SEC Inaugural ESG Forum
Kota Kinabalu, 13 May 2025 – Sabah Energy Corporation Sdn. Bhd. (SEC) today successfully convened its inaugural ESG Forum 2025 under the theme ‘From Intention to Impact: Building a Fit-for-Purpose ESG Future’, held at Menara SEC, one of Kota Kinabalu’s latest office landmarks.
The event brought together over 100 delegates from State agencies, GLCs, financial institutions, and sustainability practitioners, with the aim of fostering collaboration and accelerating ESG adoption across Sabah’s energy sector and beyond.
In his opening remarks, SEC Group Chief Executive Officer, Datuk Adzmir Abd Rahman welcomed guests to Menara SEC, describing it as the corporation’s new home and a symbol of progress. Datuk Adzmir also highlighted SEC’s duty to pursue responsible and forward-looking energy development that balances environmental responsibility, economic growth and community well-being.
As part of its broader ESG commitments, Datuk Adzmir also announced the launch of an annual Corporate Charity Run, aimed at promoting community health and social impact. The initiative reflects SEC’s ongoing effort to enhance community well-being through inclusive, purpose-driven engagement beyond the corporate sphere.
The forum was officiated by SEC Group Chairman, YB Datuk Annuar Ayub, who in his address emphasized the importance of ESG not just as a reporting tool but as a strategic lever for long-term competitiveness and resilience. He lauded the forum as a defining step in embedding sustainability as a shared value across Sabah’s institutional ecosystem.
Datuk Annuar reaffirmed SEC’s commitment to institutionalising ESG best practices through a 12-week exercise via a roadmap towards a fit-for-purpose, Sukuk-ready Sustainable Finance Framework. The afternoon session saw Maybank facilitating a deep-dive with SEC’s leaders to enhance its identified ESG ambition and framework components in line with sustainability standards.
Maybank Investment Bank Berhad has been appointed as SEC’s Sole Principal Adviser, Lead Arranger, and Lead Manager for the establishment of its inaugural Sukuk Programme, and as the Sustainability Structuring Adviser for its Sustainable Finance Framework.
Michael Oh-Lau, Chief Executive Officer of Maybank Investment Bank said “Sabah is at an inflection point in its renewable energy journey, with untapped potential in solar, bioenergy and geothermal. Maybank as a regional leader in Islamic debt capital markets and sustainable finance is partnering with SEC to establish a Shariah-compliant, sustainability-ready funding platform to support its energy transition efforts and direct capital towards developing the state’s energy resources.”
The event also featured high-impact presentations from En. Wan Sayuti of PETRONAS and En. Nazim Noor, Director of ESG Strategy & Solutions of Group Global Banking from Maybank on national ESG imperatives and unlocking Sabah’s potential. This was followed by a dynamic panel session with insights from AGV Environment, Maybank Investment Bank, Ms. Valerie Ng, Head of Sustainable Finance, and SEC’s ESG initiators.
This Forum is envisioned as a signature platform to mainstream ESG leadership within Sabah, marking SEC’s bold step to connect sustainability ambitions with actionable outcomes.
Clarification on Gas Supply Irregularity at Kim Teck Cheong (KTC)
Kota Kinabalu, 11 May 2025 — Sabah Energy Corporation Sdn Bhd (SEC) refers to the recent statement by Kim Teck Cheong Consolidated Berhad (KTC) attributing their production disruption and product disposal to a gas supply failure by SEC.
We wish to clarify that the irregularity experienced was due to an upstream/offshore interruption beyond SEC’s control, and there is no direct link between the gas supplied by SEC and the damage allegedly experienced by KTC’s equipment. SEC’s gas distribution system remained within safe operating parameters at all times.
Following the incident, SEC conducted two joint inspections with KTC’s technical team and equipment supplier. The inspections found that the actual issue originated from multiple leaks within KTC’s own oven system. SEC’s sales station, pressure regulator, and pressure relief valve (PRV) were found to be functioning properly with stable pressure settings.
SEC’s temporary isolation was a standard preventive safety measure triggered upon early suspicion of leakage, and was promptly followed by joint site verifications. We reiterate that SEC has not received any validated technical findings linking machinery damage to the integrity of our gas supply.
While we respect KTC’s internal decision to dispose of products, we reaffirm that SEC continues to uphold strict safety and quality standards, and remains committed to supporting all customers with transparency and professionalism.
Welcome to Menara SEC
SEC Celebrates Aidilfitri with Record-High Dividend to State Government
Kota Kinabalu — Sabah Energy Corporation Sdn Bhd (SEC) hosted its second Majlis Rumah Terbuka Aidilfitri at the Sabah International Convention Centre (SICC), marking not only a festive celebration but also a milestone in the corporation’s journey.
Graced by the Chief Minister of Sabah, YAB Datuk Seri Panglima Haji Hajiji bin Haji Noor, the event was further honoured by the presence of several prominent leaders, including the Deputy Chief Minister III cum Minister of Works, YB Datuk Ir. Shahelmey Yahya; the Minister of Finance, YB Datuk Seri Panglima Masidi Manjun; and YB Senator Tan Sri Datuk Seri Panglima Anifah Aman.
In a highlight of the evening, SEC presented its 2024 dividend payment of RM18 million to the State Government of Sabah — the highest dividend payout in the company’s history since its inception in 1981. This significant contribution underlines SEC’s strong financial performance and commitment to supporting the state’s development.
In line with its commitment to social responsibility, SEC also contributed RM500,000 to Yayasan Kebajikan Sabah, to empower the foundation’s efforts in aiding the less fortunate. In addition, a business zakat payment amounting to RM198,536.00 was handed over to Majlis Ugama Islam Sabah (MUIS) as part of SEC’s business zakat obligations.
The event saw an attendance of approximately 600 guests, comprising government officials, industry partners, stakeholders, SEC staff, and their families. It also served as a platform to strengthen bonds, foster goodwill, and reaffirm SEC’s commitment to building enduring relationships with its stakeholders, all in the warm and inclusive spirit of Aidilfitri.
As SEC continues to grow as a key player in Sabah’s energy sector, this momentous event stands as a reflection of its steadfast mission: delivering value, empowering communities, and lighting the way forward — together.
