hope that PTP will continue to take proactive measures to enhance and coordinate its future sustainability efforts, as well as to take a leap in extending its leadership role in sustainable port development in the state and country,” he said during the launching ceremony.

At the ceremony, PTP also signed two memoranda of understanding (MoUs) with SWM Environment Sdn Bhd and Perbadanan Taman Negara Johor (PTNJ), as well as the United Nations Global Compact pledge.

The MoU with PTNJ states that PTP will commit to replanting 160,000 mangrove trees at Tanjung Piai, Johor, over five years period in order to protect mangrove and its biodiversity.

PTP is also collaborating with SWM Environment to create a community recycling centre with the aim of fostering a culture of recycling.

This centre will raise public awareness of environmental issues, such as the need to reduce, reuse and recycle materials that would otherwise need to be disposed of in landfills by utilising the KitaRecycle platform.

Meanwhile, the United Nations Global Compact pledge further showcases its commitment in creating a sustainable future together with its strategic partners.

PTP also aims to give back to the community and society, via its corporate social responsibility programmes. This includes maintaining its efforts to improve and empower communities, and protect the environment.

Dzul

Recent Posts

Penthouse in Midtown New York by Master Architect I.M. Pei Now For Sale.

NEW YORK, April 20, 2024 /PRNewswire/ -- The Centurion at 33 West 56th Street in…

1 hour ago

Gold Royalty Announces Board Change

VANCOUVER, BC, April 20, 2024 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company")…

2 hours ago

STATEMENT FROM THE VARDANYAN FAMILY CONCERNING THE WELL BEING OF POLITICAL PRISONER RUBEN VARDANYAN

YEREVAN, Armenia, April 20, 2024 /CNW/ -- Following the Vardanyan family's urgent appeal to the…

4 hours ago

Thousands conquered WWF’s CN Tower Climb for Nature today, thousands more will climb tomorrow as wildlife fundraiser continues

There's still time to sign-up and climb on Sunday TORONTO, April 20, 2024 /CNW/ -…

4 hours ago

Media Advisory – Prime Minister’s itinerary for Sunday, April 21, 2024

OTTAWA, ON, April 20, 2024 /CNW/ - Note: All times local National Capital Region, Canada…

5 hours ago

Media Advisory – Deputy Prime Minister’s itinerary for Sunday, April 21, 2024

OTTAWA, ON, April 20, 2024 /CNW/ - Note: All times local. Toronto, Ontario 11:00 a.m. The…

6 hours ago