KUALA LUMPUR (March 9): Pos Malaysia Bhd has launched its Sustainability Roadmap, which targets a 30% reduction in Scope 1 and Scope 2 emissions by 2025, and is committed to net zero carbon emissions for its operations by 2050.
Pos Malaysia delivers to more than 11 million addresses, has more than 7,400 vehicles and one of Malaysia’s largest real estate portfolios, it said in a statement.
The group is already using electric bikes across Kuala Lumpur, with plans to have 200 of them in operation by the third quarter of 2023. By 2025, 28% of the entire fleet will be electric, and 100% by 2030, it said.
It already has three facilities with solar panels generating an estimated three million kWh of electricity annually capable of powering 282 homes a year.
“Apart from its carbon emissions reduction commitment, Pos Malaysia is also looking to recycle 50% of operational waste by leveraging technology and reducing overall waste generation.
“We aim to play a part in the circular economy by increasing renewable and recyclable inputs for all packaging products to 80%, and migrating 50% of staff training to a digital platform,” it said.
Communications and Digital Minister Fahmi Fadzil, who launched the road map, said that “sustainable development has become an essential element of postal operations due to environmental concerns”.
“Hence, it is encouraging to see that Pos Malaysia, an organisation under the purview of the Ministry of Communications and Digital, is cementing its commitment with the Sustainability Roadmap to achieve its decarbonising targets,” Fahmi said.
Pos Malaysia group chief executive officer Charles Brewer said the mail and parcel services provider’s climate commitments address its operations “from all angles”.
“We will transform our fleet to electric, retrofit our buildings, source renewable energy, and educate our fantastic employees on how to be better.
“We will collaborate with our suppliers, customers and partners to meet our science-based targets, while encouraging all [in] our Pos Malaysia team to reduce emissions and take action,” Brewer said.
Pos Malaysia’s sustainability road map is in line with the country’s target to be carbon-neutral by 2050. The nation is a signatory to the Paris Agreement with the ambition of reducing greenhouse gas emissions intensity by 45% against its gross domestic product by 2030.
Shares in Pos Malaysia traded unchanged at 57 sen on Thursday (March 9), giving the group a market capitalisation of RM461.83 million.