KUALA LUMPUR: Sedania Innovator Bhd’s subsidiary has inked a six-year contract with Pos Malaysia to reduce energy consumption on a shared saving concept.

       In a statement yesterday, it said Sedania Technologies Sdn Bhd would provide the technology through its energy performance contract (EPC) framework which allows organisations to pursue their environmental, social and governance (ESG) objectives and significantly reduce its energy consumptions on a zero-capital expenditure basis.

       “After Sedania’s footprint in the banking and telecommunications verticals, this contract represents the company’s entry into the supply chain sector which has seen a substantial growth in the last 18 months due to the increase in online shopping,” it said.

       Based on published reports, Pos Malaysia, through its Pos Laju Send Parcel, has shipped more than 6.7 million parcels in total and generated RM45.5mil in revenue in 2020.

       Sedania chief executive officer Daniel Ruppert said: “This latest venture marks an important milestone for Sedania as we expand our GreenTech solutions into the logistics and supply chain industry – an industry with thousands of decentralised processing centres and branches all over Malaysia.”

       The first deployment will include energy efficiency and renewable energy solutions at eight selected Pos Malaysia sites in the Klang Valley and is scheduled to start this year and complete within three months.

       Ruppert said Sedania was looking forward to help Pos Malaysia reduce its operating cost and achieve its energy sustainability goals.

       “As our model is non-disruptive to operations or finance, we encourage other organisations to replicate similar initiatives and execute their green agenda today instead of tomorrow,” he said.