.jpg&w=3840&q=100)
Sabah's energy shift must be inclusive: Sabah Energy Corporation
Published on: Fri, Jul 11, 2025
By: Crystal E Hermenegildus Text Size: Annuar said SEC's strategy goes beyond corporate social responsibility-it is about embedding ESG values into every layer of decision-making. Kota Kinabalu: A just energy transition must ensure that the shift toward cleaner energy does not leave communities behind, said Sabah Energy Corporation (SEC) Chairman Datuk Annuar Ayub. He said that while the world is undergoing a major energy transformation, progress must be inclusive — one that protects livelihoods, enhances quality of life, and empowers communities across Sabah. 'We all agree that the world is transitioning. But a just energy transition must ensure that, as we shift towards cleaner energy, it does not leave communities behind,' Annuar said. He said this in his keynote address at the recent 12th Sabah Oil, Gas and Energy Conference and Exhibition (SOGCE), held at the Sabah International Convention Centre (SICC). As the largest natural gas supplier in Sabah, and one of the largest in Malaysia, SEC plays a pivotal role in driving this transformation. According to Annuar, the Corporation powers 86 percent of Sabah's electricity, supports over 45 industrial customers, and serves more than 500,000 households. Yet, he said SEC's impact extends beyond statistics — to powering the potential of youth, rural towns, and rising cities. Annuar stressed that natural gas remains a crucial transitional fuel in ensuring a stable and cleaner alternative to coal and diesel. It is especially vital in maintaining essential services such as hospitals, schools, and homes. He cited Esteel's green steel complex- an anchor project enabled by natural gas- as an example of how energy resources can catalyze large-scale industrial development and job creation. 'But we must be honest: this bridge cannot be long. It must lead us forward,' he said, adding that SEC is aggressively reinvesting gas-derived value into renewable energy. Annuar outlined several renewable projects currently spearheaded by SEC: A 15MW solar project in Tuaran is in advanced stages, A RM4billion hydroelectric project in Ulu Padas, Tenom, expected to contribute 15 percent to Sabah's grid capacity, integrates biodiversity offset plans such as floating solar and nature-positive engineering. Moreover, a 100MW utility-scale wind power project in Kudat is nearing the end of a detailed feasibility study. Once operational, it would mark Malaysia's first wind energy source, significantly reducing fossil fuel reliance. SEC is also the lead proponent of the wind energy initiative and is working closely with technical partners to ensure that development aligns with the interests of local communities. 'We prioritise respectful engagement and work collaboratively with village communities..this is not mere compliance. This is commitment,' Annuar said. These initiatives align with the SE-RAMP 2040 goal of having 35 per cent of Sabah's energy from renewable sources by 2035. Annuar said SEC's strategy goes beyond corporate social responsibility-it is about embedding ESG values into every layer of decision-making. The corporation has built partnerships with major entites including Petronas, Maybank, Cimb, Ambank, and Sabah Development Bank, as well as NGOs and civil society. On the ground, SEC is actively empowering Sabahans through the Skill Enchancement and Career Advancement (SECA) programme. The initiative targets underprivileged youth from B40 backgrounds, providing them with real work experience and allowances, with many securing employment post-training. 'Energy must empower. Otherwise, it is incomplete,' he said. SEC also supports local schools, clinics, and disaster preparedness efforts, reinforcing its commitment to equitable development. Reinforcing its commitment to sustainability, SEC holds a 30 percent stake in the Tabin Wildlife Reserve initiative. This partnership supports rewilding efforts and the conservation of ecological corridors. 'We believe that energy development and ecological preservation can and must coexist,' he said. Annuar said Sabah's energy transition must not mirror Western Models, but instead be localized, just,and inclusive to ensure every village and community shared its benefits. 'At SEC, we believe we are not just powering homes. We are powering heart and hope. 'The future is not something we wait for. It is something we engineer with care, courage and collective purpose,' he said. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Sun
11 minutes ago
- The Sun
Wasco scales up global sustainability efforts
KUALA LUMPUR: Riding high on its recent win as Company of the Year (Energy Solutions) at the CSR Malaysia Awards 2025, Wasco Berhad is looking to scale up its global sustainability efforts, with a strong focus on deepening community engagement and driving forward Malaysia's energy transition goals. The group is expected to accelerate initiatives aligned with its net-zero target by 2026 while building long-term regional partnerships that strengthen green value chains across its operating markets. The award comes on the back of a milestone year for Wasco. In 2024, the group invested nearly RM800,000 in social and environmental programmes that collectively reached approximately 12,000 lives across Malaysia, Tanzania, Qatar, the United Arab Emirates, Singapore and Indonesia. These efforts, anchored on healthcare, humanity and environmental protection, were not just CSR gestures, but integral to Wasco's broader decarbonisation and sustainability strategy. Among the 55 initiatives implemented were free health screenings, vaccination drives, food and disaster relief, school infrastructure upgrades and environmental awareness campaigns promoting circular economy practices. These community-driven projects were matched by strong internal participation, with Wasco employees collectively contributing more than 11,800 hours of volunteer time. 'Corporate responsibility is embedded in our DNA. It is part of our promise to deliver meaningful, measurable value for people, planet and progress,' said Wasco Berhad chief strategy officer Ariesza Noor. 