Corporate sustainability is a strategic approach to long-term material risks and opportunities within our business. It involves a comprehensive process of formulating, implementing, monitoring, reviewing and communicating our strategy and performance, focusing on topics material to us and our stakeholders. We are working to manage the economic, environmental and social aspects of our business to deliver positive value to our stakeholders and the environment. We take it one step further by integrating our operational, environmental and social indicators to monitor our performance more holistically. This provides guidance for our management to make a better and informed decision in sustaining business resilience.
OUR MATERIALITY MATRIX
These 32 materiality topics were derived from a wide range of sources. They were validated and prioritised based on their influence and impacts on Sarawak Energy’s stakeholder decision, and economic, environmental and social impacts. These topics were approved by our Group Executive Committee (GEC) in the context of sustainability drivers, stakeholder interests and business strategy.
Our Sustainability Performance
We have been harnessing renewable energy to support growth, in alignment with national economic policies while contributing to global agendas such as the UN Sustainable Development Goals (SDG). We have prioritised and internalised SDG within our business, and our contributions are measured up to operational level.
SDG #07 Targets:
- By 2030, ensure universal access to affordable, reliable and modern energy services.
- By 2030, increase substantially the share of renewable energy in the global energy mix.
- By 2030, double the global rate of improvement in energy efficiency.
- By 2030, enhance international cooperation to facilitate access to clean energy research and technology.
SDG #13 Targets:
- Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters.
- Improve education, awareness-raising and human and institutional capacity on climate change mitigation, adaptation, impact reduction, and early warning.
SDG #08 Targets:
- Achieve higher levels of economic productivity.
- Support productive activities, decent job creation, entrepreneurship, creativity and innovation and encourage the formalisation and growth of micro-, small-, and medium-sized enterprises.
- By 2030, achieve full and productive employment and decent work for all women and men, including for young people and person with disabilities and equal pay for work of equal value.
- By 2030, substantially reduce the proportion of youth not in employment, education or training.
- Take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and secure the prohibition and elimination of child labour.
- Protect labour rights and promote safe and secure working environments for all workers.
SDG #06 Targets:
- By 2030, substantially increase water-use efficiency and ensure sustainable withdrawals and supply of freshwater to address water scarcity.
- By 2030, implement integrated water resource management.
- By 2020, protect and restore water-related ecosystems, including mountains, forests, wetlands, rivers, aquifers, and lakes.
SDG #15 Targets:
- By 2020, promote the implementation of sustainable management of all types of forests, halt deforestation, restore degraded forests and increase afforestation and reforestation.
- By 2020, ensure the conservation, restoration and sustainable use of terrestrial and inland freshwater ecosystems and their services, in particular forests, wetlands, mountains, and drylands.