We are extremely proud to form part of the Malta ESG Alliance, launched together with 12 other Maltese companies, to act as a platform for businesses to work together to achieve national and global ESG goals - environmental, social and governance priorities being faced by the country.
Our first goal focuses on decarbonisation and we are committed to taking impactful steps for our planet and the Maltese islands.
The announcement was made in a joint press conference featuring CEOs and top representatives from the founding members: Alberta Group, APS Bank Plc, AX Group Plc, Bank of Valletta Plc, GO Plc, HSBC Bank Malta Plc, International Hotel Investments Plc, Malta Public Transport Services (Operations) Ltd, MAPFRE Middlesea Plc, MEDSERV Operations Ltd, Melita Ltd, PG Group Plc and Toly Products Ltd. The Alliance members are being supported by Perit David Xuereb and consultancy firm EY Malta.
As a start, the Malta ESG Alliance’s founding members’ aspiration is to increase committed members substantially from all economic sectors (whether small, medium or large), whereby every company would join in this transformation mission by taking the lead and acting by example as an honest and credible inspiration.
During the launch, the Malta ESG Alliance explained that the first ESG theme to be prioritised will be that of decarbonisation. The founding members explained how each and every one of them, following a series of workshops and discussions, have embarked on different tangible and measurable projects which will help in reducing their respective carbon footprint. The transition to a decarbonised future is critical for the Maltese communities, the long-term resilience and reputation of the organisations they represent and the national economy. These initiatives in all of the environmental, social and governance spheres are key to ensure talent retention, attraction of quality talent, reassure shareholder value while reducing business risk among many other motivations.
Some of the projects include renewable energy investments, electrification of transport, fleet management and mobility programs for employees, better design and use of building infrastructure, including a framework to develop near-zero emission buildings in Malta as well as use of technology to reduce emissions The impact of these projects are measurable and tangible and presented as a computation of estimated carbon emission savings delivered by the projects on account of real and absolute objectives. Progress to these objectives will be disclosed to the public periodically.
The Alliance will be announcing further initiatives and actions soon.