KUALA LUMPUR – Malaysian Resources Corporation Bhd (MRCB) today pledged its commitment to science-based targets in its efforts to reduce greenhouse gas emissions and achieve net zero by 2040.
The pledge was made during the Science-Based Targets Initiative (SBTi) Symposium organised by UN Global Compact Network Malaysia & Brunei (UNGCMYB) and was signed by MRCB chief corporate officer Amarjit Chhina and witnessed by UNGCMYB executive director Faroze Nadar.
SBTi is a global body enabling businesses to set ambitious carbon emissions reduction targets in line with the latest climate science.
It is a collaboration between the Carbon Disclosure Project, the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature.
Greenhouse gas emissions reduction targets are considered science-based if they are in line with meeting the goals of the Paris Agreement, and provide a defined carbon management framework to reduce emissions to limit global warming to well below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C.
“MRCB is committed to the adoption of science-based targets in our ongoing journey to net zero in our Scope 1 and Scope 2 emissions by 2040.
“Whilst we are cognisant of the many challenges that lie ahead in our net zero journey, our signing onto SBTi today is an indication that we are taking our responsibilities very seriously,” said Amarjit.
Meanwhile, Faroze commended and applauded MRCB for its leadership in aligning its net zero agenda with science-based targets.
“We are pleased to watch the growing number of Malaysian businesses who are committing to urgent climate actions that are aligned to the science of limiting warming to 1.5°C.” – The Vibes, April 6, 2022