'This award affirms our belief that sustainability is most powerful when it is people-powered. We will continue to elevate our efforts in line with our broader environmental, social and governance (ESG) ambitions.' Wasco's impact efforts are also closely tied to national and global frameworks. The group's initiatives reflect Malaysia's 12th Malaysia plan and the National Energy Transition Roadmap, while aligning with several United Nations sustainable development goals (SDGs), including good health and well-being (SDG 3), responsible consumption and production (SDG 12), climate action (SDG 13) and life on land (SDG 15). Beyond short-term outreach, Wasco has also committed to longer-term environmental restoration through its Wasco Forest initiative, launched in 2021. This project supports forest protection and carbon sequestration, forming part of the group's broader goal of achieving net-zero Scope 1 and Scope 2 emissions by 2026. These efforts are bolstered by Wasco's strong presence on ESG benchmarks, including the FTSE4Good Bursa Malaysia Index and the FTSE4Good Bursa Malaysia Syariah Index. Receiving the award on behalf of the group was Lily Rozita Mohamad Khairi, a board member and chairman of the board sustainability committee. She expressed that the recognition serves not only as validation of Wasco's ongoing work, but as motivation to push further. 'As we transition towards a low-carbon economy, the private sector must step up, not just to reduce emissions, but to build social resilience and empower local communities,' she said. 'Wasco believes in growing together with the communities we serve and this award reflects that shared journey.' Established in 1999, Wasco Berhad is a main market-listed company with a presence in 14 countries. Its operations are anchored in two core divisions: the energy services division, which specialises in advanced pipe coating, corrosion protection and engineering; and the bioenergy services division, which delivers biomass energy solutions to plantation, petrochemical and industrial clients. The group remains steadfast in its commitment to the United Nations global compact principles, particularly in areas concerning human rights, labour standards, environmental protection and anti-corruption.


Daily Express
12 hours ago
- Daily Express
Centralised price system to boost transparency
Published on: Monday, August 04, 2025 Published on: Mon, Aug 04, 2025 By: Crystal E Hermenegildus Text Size: Armizan said the effort aligns with the Government's long-term plan to stabilise the cost of living by tackling the root causes of inflation- not only through subsidies, but by increasing supply chain efficiency and accountability. PENAMPANG: The Government will develop a centralised Price and Supply Repository System to monitor price trends and prevent manipulative practices in the market, said Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali. He said the system, to be introduced under the 13th Malaysia Plan (13MP), will provide a transparent data platform to detect abnormal price movements and support enforcement action against profiteering and cartel-like behaviour. 'This is a proactive step toward ensuring fairer market practices and greater price transparency across the supply chain, especially for essential goods,' he told reporters after officiating the Seminar Kenegaraan Malaysia Madani: Rancakkan Madani Sabah at ITTC Penampang. According to Armizan, the repository system will consolidate real-time information on pricing, supply volumes, and distribution to assist both consumers and regulators in making informed decisions. 'Through this system, enforcement agencies will be able to act more swiftly and decisively using data-driven evidence. It's a game-changer in combating unethical manipulation and protecting consumer interests,' he said. He added that the system will be developed through inter-ministerial cooperation and partnerships with industry players, including suppliers, retailers, and logistics operators. Armizan said the effort aligns with the Government's long-term plan to stabilise the cost of living by tackling the root causes of inflation- not only through subsidies, but by increasing supply chain efficiency and accountability. 'The repository system is not just a database. It is a tool to break the monopoly of information held by certain parties who manipulate prices for profit,' he said. Enforcement under the Price Control and Anti-Profiteering Act 2011 and the Competition Act 2010 will also be strengthened using the data from the repository, which is expected to help uncover price-fixing activities, stock hoarding, and artificial shortages. Armizan emphasised that the initiative reflects the Madani Government's commitment to protecting consumers while creating s healthier market environment that encourages genuine competition. 'This is part of our wider agenda under 13RMP to raise the rakyat's purchasing power and build a resilient domestic economy,' he said. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia


Focus Malaysia
a day ago
- Focus Malaysia
Malaysia's accounting graduates unprepared for ESG demands, experts warn
Letter to Editor AS the global economy pivots toward sustainability, Environmental, Social, and Governance (ESG) considerations are no longer a footnote in business strategy — they are front and centre. Across financial institutions, conglomerates, and regulators, ESG now drives decision-making and reporting. At the heart of this transformation is the accounting profession. Accountants are expected to go beyond financial reporting to tackle sustainability disclosures, carbon audits, and governance reviews. As this shift intensifies, the demand for ESG-literate graduates grows. The question is: are Malaysian universities doing enough to prepare them? While ESG themes are increasingly mentioned in classrooms, their actual presence in accounting curricula remains limited. Often, sustainability is offered as a single elective or addressed briefly within broader subjects. Most accounting students graduate with strong knowledge of the Malaysian Financial Reporting Standards (MFRS), but little to no exposure to the Global Reporting Initiative (GRI), International Sustainability Standards Board (ISSB) guidelines, or climate risk reporting frameworks. This gap is stark considering regulatory developments. Bursa Malaysia now mandates detailed sustainability disclosures from listed companies. Employers are demanding ESG-aware accountants — yet fresh graduates often find themselves scrambling to learn these skills on the job. Recent findings reinforce this concern. According to the ACCA Global Talent Trends 2025 report, 71% of Malaysian respondents expressed interest in sustainability-focused careers — one of the highest rates globally. However, 63% also reported concerns about not having the right skills for the evolving workplace, especially in areas like ESG reporting, digital tools, and analytics. This suggests a clear disconnect between students' ambitions and the training they receive. Recognising the evolving demands of the profession, Malaysia's Ministry of Higher Education has introduced Halatuju 4, a strategic blueprint for accounting education. Among its stated goals is the incorporation of sustainability, ethics, and digital competencies into accounting programmes — aligning academic outcomes with the future needs of the profession. This policy marks an important step in acknowledging ESG as a core competency area for accountants. However, as with any broad educational reform, implementation takes time and varies across institutions. Some universities have begun integrating ESG-related content more comprehensively, while others are still in the early stages of adoption. The success of Halatuju 4 will ultimately depend on how effectively it translates from framework to classroom — ensuring that all graduates, regardless of university, are equipped for the ESG-driven future of accounting. One of the most pressing challenges is the lack of structured collaboration between universities and industry stakeholders. ESG-focused internships, live projects, and case studies are still rare in most public and private universities. This disconnect is especially concerning in ESG-intensive sectors such as palm oil, energy, and manufacturing — pillars of Malaysia's economy. These industries offer real-world sustainability challenges, yet students often graduate without having engaged with these contexts. Broader surveys support this gap. In a recent Economist Impact–EY study, 69% of Malaysian employers and 90% of employees agreed that acquiring new skills is essential for career progression. Yet 57% of respondents reported that they do not clearly understand which specific skills are most in demand — a problem that has implications for both graduates and curriculum designers. Modern ESG reporting relies heavily on technology. Carbon accounting tools, climate risk dashboards, and ESG analytics platforms are integral to corporate reporting. Yet, most accounting programmes do not include training on ESG data tools or sustainability analytics. The Malaysian Institute of Accountants (MIA) has recognised this issue. Its revised Competency Framework identifies ESG, climate change awareness, and sustainability literacy as essential future skillsets for accounting professionals — urging universities to embed these elements into their programmes. The private sector is already responding. In late 2024, KPMG and ACCA jointly launched a pioneering ESG learning programme aimed at **upskilling** accountants in ESG strategy, governance, and reporting. This move reflects wider trends among employers seeking finance professionals who are not only compliance-oriented but also ESG-literate and digitally equipped. In many classrooms, ESG is still framed as a compliance issue — a checklist of disclosures rather than a strategic business lever. This mindset limits graduates' ability to contribute meaningfully to ESG integration within corporate strategy, risk assessment, and long-term value creation. To meet future employer expectations, ESG must be taught not just as regulation, but as strategy — a lens through which financial performance, stakeholder engagement, and long-term resilience are assessed. Ethics has always underpinned accounting education. But ESG has added new complexities — from greenwashing to ethical sourcing to stakeholder manipulation. Unfortunately, these dilemmas are rarely tackled in current ethics modules, leaving future accountants underprepared for modern challenges in sustainability reporting. While professional bodies like MIA have begun issuing updated guidance, full integration into undergraduate teaching remains inconsistent. ESG is not a passing trend — it is now a defining factor in corporate performance and stakeholder trust. For Malaysia to remain competitive in a sustainability-driven global economy, its accounting graduates must be ready. Universities must embed ESG as a core pillar of accounting education — not as an elective afterthought. Interdisciplinary learning should bring together environmental science, social impact, and governance practices with financial expertise. At the same time, stronger industry-academic linkages are crucial. Internships, ESG case simulations, and partnerships with real companies can bridge the classroom and the boardroom. Digital **upskilling** is equally vital. Proficiency in ESG reporting software, data dashboards, and integrated reporting platforms must be a baseline — not a bonus. The foundations for reform are beginning to take shape. But unless they are implemented more quickly and consistently, Malaysian universities risk falling behind — and so will the graduates they produce. As ESG reshapes the future of business, the role of the accountant must evolve in tandem. The question is no longer whether universities should adapt, but whether they can do it fast enough. The future of the profession — and Malaysia's sustainability leadership — may depend on the answer. —Aug 3, 2025 Dr Zarina Zakaria is an Associate Professor at the Department of Accounting, Faculty of Business and Economics. The views expressed are solely of the author and do not necessarily reflect those of Focus Malaysia. Main image: Unplash