Case 2: Cenviro

Shaping an Equitable ESG Transition for Corporate Malaysia

Cenviro is a waste management expert that offers specialised services to handle a wide variety of waste. Its pivotal role in waste management has allowed Cenviro to become a key player in Malaysia’s transition towards a sustainable future.

Our investment in Cenviro since March 2014 has enabled the company to scale its operations, expand its services to new and growing categories of waste and integrate sustainability into its operations.

Under our active stewardship, we prioritised the adoption of internal ESG practices. This has led to the launch of Cenviro’s five-year greenhouse gas (GHG) emissions reduction roadmap in 2021, which outlines the company’s goal of achieving a 5% reduction in its GHG emissions intensity by 2025 compared to from its 2020 baseline, through greater efficiency in using electricity, transportation and materials. In 2022, Cenviro has commendably achieved a 6.70% reduction in total absolute emissions from 2020, exceeding its goal.

Cenviro has demonstrated its leadership in promoting the circular economy within Malaysia through its business model. Its subsidiary Shan Poornam Sdn Bhd recycles about 2,000 tonnes of e-waste per year, with an impressive recovery rate of 99.7%, while E-Idaman Sdn Bhd fosters a culture of recycling among local communities through pioneering initiatives such as Malaysia’s first drive-through recycling centre and a technologically-advanced recycling resource hub to efficiently recycle paper, plastics and e-waste from municipalities.

The partnership allows Cenviro to leverage SK ecoplant’s capabilities in critical areas such as recycling, waste management and renewable energy, supporting its ambitions of expanding regionally and embedding sustainability more deeply into its mission and operations. Through this collaboration, Cenviro is empowered to take on a leadership role in Advancing Malaysia and the region towards a more sustainable future.