14-05-2025
100 attend forum at the Sabah Energy Corporation headquarters
Published on: Wednesday, May 14, 2025
Published on: Wed, May 14, 2025 Text Size: Annuar (centre) witnessing the document exchange between Adzmir (left) and Michael. Kota Kinabalu: Some 100 people attended the Environmental, Social and Governance (ESG) Forum hosted by Sabah Energy Corporation (SEC) for the first time at their new headquarters, Menara SEC, on Monday. The event, themed 'From Intention to Impact: Building a Fit-for-Purpose ESG Future,' attracted the representatives from government agencies, state-owned companies, banks and sustainability experts. The forum aimed to encourage collaboration and speed up ESG adoption across Sabah's energy sector and other industries. SEC Group Chief Executive Officer Datuk Adzmir Abd Rahman welcomed participants to the corporation's new headquarters, describing it as a symbol of progress. He pointed out SEC's responsibility to develop energy solutions that balance environmental protection with economic growth and community welfare. During the event, Adzmir also announced the launch of an annual Corporate Charity Run to promote community health and social impact. SEC Group Chairman Datuk Annuar Ayub, who officially opened the forum, pointed out ESG principles are not just for reporting purposes but serve as strategic tools for long-term business success and resilience. 'This forum represents a defining step in making sustainability a shared value across Sabah's institutional landscape,' said Annuar. He also revealed that SEC is working on a 12-week plan to develop a Sustainable Finance Framework that will meet Sukuk (Islamic bond) requirements. Maybank Investment Bank has been selected as SEC's exclusive adviser and manager for its upcoming Sukuk Programme, as well as the sustainability structuring adviser for its framework. 'Sabah has untapped potential in renewable energy, including solar, bioenergy and geothermal resources,' said Maybank Investment Bank Chief Executive Officer Michael Oh-Lau. 'We are partnering with SEC to establish a Shariah-compliant, sustainability-focused funding platform to support its energy transition efforts and direct investment toward developing the State's energy resources,' he said. The event featured presentations from Petronas and Maybank representatives on national ESG priorities and opportunities in Sabah, followed by a panel discussion with industry experts. SEC intends for this forum to become a regular platform for promoting ESG leadership within Sabah, connecting sustainability goals with practical outcomes. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
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