Environmental

The heart of our corporate sustainability commitment is an appreciation of the need to protect and preserve the natural environment where our projects are located. With respect to air emissions, water, effluent and safeguarding biodiversity, our guiding principle for project development, ownership and operation is to meet or exceed both local environmental codes and standards, and World Bank-IFC “Equator Principles” standards.

We seek to develop energy solutions that are the most appropriate for the local economies in the markets in which we operate. As with projects of all fuel types, in places where the right solution is fossil fuel generation we implement and operate our projects with a deep concern for the impact they will have on local populations, we adhere to world-class standards, continuously monitor our performance and make environmentally responsible and safe operations as our priority.

As LEADER ENERGY continues to grow, we foresee renewable energy being an equal or greater part of our growth story relative to thermal power generation and we are intentionally building our core competence in project development and O&M to reflect this. Our first solar power project used a Turnkey EPC Provider, while our second solar power project is being performed with in-house EPC, and so on. We will replicate this internal competence building as we move into other forms of renewable energy, such as wind power generation, to take us forward.

For more on the ‘Equator Principles’ risk management framework, please visit:

https://equator-principles.com/

Our two solar power projects in Kuala Muda, Kedah, namely Leader Solar Energy Sdn Bhd (LSE) and Leader Solar Energy II Sdn Bhd (LSE II) has developed the ASEAN Green Sustainable and Responsible Investment (“ASEAN Green SRI”) Sukuk Wakalah Framework. The ASEAN Green SRI Sukuk Wakalah Framework is developed in line with the Securities Commission Malaysia (“SC”) SRI Sukuk Framework and ASEAN Capital Markets Forum (“ACMF”)’s ASEAN Green Bond Standards based on the International Capital Markets Association (“ICMA”)’s Green Bond Principles. The ASEAN Green SRI Sukuk Wakalah Framework covers the core components as follows :-

i) Utilization of Proceeds
ii) Process for Project Evaluation and Selection
iii) Health, Safety and Environmental (HSE) measures during Construction and Operation & Maintenance period
iv) Management of Proceeds
v) Annual Reporting

Leader Energy Sdn Bhd (“LESB”), the holding company of LSE and LSE II intends to issue the ASEAN Green SRI Sukuk Wakalah, with the aim of financing climate and environmentally friendly solar projects which also contributes to the social and economic development of the communities. Malaysian Rating Corporation Berhad (MARC) has assigned a “Gold” Impact Assessment to LESB’s proposed ASEAN Green SRI Sukuk Wakalah programme based on their review of the relevant documentation and assessment as per MARC’s Impact Bond Assessment (IBA) methodology.

Please click the following links for more details:

<LESB’s ASEAN Green SRI Sukuk Wakalah Framework>

<Independent Second Opinion by MARC for LESB’s ASEAN Green SRI Sukuk Wakalah programme>