Two new categories for RAM League Awards 2018

: RAM Rating Services Bhd introduced two new categories for the RAM League Awards 2018 held on May 4 – the RAM Green Award and Sustainable Company Award.

In a statement, the rating agency said the Green Bond Award recognised bonds or which financed projects with the highest RAM -benefit rating, contributing towards ’s renewable energy and emission reduction commitments.

Mudajaya Group Bhd’s unit, Sinar Kamiri Sdn Bhd, was the inaugural recipient of the award for its green solar sukuk.

“The company’s solar photovoltaic power generation project is highly beneficial for the environment, as it has a much smaller carbon footprint compared to fossil fuel-enabled power production,” it said.

Meanwhile, the Sustainable Company Award acknowledged innovative companies which practised sustainability in every aspect of their business.

The award was presented to Cenviro Sdn Bhd – a wholly-owned subsidiary of Khazanah Nasional Bhd – in recognition of its sustainable waste management efforts through innovative practices in waste minimisation and recovery, as well the conversion of waste into energy. — Bernama

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Source: Borneo Post Online

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