Strategic partnership between Khazanah and SK ecoplant in May 2022 to advance Cenviro to be a regional waste management champion, making Malaysia an attractive destination for foreign investors and flow of knowledge and know-how.

Cenviro is an expert in waste management across a wide range of waste categories, providing specialised services delivered via its network of subsidiaries. Through its wide range of services, Cenviro has become a key advocate and driver of Malaysia’s transition towards a sustainable future. Our involvement since March 2014 has played a critical role in this journey, enabling Cenviro to scale its operations, widen its waste management to new and growing categories of waste while fully embracing ESG friendly practices within its own business.

With more emphasis on internal ESG practices under our active stewardship, Cenviro launched the company’s five-year greenhouse gas (GHG) emissions reduction roadmap in 2021, under which they aim to reduce their GHG emissions intensity by 5% by 2025 (with 2020 as the baseline year) by improving the usage efficiency of electricity, transportation and materials. With a GHG reduction of 1.34% in 2021, Cenviro is on track to achieve its target.

Cenviro’s business model has also led the way in becoming a circular economy leader within the country. Cenviro recycles approximately 2,000 tonnes of e-waste per year through Shan Poornam Sdn Bhd (SPSB), with a recovery rate of 99.7%. Meanwhile, E-Idaman Sdn Bhd (EISB) has localised waste recycling within local communities, launching Malaysia’s first drive-through recycling centre and developing a cutting-edge recycling resource hub to efficiently recycle paper, plastics and e-waste from municipalities.

Today, Cenviro is embarking on its next phase of growth with an ambition to be a regional waste management champion. In May 2022, Khazanah entered into a strategic partnership with South Korea’s SK ecoplant Co. Ltd (SK ecoplant), to enable Cenviro to reach its regional waste management ambitions, by providing Cenviro access to cutting-edge waste management technologies and exemplary operational expertise that will spearhead its regional expansion as well as enhance its ESG performance. Eco-friendly at its core, SK ecoplant’s capabilities span various critical fields and industries including recycling, waste management and renewable energy. As such, the partnership will empower Cenviro to further integrate sustainability within its mission and processes alike, enabling them to take a leadership role in Advancing Malaysia – and the region – towards a more sustainable future.