2024 | Quarter 3

Malakoff Participates in the 6th International Sustainable Energy Summit 2024

This year, Malakoff Corporation Berhad (Malakoff), a member of MMC Group, took part in the 6th International Sustainable Energy Summit (ISES) 2024, a biennial event held from 20 to 21 August 2024, at the Kuala Lumpur Convention Centre. With the theme, 'Accelerating Energy Transition Through Innovation', the event focuses on the urgent need to fast-track the transition to sustainable energy through innovative solutions. The event was inaugurated by Dato' Sri Haji Fadillah Haji Yusof, Deputy Prime Minister and Minister of Energy Transition and Water Transformation (PETRA). Malakoff was also the Gold Sponsor for the summit.

This two-day event brought together 5,000 participants, 73 exhibitors, and featured 8 in-depth workshops. Over the years, the summit has addressed crucial topics relating to energy transition including the expansion of sustainable energy deployment, the complexities of energy policies, grid management with high solar photovoltaic penetration, innovative energy storage solutions, rural electrification, and sustainable energy projects financing. ISES serves as a platform for industry leaders to exchange insights and foresight; enriching the conversation about the future of energy.

During the summit, Malakoff had the opportunity to showcase its three business pillars - Malakoff Green Solutions, Malakoff Environmental Solutions, and Malakoff Energy. The stand featured Malakoff electric vehicle charging stations with solar panels and interactive multimedia showcasing Malakoff's core businesses and expertise. In his opening remarks, Dato' Sri Haji Fadillah emphasised Malaysia's commitment to a low-carbon future, aligned with Malaysia's goal of achieving net-zero carbon emissions by 2050. With the energy sector contributing to nearly 80% of the country's 259 million tonnes of annual greenhouse gas emissions, the transition to cleaner energy is a critical necessity. To support this, the government aims to increase Renewable Energy (RE) capacity to 40% by 2035 and 70% by 2050, up from the current 26%. Malakoff and Alam Flora are committed to this vision by expanding their RE portfolio and maximising existing assets to position the companies as global leaders in energy and environmental solutions.

Malakoff's participation in ISES 2024 is a testament to our dedication to minimising our environmental footprint, developing RE solutions, and promoting environmental stewardship; in line with the government's target to cut 45% of carbon intensity by 2030 and increase the RE capacity mix up to 70% by 2050. It is in accordance with the United Nations Sustainable Development Goal (UN SDG) No. 7, which ensures access to affordable, reliable, sustainable, and modern energy for all, and aligned with Malakoff overarching purpose of 'Enhancing Life, Enriching Communities'.

corporatecomm@mmc.com.my