Planet
Solarvest champions clean energy as the pathway to a cleaner, more resilient world, driving clean energy adoption through innovation, responsible resource management and strategic partnerships to accelerate the low-carbon transition.
Key Performance Indicators for Planet
Near Term Target
FYE2030
Near Term Target
FYE2030
Long Term Target
FYE2050
Long Term Target
FYE2050
Climate Action, Energy & Emissions Management
Reduce Scope 1 and Scope 2 GHG emissions intensity by 40%
Achieve net zero emissions for Scope 1, Scope 2 and Scope 3 GHG emissions
Reduce Scope 1 and Scope 2 GHG emissions by 40%
Achieve net zero emissions for Scope 1, Scope 2 and Scope 3 GHG emissions
Water Consumption
Achieve 10% reduction in water consumption intensity (ML/million)
Achieve 30% reduction in water consumption intensity (ML/million)
Waste Management
Achieve a 10% waste diverted from landfill from overall waste generated
Achieve a 30% waste diverted from landfill from overall waste generated
Baseline year: FYE2025
Our Net Zero Ambitions
Solarvest has established a roadmap to achieve net zero emissions across our entire value chain by 2050. This includes a near term target of 40% reduction in Scope 1 and 2 GHG emissions by 2030, from a 2025 baseline.
The significance of our ambition is contextualised by a business-as-usual projection, serving as a reference to show potential emissions growth and the clear need for immediate climate action.
Our decarbonisation pathway:
Scope 1 & 2: Implementing energy efficiency measures, electrifying our corporate fleet and developing our own decarbonisation projects.
Scope 3: Introducing low-carbon travel policies and sustainable commuting initiatives, alongside prioritising green procurement and collaboration with suppliers to reduce our value chain emissions.
Our roadmap outlines a comprehensive strategy to measure, reduce and offset GHG emissions across our operations and value chain.
The following outlines the key ambitions, aims and strategies that Solarvest has set for its our own operations and for Asia Pacific (APAC) to achieve net zero by 2050. These targets guide our actions and commitments towards a low carbon future for the business and the region.
For Solarvest
Ambition
Aim
Strategy
Net Zero Operations
Achieve net zero across Solarvest's operations for Scope 1 and 2 emissions.
Optimise energy efficiency and integrate clean energy into all operations by 2050.
Net Zero Value Chain
Decarbonise the entire value chain to achieve net zero Scope 3 emissions.
Collaborate with suppliers and clients to adopt clean energy solutions and reduce emissions throughout the value chain.
Clean Energy Expansion
Scale up installed clean energy capacity.
Ensure our projects are delivered on time, within budget and with adherence to quality standards, sustaining a competitive advantage.
Investment in Transition
Allocate financial resources towards clean energy research and development.
Invest and develop clean energy innovations to further advance a low-carbon future.
For APAC
Ambition
Aim
Strategy
Incentivising Renewable Adoption
Encourage widespread clean energy adoption across businesses and communities.
Partner with stakeholders to provide financial solutions and incentives for clean energy adoptions.
Advancing Clean Energy Access
Increase access to affordable clean energy in rural and underserved areas.
Support government initiatives and work with communities to expand clean energy access.
Policy Advocacy for Decarbonisation
Support policy frameworks for a national transition to clean energy.
Collaborate with policymakers to create regulatory frameworks that accelerate APAC’s clean energy transition.
Transparency in Carbon Reporting
Uphold transparency and accuracy in reporting GHG emissions and ESG performance.
Adopt global sustainability standards and frameworks to monitor and disclose GHG emissions progress.
Tracking Our Carbon Footprint
As a clean energy solutions provider, we are committed to supporting the national energy transition towards a low-carbon future. Our operations and expertise directly contribute to global decarbonisation efforts while aligning with national frameworks such as the Malaysia’s National Energy Transition Roadmap (NETR).
As of 31 March 2025, Solarvest’s total cumulative installed solar PV project capacity reached approximately 986 MWp, up from 850 MWp in FYE2024 and 432 MWp in FYE2023. Based on internal assessments, this installed capacity has the potential to avoid an estimated 954.788 tonnes of CO₂e emissions annually, equivalent to planting approximately 43,399 trees or removing about 100,558 cars from the road each year.
Total cumulative project capacity
986 MWp
=
Planting
43,399 trees
=
Taken off
100,588 cars
=
Potentially avoided
954.788 tCO₂e
Note:
1. Emissions avoidance was calculated based on the CO₂ avoidance guidelines from the SEDA.
2. The number of trees planted was derived from the European Environment Agency data, where one mature tree absorbs 22 kg of CO₂ annually.
3. The number of cars removed was calculated based on the average annual distance driven in Peninsular Malaysia (28,184 km).
In FYE2025, we continued to track and monitor GHG emissions across our subsidiaries that contribute a significant portion of Solarvest’s operations, disclosing emissions from entities where we have direct influence and authority.
Solarvest Carbon Neutral Annual Dinner 2025
Solarvest held its Annual Dinner 2025 as a carbon neutral event, showcasing our commitment to sustainability beyond business. The total 20.914 tCO₂e emission generated from electricity, waste, accommodation and travel, was fully offset through 21 verified carbon credits that supported the Kuamut Rainforest Conservation Project in Sabah, which protects 83,381 hectares of tropical forest and supporting local livelihoods. This initiative, facilitated by Saxon Renewables and our internal sustainability team, reflects our dedication to credible climate action.
Malaysia’s First Clean-Energy Pickleball Tournament
Solarvest is proud to pioneer Malaysia’s first pickleball tournament powered fully by clean energy through the Solarvest Pickleball Cup 2025. Every megawatt is verified as clean and sustainable through Renewable Energy Certificates (RECs). By applying RECs to offset the event’s carbon footprint, Solarvest demonstrates how communities and industries can adopt credible tools to track and reduce emissions.
Enhancing Energy Efficiency with a Bioenzyme Solution
As part of our net zero decarbonisation strategy, Solarvest targets to reduce Scope 2 emissions effectively by improving energy efficiency at our headquarters. We engage a MyHijau-certified provider to conduct regular air conditioning system maintenance to optimise performance while significantly lowering electricity consumption. By utilising a bioenzyme-based solution that is over 80% biodegradable within 28 days, it allows us to achieve sustainable cooling by adopting a solution that is both energy-efficient and environmentally safer than conventional chemicals.
Waste and Materials Management
Waste generation primarily occurs at project sites and is categorised into three main streams: general waste, construction-related waste and minor quantities of electronic waste. We have a comprehensive waste management procedure guided by a waste hierarchy approach, which minimises environmental impact and supports a circular economy in line with resource efficiency principles.
Solarvest generates general waste, construction waste and few electronic waste that has considerable material value. Recognising the potential for resource recovery, we maximise the reuse and recycling of these materials as part of our environmental responsibility. Our waste is collected, sorted and channelled for appropriate recycling in compliance with environmental regulations.
