RANHILL HOLDINGS BERHAD

Malaysia | 5272.KL | Main

By Sustify.world AI model | 2025-05-25

Ranhill Utilities Berhad, an investment holding company, operates in the environment and energy sectors in Malaysia, Thailand, Qatar, Australia, Bangladesh, Brunei, Indonesia, Abu Dhabi, Vietnam, Brazil, and internationally. It operates through Environment; Engineering Services; Energy; and Others segments. The company offers water supply services; and specialized and technical services in the management and optimization of water utility assets, as well as operates water and wastewater treatment plants. It also provides source-to-tap water supply services to customers in Johor, Malaysia; and has water and wastewater concessions with treatment plants outside Malaysia. In addition, the company owns and operates two 190 MW combined cycle gas turbine power plants with 380 megawatts total electricity production capacity in Kota Kinabalu Industrial Park. Further, it provides engineering, procurement, and construction management; engineering, procurement, construction, and commissioning; project management consultancy; and operation and maintenance services. Additionally, the company offers management and support; supervision and ancillary; and solar power generation services. The company was formerly known as Ranhill Holdings Berhad and changed its name to Ranhill Utilities Berhad in May 2020. Ranhill Utilities Berhad was incorporated in 2014 and is based in Johor Bahru, Malaysia.

Reference

Report Year: 2023
Source Files:

Sustainability Committee

Sustainability Working Committee (Members Unknown) 🟢

Develops programs 🟢
Sets KPIs 🟢

Reporting

GRI, TCFD, SASB, Separate Report 🟢

GHG Accounting

Ranhill's GHG accounting for 2023 shows a comprehensive approach with third-party verification for Scope 1 and 2 emissions by Deloitte PLT, covering key subsidiaries like Ranhill SAJ and RSE. Total emissions reached 2,103,800.09 tCO₂e, with Scope 1 contributing the bulk at 1,357,602.92 tCO₂e, primarily from gas-fired power plants. The inclusion of Scope 3 emissions (453,290.06 tCO₂e) reflects a broader inventory, a strength in transparency. However, the lack of specified GWP basis and standards limits comparability. Improvement areas include clearer methodology disclosure and accelerated Scope 3 reduction strategies. The Net Zero 2050 Roadmap, with interim 2030 targets, is a positive step, though execution details remain critical to monitor.

Emissions

Scope	Value	Note

Other Details

Boundary inventory: Covers major subsidiaries in Malaysia (Energy and Water business)
Gwp basis: Not specified
Standard: Not specified
Data collection approach: Expanded inventory boundary from 2021 to include entire Group
Third party verification: Verified 🟢
Carbon intensity: 0.9 tCO₂e/RM'000 revenue, verified 🟢

Efforts

Net Zero 2050 Roadmap 🟢
36 tonnes recycled 🟢
Solar adoption 🌞
Micro hydro 🌊

Social Highlights

2,726 households supported 🥗
1,663 employees trained 🟢
591 talents developed 🥗
20M manhours no LTI 🟢
Community programs 🥗

Governance

Salary disclosure: Disclosed 🟢
Litigation: Can't find ⚠️

Report Quality

Commendable effort by Ranhill in producing a detailed sustainability report for 2023 🟢. The report excels with quantifiable metrics such as GHG emissions (2.1M tCO₂e), waste recycling rates (93.8%), and social impact numbers (2,726 households supported). The adoption of international frameworks like GRI, TCFD, and SASB, alongside third-party verification, enhances credibility. Forward-looking commitments, including the Net Zero 2050 Roadmap with interim 2030 targets, demonstrate ambition. However, gaps exist with limited methodological transparency on GHG standards and GWP basis ⚠️, which could affect data comparability. Some statements on sustainability integration feel generic without specific outcomes. Ranhill could improve by providing deeper execution details on decarbonization plans and incorporating more Scope 3 reduction strategies. Overall, a solid foundation that can be elevated with enhanced specificity and transparency.

Tags:

Energy Utilities

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