VITROX CORPORATION KUALA LUMPUR, MALAYSIA - 13 OCTOBER 2022 - In alignment with the Company's commitment to achieving net-zero carbon emissions, Scope 2, by the end of 2030, ViTrox signed the Malaysia Digital Climate Action Pledge (MDCAP) as part of its first cohort.
MDCAP is a corporate pledge that aims to build capacity and increase the adoption of sustainability and climate action by businesses across the digital economy. It was jointly developed by Malaysia Digital Economy Corporation (MDEC), the country's lead digital economy agency, in partnership with United Nations Global Compact Network Malaysia and Brunei.
Two of the main goals of MDCAP are to encourage the adoption of digital technologies that mitigate businesses' carbon footprints and help digital and technology industry players to transition towards a carbon-neutral business.
By signing the pledge, ViTrox is committed to sharing the Company's sustainability best practices in terms of strategies, action plans and initiatives; conducting business operations in an environmentally responsible manner through reduce, reuse and recycle practices; and taking action to minimise greenhouse gas (GHG) emissions by implementing energy efficiency and/or renewable energy or other emission reduction measures.
As a go-green practitioner, ViTrox is fully committed to achieving net-zero carbon emissions, Scope 2, by the end of 2030. The Company recorded 3,031.81tCO2 of carbon footprint under Scope 2 in 2021. ViTrox is determined to improve energy consumption efficiency by 2% every year through various innovative ways, such as using big data analytics to monitor and optimise electricity usage, room temperature and light intensity. Meanwhile, the Company is committed to continuing the investment in renewable energy and carbon credit certificates offered by authorised electricity providers.
The pledge is aligned with the government's commitment to be a carbon-neutral nation by 2050. As outlined in the 12th Malaysia Plan (12MP), the government is aiming for a 45% reduction in the GHG emissions intensity of GDP by 2030, compared to a 2005 baseline, and to achieve a 31% renewable energy mix by 2025.
For more information about ViTrox's sustainability matters, please visit https://www.vitrox.com/esg/.
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Vitrox Corporation Bhd published this content on 18 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2022 03:01:58 UTC.
