YTL POWER INTERNATIONAL BHD

Malaysia | 6742.KL | Main

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

YTL Power International Berhad, an investment holding company, provides electricity, clean water, sewerage system, and telecommunication services in Malaysia, Singapore, the United Kingdom, and internationally. It operates through four segments: Power Generation, Water and Sewerage, Telecommunications, and Investment Holding Activities. The company develops, constructs, owns, and operates solar photovoltaic power plants; constructs telecommunications infrastructure; and generates electricity from green energy sources, as well as provides engineering, procurement, construction, and commissioning services; supplies water and treats sewage; and wastewater services. It also provides consultancy services in energy management and clean energy system; 4G and 5G services under the YES brand; provides wired line and wireless broadband access, and other related services; and oil trading and oil storage tank leasing and bunkering, computer systems integration, housing development, construction management, and consultancy services, as well as engages in financing activities. In addition, the company issues bonds; develops web environment products; operates as a license reseller for virtual learning educational platforms; operates electric vehicle charging station; and designs and constructs power generating facilities. Further, it engages in the transmission, distribution, and sale of electricity; trading of fuel related derivative instruments; hotel and food waste treatment business; processing of digital payments through e-money platform; sale of by-products from the electricity generation process; development, operation, and marketing of data center projects and related infrastructure, services, and activities; and planning, implementation, and maintenance of telecommunication towers and related services. The company was incorporated in 1996 and is headquartered in Kuala Lumpur, Malaysia.

Reference

Report Year: 2024
Source Files: YTL_Power_International_Berhad_AR_2024-Part_2.pdf, YTL_Power_International_Berhad_AR_2024-Part_3.pdf

Sustainability Committee

ESG Committee (Members Unknown) 🟢

Sets ESG direction 🟢
Oversees ESG strategy 🟢
Annual Board reporting 🟢

Reporting

TCFD, Integrated Report 🟢

GHG Accounting

YTL Power demonstrates a commitment to GHG reduction with ambitious targets, such as carbon neutrality by 2050 Group-wide and subsidiary-specific goals like Wessex Water's net zero by 2030 (operational) and YTL PowerSeraya's 60% Scope 1 reduction by 2030. Strengths include clear target-setting and alignment with global climate scenarios (IPCC AR6). However, the report lacks absolute emission figures, full Scope 3 data, and third-party verification, limiting transparency. Improvements are needed in comprehensive Scope 3 reporting and verification to enhance credibility. Subsidiary-level initiatives, such as hydrogen-ready power plants and solar projects, show proactive steps toward decarbonization, but Group-wide consistency in data presentation is essential for stakeholders to assess progress effectively.

Emissions

Scope	Value	Note
Scope1	60% reduction target 🟢	Absolute data not specified in report ⚠️
Scope2	Neutral by 2030 🟢
Scope3	Estimation underway →	Not fully reported ⚠️
Biogenic emissions	Not applicable →	No biomass or biofuel usage reported.

Other Details

Base year: 2010 (for YTL PowerSeraya Scope 1 reduction target)
Boundary inventory: Operational control across subsidiaries (UK, Singapore, Malaysia)
Gwp basis: IPCC AR6 scenarios referenced
Standard: Not explicitly stated
Data collection approach: Subsidiary-specific data collection
Third party verification: Not verified ⚠️
Carbon intensity: Not reported ⚠️

Efforts

60% Scope 1 reduction target 🟢
Net zero by 2030 (Wessex Water) 🟢
Hydrogen-ready plant 🌞
Solar-powered data center 🌞
Responsible waste management 🟢

Social Highlights

Employee upskilling 🟢
Local hiring prioritized 🥗
Community engagement 🥗
Education for underprivileged 🥗
Limited data ⚠️

Governance

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

Report Quality

Commendable ambition is evident in YTL Power's 2024 sustainability report with clear targets like carbon neutrality by 2050 and subsidiary-specific goals 🟢. The integrated report provides a structured overview of ESG priorities and aligns with TCFD frameworks, showing a forward-looking approach with net zero commitments. However, the lack of absolute GHG emission data and third-party verification limits the report's credibility ⚠️. Measurable outcomes are scarce, with reliance on qualitative descriptions rather than hard metrics for social and environmental impacts. Generic statements like 'committed to sustainability' need to be backed by evidence. To improve, the company should incorporate detailed emission figures, pursue third-party verification, and quantify social impacts. Overall, the report lays a solid foundation but requires deeper data transparency to meet stakeholder expectations.

Tags:

Energy Utilities

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This is AI model generated summary based on certain rules set by Sustify.world perspective. If the reader finds the information is incorrect, they can always approach us by sending email admin@sustify.world.

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