Latest news with #ArieszaNoor
Barnama
a day ago
- Business
- Barnama
Wasco Launches Vendor Sustainability Programme To Advance Climate And Human Rights Goals
GENERAL 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.
Barnama
24-07-2025
- Business
- Barnama
Wasco Benefits 12,000 Lives Globally In 2024, Receives CSR Award
KUALA LUMPUR, July 24 (Bernama) -- Wasco Berhad invested nearly RM800,000 in community-focused and environmental initiatives throughout 2024, benefitting approximately 12,000 individuals across its global operations. In recognition of these efforts, Wasco was named Company of the Year (Energy Solutions) for Sustainability Leadership at the Sustainability and CSR Malaysia Awards 2025, held here recently. 'The award highlights the Group's ongoing commitment to long-term community development and environmental stewardship,' said Wasco in a statement today. The award was accepted by Wasco Board Member and Chairman of the Board Sustainability Committee, Lily Rozita Mohamad Khairi, on behalf of the Group. The Group's initiatives, carried out in Malaysia, Tanzania, Qatar, the United Arab Emirates, Singapore, and Indonesia, were anchored on three focus areas, namely healthcare, humanity, and the environment. In total, Wasco said 55 programmes were implemented, including school infrastructure upgrades, health checks, blood donation and vaccination drives, food distribution, disaster relief, community outreach, and circular economy campaigns. Employee participation was a key driver of impact, with Wasco's workforce contributing more than 11,800 volunteer hours in 2024, demonstrating a strong internal culture of purpose and a commitment to meaningful change. In the same statement, Wasco Chief Strategy Officer Ariesza Noor, said corporate responsibility is embedded in the Group's DNA and part of its promise to deliver meaningful, measurable value for people, planet, and progress. '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,' she said.
The Star
23-07-2025
- Business
- The Star
Wasco empowers SMEs on ESG readiness ahead of NSRF rollout
KUALA LUMPUR: Wasco Bhd is taking early steps to support small and medium-sized enterprises (SMEs) in its supply chain as Malaysia prepares for mandatory environmental, social and governance (ESG) disclosures under the National Sustainability Reporting Framework (NSRF). The energy infrastructure services group said it will host its inaugural Sustainability Day on July 29 in Kuala Lumpur, themed "Building a Responsible Value Chain Together', to help vendors prepare for upcoming sustainability requirements. "The full-day event aims to raise awareness and build ESG readiness across Wasco's vendor ecosystem, with a focus on Scope 3 greenhouse gas (GHG) emissions, human rights due diligence, and responsible sourcing,' it said in a statement today. The programme will feature keynote addresses, a panel session and vendor advisory booths offering hands-on ESG guidance. A highlight will be the panel discussion, "From Learning to Leading: Real Stories from the Sustainability Journey', moderated by broadcast journalist and ESG advocate Freda Liu. Fresh from winning at the 2025 Sustainability and CSR Awards Malaysia, Wasco said it is expanding its ESG efforts beyond internal operations to empower supply chain stakeholders. "Sustainability is no longer a peripheral issue. It is central to long-term value creation,' said Wasco chief strategy officer Ariesza Noor. "While some companies focus on general ESG awareness, we are going deeper - tackling climate data, supplier transparency and human rights due diligence through practical, sector-specific guidance.' She said that although many SMEs in Wasco's supply chain are not immediately subject to NSRF disclosure requirements, proactive engagement is essential. "We recognise that many of our partners are not legally bound yet. However, readiness cannot wait until regulation knocks. That is why we have stepped in early - not to audit, but to empower,' Ariesza added. The NSRF, led by the Securities Commission Malaysia, aligns with global standards issued by the International Sustainability Standards Board (ISSB), requiring disclosures based on IFRS S1 and S2 - including Scope 1, 2 and 3 GHG emissions. The phased implementation will begin on Jan 1, 2025, with Tier 1 Main Market PLCs (those with market capitalisation of RM2 billion and above) required to comply first. Other Main Market companies are expected to follow by 2026, while ACE Market firms and large unlisted entities (with revenue over RM2 billion) must comply from 2027, with full adoption due by 2030. Among the event's ESG knowledge-sharing segments are sessions by Bursa Malaysia, UNGC Malaysia & Brunei, and independent experts offering toolkits on climate reporting, social compliance and ethical procurement. - Bernama
