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Cenviro’s business is inherently related to advancing responsible ESG practices, long before there were interest within this space, as it must ensure Malaysia’s hazardous waste is treated appropriately. With Khazanah as an active shareholder, Cenviro’s business model has led the way in becoming a circular economy leader within the country. Today Cenviro recycles approximately 2,000 tonnes of e-waste per year through SPSB, with a recovery rate of 99.7%. Meanwhile, 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), so both shareholders can grow 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 and 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.