Wasco Launches Vendor Sustainability Programme To Advance Climate And Human Rights Goals
KUALA LUMPUR, July 30 (Bernama) -- Global energy and bioenergy solutions provider Wasco Bhd today launched the Wasco Sustainable Transformation Enablement Programme (STEP), designed to strengthen vendor capabilities as part of its broader sustainability strategy.
In a statement, Wasco said the initiative will focus on carbon accountability, human rights transparency and vendor capacity building.
'STEP was launched in conjunction with Wasco's inaugural 2025 Sustainability Day, which brought together more than 200 participants. Nearly 100 of them were in person, with the rest joining virtually from Southeast Asia, the Middle East and Australia,' the statement read.
The first STEP pilot is currently being implemented in collaboration with logistics partner Mestika Rimba Transport & Agency Sdn Bhd, to provide targeted guidance on greenhouse gas (GHG) emissions reporting, responsible procurement and human rights compliance in line with evolving disclosure standards.
Wasco views Scope 3 emissions, namely indirect emissions across its value chain, as a critical next step in advancing its climate strategy.
'Wasco's approach to sustainability centres on practical empowerment and shared responsibility, enabling vendors to build their preparedness ahead of impending regulatory requirements,' the company said.
Meanwhile, Chief Sustainability Officer Ariesza Noor said the STEP initiative paves the way for vendors to grow alongside the company by strengthening carbon transparency, promoting ethical labour practices, and fostering long-term resilience.
'This marks a significant step forward—not just for Wasco, but also for our vendor partners who share our commitment to responsible growth. The value chain of the future depends on what we build today,' she said.
The one-day programme featured keynote presentations by regional experts and sustainability leaders, including UN Global Compact Network Malaysia and Brunei (UNGCMYB) programme lead Tan Zhi Ying and Bursa Malaysia vice president of Indices and Sustainable Business Yow Thin Thin.
Hashtags

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

Barnama
27 minutes ago
- Barnama
DBKL Targets 762,500 Housing Units Under PTKL2040
GENERAL KUALA LUMPUR, Aug 5 (Bernama) – Kuala Lumpur City Hall (DBKL) aims to provide up to 762,500 housing units by 2040, in line with the direction of the Kuala Lumpur Local Plan 2040 (PTKL2040), which focuses on the well-being of urban residents. Kuala Lumpur Mayor Datuk Seri Dr Maimunah Mohd Sharif said the housing stock as of 2020 stood at 500,803 units, comprising both open market housing and affordable housing. "Over the next 15 years, new housing development will be planned based on the increasing number of residents and households in the capital. 'Housing planning will emphasise the needs of various groups, including youth, B40 and M40 families, senior citizens and other vulnerable communities,' she told Bernama. She said the plan also introduces the provision of micro and transit units for newly working youths, compact housing for dual-income, no-kids (DINK) couples and young professionals, as well as age-friendly housing for the elderly. Maimunah said DBKL has also allocated several specific land-use zones for housing, including Residential Zone 4 (R4), designated for affordable and public housing. She said PTKL2040 emphasises the principle of inclusive development by maintaining a balance between the need for housing, access to public transportation and environmental sustainability. She added that the housing target also takes into account the potential for redevelopment of existing areas and the provision of government land in strategic locations within the city. 'The pricing of affordable housing is subject to the National Affordable Housing Policy, with a maximum price set at RM300,000 per unit, in line with initiatives such as Residensi Wilayah.

The Star
27 minutes ago
- The Star
13MP reflects government's commitment to fiscal discipline
A new course: Civil servants watching the live broadcast of the 13MP presentation by Anwar in Putrajaya. — Bernama KUALA LUMPUR: The recent tabling of the 13th Malaysia Plan (13MP) reflects the government's commitment to charting a sustainable development path while exercising fiscal prudence to help reduce the national deficit, said Universiti Kebangsaan Malaysia economic analyst, Associate Professor Dr Mustazar Mansur. He said Prime Minister Datuk Seri Anwar Ibrahim is taking the country's debt situation seriously, with a clear focus on curbing new borrowings and narrowing the fiscal deficit. "When the deficit declines, debt levels also fall. We've heard the Prime Minister previously speak about limiting new borrowings, and he is clearly committed to avoiding excessive debt,' he said. Mustazar was speaking as a guest on Bernama TV's Ruang Bicara programme yesterday, in an episode titled '13MP: The People's Socioeconomic Agenda and Hopes'. According to the 13MP blueprint, ongoing fiscal consolidation efforts are expected to narrow the fiscal deficit to below three per cent of gross domestic product (GDP) and keep the federal debt level under 60 per cent of GDP. Commenting on the development allocation for Kota MADANI, Mustazar said the initiative reflects a public-private partnership model. "The government will not spend directly but instead grant concessions to qualified private firms. Hence, not everything announced by the government will involve direct fiscal commitments. "The government will leverage private sector expertise-firms that are more experienced, willing to take risks, and capable of assessing the viability of projects,' he added. 13MP, tabled by the Prime Minister in the Dewan Rakyat, outlines the country's development agenda for 2026-2030, with a total allocation of RM611 billion. - Bernama


New Straits Times
an hour ago
- New Straits Times
DBKL targets 762,500 housing units by 2040 under KL plan
KUALA LUMPUR: Kuala Lumpur City Hall (DBKL) aims to provide up to 762,500 housing units by 2040, in line with the direction of the Kuala Lumpur Local Plan 2040 (PTKL2040), which focuses on the well-being of urban residents. Kuala Lumpur Mayor Datuk Seri Dr Maimunah Mohd Sharif said the housing stock as of 2020 stood at 500,803 units, comprising both open market housing and affordable housing. "Over the next 15 years, new housing development will be planned based on the increasing number of residents and households in the capital. "Housing planning will focus on the needs of various groups, including youth, B40 and M40 families, senior citizens and other vulnerable communities," she told Bernama. She said the plan also introduces the provision of micro and transit units for newly working youths, compact housing for dual-income, no-kids (DINK) couples and young professionals, as well as age-friendly housing for the elderly. Maimunah said DBKL has also allocated several specific land-use zones for housing, including Residential Zone 4 (R4), designated for affordable and public housing. She said PTKL2040 emphasises the principle of inclusive development by maintaining a balance between the need for housing, access to public transportation and environmental sustainability. She added that the housing target also takes into account the potential for redevelopment of existing areas and the provision of government land in strategic locations within the city. "The pricing of affordable housing is subject to the National Affordable Housing Policy, with a maximum price set at RM300,000 per unit, in line with initiatives such as Residensi Wilayah. "For the Residensi Madani scheme, the maximum selling price is set at RM200,000 with a standard size of 800 square feet, while other units will be developed to meet the diverse needs of the urban community," she said. Maimunah said PTKL2040 targets at least 40 per cent of all new housing units by 2040 to be affordable homes. The long-term plan also outlines the definition of affordable housing under two categories: rental units such as the People's Housing Project (PPR), Public Housing and Subsidised Rental Housing (PASS); and ownership units covering projects like Residensi Wilayah, Residensi Madani, the Malaysia Civil Servants Housing Programme (PPAM), PR1MA and One Staff Member One Home (SASaR).