RAM Sustainability assigns Silver1 Sustainability Rating to Jentayu Sustainables Berhad

Published on 25 Oct 2024.

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RAM Sustainability has assigned a Silver₁ (S₁) Sustainability Rating to Jentayu Sustainables Berhad (JSB or the Group). A diversified holding company, JSB plans to position itself as a leading renewable energy player in Malaysia moving forward. 

Incorporated on 19 April 1975 as a public limited company (formerly known as Ipmuda Berhad), JSB was listed on the Main Board of the Kuala Lumpur Stock Exchange (now the Main Market of Bursa Securities Malaysia Berhad) on 22 December 1993.

On 27 March 2024, JSB obtained conditional approval from the Securities Commission Malaysia for the acquisition of Telekosang Hydro One Sdn Bhd and Telekosang Hydro Two Sdn Bhd, which will give it control over the two run-of-river hydropower plants respectively held by the companies, with a combined capacity of 40 MW, located in Tenom, Sabah. Project Oriole with the capacity of 162 MW, another hydropower plant project to be developed by the Group, in the state, and expected to be completed by 2028. JSB will play a pivotal role in advancing Sabah’s sustainable energy transition, creating social, economic and business opportunities while driving local development and job creation. The three hydropower plants would contribute to the Sabah Energy Roadmap and Master Plan 2040 and support the state’s environmental sustainability goals by reducing reliance on fossil fuel and carbon footprint. 

On the sustainability governance front, the Group has a structure in place to manage and embed key sustainability matters across the organisation. The establishment of a Sustainability Framework as a strategic initiative demonstrates its commitment to long-term sustainability efforts. Additionally, the Group’s supportive social policies including organisational readiness, employee rights and benefits, and occupational health and safety are aimed at cultivating an inclusive and safe work environment. JSB plans to integrate climate-related risks into its Enterprise Risk Management framework, emphasising continuous improvement in risk management practices.

The Group’s environmental performance and supply chain management moderate the overall sustainability rating. Some environmental performance targets and considerations are currently being internally assessed while carbon, energy, water, waste and material efficiency initiatives have not been fully implemented across the Group. JSB is in the early stages of developing environmental and social supply chain management practices. 

 

Analytical contact
Cynthia Lim Sin Lu
(603) 3385 2549
cynthia@ram.com.my

Media contact
Sakinah Arifin
(603) 3385 2500
sakinah@ram.com.my

 

RAM Sustainability is a provider of sustainability services and Environment, Social and Governance (ESG) analytics. Incorporated on 31 May 2000, RAM Sustainability Sdn Bhd is a wholly owned subsidiary offering sustainability services and ESG analytics. It is the first ASEAN-based provider of ESG ratings and second opinions and the first Registered Observer of the International Capital Market Association’s Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines in ASEAN. On 12 August 2020, RAM Sustainability became an Approved Verifier for climate bonds under the Climate Bonds Standard & Certification Scheme. For further details, see https://www.ram.com.my/sustainability.  

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