Sime Darby Property announces its pledge to become net zero emission business by 2050

by NURUL SUHAIDI

SIME DARBY Property Berhad has announced its environmental pledges to achieve Net Zero carbon emissions by 2050, referencing the  science-based target of limiting global temperature rise to 1.5°C.

Its Group Managing Director, Datuk Azmir Merican said embracing innovation and sustainable practices are aligned with global environmental goals to ensure the company’s viability whilst minimising activities that contribute to an adverse climate impact.

“Our operations, products, and supply chain are interconnected elements of our business  ecosystem and transforming them is not just a necessity but an opportunity,” he added during the announcement in conjunction with Sime Darby Property’s Sustainability Day 2023 at Sime Darby Convention Centre in Kuala Lumpur.

In particular, Sime Darby aims to reduce 40% of its scope one and two emissions by 2030 and implement near and long term reduction strategies which will see significant changes in its business operation.

Scope one covers emissions from sources that are owned or controlled by Sime Darby Property, while scope two are emissions produced from where the energy is purchased and used by Sime Darby Property businesses.

Among the initiatives highlighted to achieve the target includes retrofitting its assets with energy efficient technology, transitioning to renewable energy sources to power operations as well as encouraging energy-conscious behaviours within the organisation.

In achieving these goals, Sime Darby also collaborates with stakeholders to gain a deep understanding and gather accurate data before disclosing its scope three emissions which entails a thorough assessment of waste, business travel and employee commute.

“This is to ensure that our disclosures are transparent, credible, and accurately reflect our efforts  to reduce our emissions,” he added.

Meanwhile, Scope three encompasses emissions that are not produced by Sime Darby Property itself and are not the result of activities from assets owned or controlled by Sime Darby Property, but by those that it’s indirectly responsible for up and down its value chain.

It is noted that the group is currently developing two urban biodiversity corridors in two townships, and also have identified 184 acres of wetland that will be managed for flood mitigation purposes.

Azmir reaffirmed Sime Darby’s commitment to reduce carbon footprint while striking a balance to create positive outcomes based on the three spheres of people, planet and prosperity.

The group also will increase use of renewable energy through the installation of rooftop solar photovoltaic panels in 14 operation sites, continue the use of lower carbon cement, and collaborate with its supply chains to explore alternative lower  carbon materials.

Other aspects include the electrification of equipment and corporate vehicles used in operations as well as carbon removal through nature-based  solutions such as the conservation and regeneration of urban biodiversity. – TMR / pic TMR FILE