19 April – CelcomDigi Berhad has been recognized by CIMB Securities as a frontrunner in Environmental, Social, and Governance (ESG) practices within the Malaysian telecommunications industry. This recognition reinforces the company’s commitment to embedding ESG principles into its core strategies and operations, highlighting its role as a responsible corporate leader.
Environmental Commitment
CelcomDigi has set a firm target to achieve net-zero carbon emissions by 2050, aligning with the global Science Based Targets initiative (SBTi). The company is actively modernizing its network infrastructure with energy-efficient technologies and expanding its use of renewable energy sources. These efforts aim to reduce the environmental footprint of its operations while supporting Malaysia’s national sustainability agenda.
Social Impact and Community Initiatives
On the social front, CelcomDigi is prioritizing digital inclusion and online safety. In 2024, the company aims to reach over 2 million Malaysians through digital safety awareness campaigns, focusing on vulnerable groups such as children and the elderly. In addition, CelcomDigi has trained 78 employees as Mental Health First Aiders to promote mental well-being in the workplace. The company is also supporting capacity-building programs for SMEs and micro-SMEs, enabling better ESG compliance across its supply chain.
Strong Governance and Business Integrity
CelcomDigi enforces strict governance policies by requiring all vendors and partners to comply with its Business Partner Conduct Principles and the Agreement of Responsible Business Conduct. The company also works closely with enforcement agencies and leverages digital technologies to combat the growing threat of online scams, reinforcing its role in ensuring consumer protection and data security.
Financial and Strategic Outlook
CIMB Securities projects that CelcomDigi will achieve a pre-tax profit of RM2.8 billion to RM3 billion in FY2025, despite ongoing efforts in network consolidation and IT system integration. Capital expenditure for FY2025 is expected to range between RM1.8 billion and RM2.0 billion, with key investments in IT upgrades and network improvements. The company is also expected to sustain or increase its dividend per share, supported by forecasted cost savings of RM700 million to RM800 million annually by FY2027.
CelcomDigi’s integrated ESG strategy reflects a forward-looking vision for sustainable growth. Through balanced efforts in environmental stewardship, social responsibility, and robust governance, the company continues to set benchmarks for ESG leadership in the region’s telco industry.
Source:
Berita Harian
Digital News Asia
CelcomDigi Corporate Website
The Star
