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Carbon Footprint Project (CFP)

The Carbon Footprint Project (CFP) is a company-wide sustainability initiative that began in 2009/2010. Under this initiative, we report greenhouse gas emissions on an annual basis according to the calendar year. Core to the CFP, we track and monitor carbon emissions (absolute and intensity) under Scope 1 and Scope 2 as well as identifying and implementing key emission reduction initiatives. Operational Energy Efficiency is also calculated by converting carbon data. Our initial baseline was set in 2010 and then revised in 2016 due to changes in our business activities. In 2020, the company is again reviewing the baseline due to further changes in the nature of the company’s business. This may lead to changes in the carbon footprint profile, thereby requiring us as per GHG Guideline) to restate our baseline.

One of the key lessons learnt over the past decade of undertaking the CFP, is that engagement across the company’s staff is essential for a successful outcome where we have (in the last three years) seen a reduction (assured) in total emissions and emissions intensity, whilst not stifling business growth.

Rationale
  • Optimising environmental performance resulting from our business activities, in the context of climate change. We are aware of the potential risks from a changing environment as result from climate change, including potential exposure to climate-related extreme weather events and the need to inculcate further resilience in our business value chain and products.
  • Ensuring continuous operational cost saving whilst minimizing our impact on climate change.
  • Supports the UN-SDG 11, 12 and 13.
    UN-SDG 11
    UN-SDG 12
    UN-SDG 13
Objective

The initiative has a two-pronged objective – to reduce the climate change impact from our business and to reduce operational costs. This is important in the context of the global climate change agenda and in support of Malaysia’s pledge to cut emissions intensity (against GDP) by up to 45% by 2030.

Status/Coverage

All segments owned or controlled by Property Development, Investment Management and Hospitality & Leisure.

Short-term Target
(FY2020)

To review and restate (if needed) the carbon intensity baseline.

Mid-term Target
(FY2024)

To achieve at least 9% carbon intensity reduction.

Long-term Target
(FY2030)

To achieve at least 30% carbon intensity reduction.

Results
  • 2019: overall carbon intensity reduction of 42.5% from the 2016 (baseline), where overall carbon emissions of 35,801 tCO2-e (absolute) were also down 28% from the baseline year.
  • Direct operational carbon emissions reductions resulting in about RM0.5 mil. savings compared to carbon emissions costs in 2018; an even more significant cost reduction against the 2016 baseline year.
  • The key contributors to carbon intensity reduction were from Transport (↓80.0% ), Purchased Electricity (↓ 37.6%), Stoves (↓ 19.2%), and Other Emissions (↓ 17.8%).
Initiatives
  • GHG Guideline compliant data collection.
  • Carbon Assurance.
  • Eco-efficiency audit, regular engagement and briefings.
  • Accountability through embedding annual reduction targets within the company scorecard KPI as a key component of the staff performance management system.
  • Long-term targets embedded into SDP 2030 Sustainability Goals.
Total Carbon Emission (tCO2-e) and Overall Carbon Intensity (tCO2-e/RM Mil Revenue) by Year
 
 
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