In today's world, companies are becoming more aware of the importance of environmental, social and governance (ESG) criteria in their investment decisions.
As a result, many have begun integrating ESG into their business strategies and operations. ESG has grown so rapidly in recent years including making investment decisions that generate not only financial returns and positive social and environmental impacts.
In this modern world, business environment, stakeholders, investors, regulators, financiers, customers and employees are tasked to clearly articulate climate ambitions and demonstrate clear commitment and ability to take decisive climate actions.
Likewise, information technology (IT) companies such as HeiTech Padu Bhd (HeiTech) have been venturing into sustainability by venturing into businesses with relatively high ESG global agendas, taking into account the unprecedented economic, environmental and social changes taking place on a global scale at an ever-accelerating pace.
Within this enlarging sustainable and ESG ecosystem, HeiTech is committed to the sustainable agenda of our business operations and decision-making to drive value creation and create skillsets for the domestic employment sector.
What makes ESG so crucial? First, customers select companies based on their ethical practices. Furthermore, governments are putting policies that force businesses to boost transparency in areas like diversity, fair pay, and carbon emissions.
At HeiTech, we incorporate ESG into our strategic decision-making, making strategic investments to enhance the quality of life and positively impact the environment.
In supporting the national agenda of ESG, HeiTech is committed by becoming the enabler for the ESG initiatives. This includes venturing into renewable energy (RE) initiatives and provide solutions that can reduce the carbon emission through digitise and digitalisation.
HeiTech has launched renewable energy initiatives, including mini-hydro and rooftop solar.
This is consistent with the government's objective of decarbonising the electricity sector in Malaysia.
With these commitments and renewed initiatives, the future of renewable energy is highly promising and will contribute significantly to the global climate-change agenda by decarbonising the domestic power industry for a better future.
HeiTech believes that renewable energy has limitless potential for preventing future energy crises, achieving long-term sustainability in producing sustainable clean energy and decreasing carbon footprints significantly.
Hydropower, solar energy, and other practical, sustainable energy sources have a minor environmental effect, which is crucial for assuring a considerable decrease in pollution from industrial production.
Although hydroelectricity is one of the world's top renewable energy sources, we need to be aware of mini-hydro's numerous advantages, despite being one of the most fundamental and dependable forms of renewable energy.
Small hydropower is a viable alternative to conventional energy generation, especially in rural locations requiring large amounts of electricity.
On another note, transportation which is considered a traditional asset-intensive industry, accounts for at least 24 per cent of global CO2 emissions, as reported by the International Energy Agency in 2020. HeiTech's contribution towards ESG is focusing on digitalising and automating processes in the transportation industry through innovations such as Smart Parking.
Such innovation has helped to optimise the parking experience, which has helped to minimise carbon emissions and time spent on the road.
For organisations, we have also ensured that the digitalisation of local industries and society at large are implemented in an ecologically conscious way.
An example of this would be a digital patient care ecosystem that helps in building a structured repository of a patient's clinical data and medical history across all interventions and services offered within the ecosystem.
Other than that, digitising manual processes and document system that traditionally requires physical documents will help to increase efficiency and productivity in the workplace, minimised data leakages and has the added benefit of reducing the usage of paper — which in turn, reduces the amount of waste sent to landfills.
Connectivity and digitalisation are important to help industries be more productive and efficient.
As payment networks become increasingly complex due to the advancement of technology, solutions providers have started to rely on new technologies such as automation and Artificial Intelligence (AI) to combat any issues that may arise. These processes are vital in business operations, providing benefits such as minimising data leakages and preventing identity fraud.
These efforts and initiatives are aligned with the company's transformation agenda as a technology superbrand by providing comprehensive technology solutions to the public and commercial sectors locally and globally.