UEM Sunrise Pens MOU With Petronas Subsidiaries Towards A Shared Sustainability Agenda
UEM Sunrise Berhad (“UEM Sunrise”) or the “Company”), one of Malaysia’s leading property developers, has inked two Memoranda of Understanding (“MoU”) with Petroliam Nasional Berhad (“PETRONAS”)’s wholly-owned subsidiaries, PETRONAS Global Technical Solutions Sdn Bhd (“PGTSSB”) and Gentari Sdn Bhd (“GENTARI”) respectively to explore opportunities for collaboration in the adoption of renewable, green energy and mobility as well as forming intelligent, sustainable cities for the future.
UEM Sunrise and PETRONAS are moving towards a mutual goal of achieving net zero carbon emissions by 2050; by leveraging each other’s technologies, expertise and resources to accelerate the adoption of renewable energy, green mobility, and smart sustainable cities in short, medium and long-term. In addition, the partnership aligns with one of the United Nations Sustainable Development Goals 2030 (UNSDG), particularly goal number 17, “Partnership for the Goals”.
The collaboration will also include incorporating existing and new sustainable solutions within UEM Sunrise developments, with the Company being the first property developer to partner with the two PETRONAS subsidiaries.
“We are excited to work alongside like-minded entities such as PGTSSB and GENTARI towards a shared goal of achieving Carbon Neutrality by 2050. With our strategic partnership, I’m confident that we are heading in the right direction toward our goals. This will be a start to a mutually beneficial partnership that can bring long-term sustainable value for the communities we serve,” said UEM Sunrise Chief Executive Officer Sufian Abdullah.
In the immediate term, the collaboration with GENTARI will explore the introduction of low-carbon solutions, specifically EV charging points and an electric forecourt at UEM Sunrise facilities, as well as solar farms at UEM Sunrise lands.
Whereas in the long term, the MoU with PGTSSB will explore low carbon and nature-based solutions such as:
• Smart Green Energy Solutions and Renewable Energy – Implementing practical, clean energy solutions that will tackle climate change issues in stages.
• Circular Economy – Implementing a full cycle resource management by increasing recycling capacity and embodying the zero-waste concept.
• Sustainable technical and technology solution – Implementing new hi-tech development solutions that are resilient, environmentally, and user-friendly will create positive social change in the community.
Overall, the collective effort is expected to benefit the respective businesses’ sustainability goals and propel Malaysia into becoming a net zero country by 2050.
Representing GENTARI, PETRONAS’ Head of Clean Energy Solutions Transition, Shahrizal Yang Razalli said, “The transition towards cleaner energy provides significant opportunities in Malaysia. Collaborating with a partner similarly passionate about this transition such as UEM Sunrise, will help GENTARI to advance our integrated efforts in driving the switch towards sustainable mobility and adoption of renewable energy. With this collaboration, GENTARI continues to live up to our purpose of solving the world’s most pressing sustainable energy needs, providing solutions that can change how we live today for a better future.”
PGTSSB Chief Executive Officer Annaliz Abu Bakar added, PGTSSB is excited to enter into this strategic collaboration as we expand our expertise beyond the energy industry. We are confident that the synergy will continue to grow through both companies’ touch points, to benefit more stakeholders as Malaysia moves towards being a carbon-neutral country by 2050.”
The collaboration is an integral part of UEM Sunrise’s continuous sustainability ambition based on its Sustainability Blueprint 1.0, which focuses on key aspects of Environmental, Social and Governance (ESG) by outlining a step-by-step approach towards a low carbon future by 2030, Ambition Zero by 2040 and Carbon Neutrality by 2050.
