|YTL Power: No.1 in Clean & Green Survey, Malaysia|
On the surface,
Presently, we find the companies more conscious of climate change and starting to tackle the issues are generally in industries where globally these sectors are being brought to task. In our survey this year, technology, materials, together with power and gas, are the three sectors with the most companies that scored 50% or higher for C&G. This is certainly not because these companies are cleaner than others. However, that they are already aware of the issues and beginning to address them gives these companies a positive score in our C&G survey. It makes more sense for the companies that are in more polluting industries to start first in seeking to control and offset their emissions.
The high scorers were IJM, YTL Power, Resorts World, Tanjong, Plus, Genting, WCT and Lafarge. We saw decent representation by construction-related companies and those with emission issues, eg transportation, power plants and plantations. Some of those that scored high on CG, however, did poorly on C&G, for example Public Bank.
YTL Power came in with a C&G score of 55%. Out of its businesses,
Lafarge Malayan Cement scored highly at 55% and would have had the highest marks if not for the individual/committee responsible for the company’s GHG emissions not reporting directly to the board but to the CEO. Being a cement maker within a global group, environmental issues appear at the top of their agenda. According to Lafarge Malayan Cement (LMC), there are no government regulations on CO2 emissions in
IJM scored a respectable 50% for C&G. The company is ISO 14000 accredited. Key measures and focus has been at IJM Plantations. This subsidiary quantified annual carbon sequestration in its 2006 annual report.