YTL Power International Berhad is an international multi-utility owner and operator, active across key segments of the utilities industry, with operations, investments and projects under development in Malaysia, Singapore, the United Kingdom, Indonesia, Jordan and the Netherlands. YTL Power has a strong track record in developing greenfield projects as well as in acquiring operational assets through competitive auctions.
The net profit of YTL Power International Berhad increased in FY2023 to RM2.44 billion from RM1.64 billion during the previous financial year.
The year on year net profit growth at YTL Power International Berhad is at 49.18%.
The Group declared a dividend payout of RM202.55 million for FY2023.
YTL Power International Berhad did not specify a contribution amount made towards Zakat.
Total cash contributions made by YTL during FY2023 was approximately RM7,400,000 based on an email correspondence regarding their annual report.
Total in-kind contributions are not defined due to incomplete data. However, contributions are still accounted for under the RM7.40 million contribution made through community investment.
The total employee volunteer hours at YTL Power International Berhad is 3,148 hours based on their FY2023 annual report.
No. | Contribution | Based on Previous Yr | Cash Giving | In-kind Giving | Employee Volunteer Hours | Beneficiaries | |
---|---|---|---|---|---|---|---|
1 | YTL Foundation Scholarship Programme | N/A | Scholarship | N/A | 15 scholars | The belief that future generations hold the key to a prosperous and progressive nation. From the technical wonders of engineering to exploring the world of humanities, YTL Scholars can pursue their interests and aspirations both locally and internationally. Two scholarship programmes are available for qualifying high achievers who also possess strong interests in community service. There were 15 successful YTL Foundation scholars in 2022 including one pursuing a degree in Human, Social and Political Sciences in Cambridge University and another in Law in the University of Bristol. There are 70 active scholars under the programme. | |
2 | KelasKita: An evolution of the Learn From Home Initiative | N/A | Tuition | N/A | Students | With the rich bank of Learn From Home educational content, KelasKita allows volunteers to provide tuition (online or onsite) to children in low-income communities most affected by the pandemic using the Learn From Home Lessons and FrogAsia’s virtual learning platform (Frog VLE). Through the Frog VLE, volunteers are able to teach using the ready-made lessons, edit lessons to add their own content, assign homework and quizzes and monitor the progress on their students. Over the course of the year training was conducted for KPMG and PricewaterhouseCoopers Associates Sdn Bhd (PwC) (for both the administrators and volunteers) on using the KelasKita platform. In June this year, KPMG started the programme with students from SK Bukit Lanjan Selangor and PwC volunteers tutored students from Rumah Kebajikan Anbu Illam, Rumah Kebajikan Karunai Illam and Pusat Jagaan Rumah Juara. | |
3 | KelasKita: An evolution of the Learn From Home Initiative | N/A | Tuition | N/A | 140 students | Teach For Malaysia received a grant from CIMB Foundation to carry out the KelasKita classes for students in PPR Hicom and Lembah Subang. Volunteers from Universiti Teknologi MARA were recruited and trained, kicking off the first session in PPR Lembah Subang with 16 volunteers and 60 students. In April 2023, FrogAsia joined the programme and 12 volunteers conducted classes for 80 students at PPR Hicom. | |
4 | KelasKita: An evolution of the Learn From Home Initiative | N/A | Tuition | N/A | 70 students, 2 schools | Micron Technology, an American producer of computer memory and computer data storage with a large facility in Penang also started the KelasKita programme in June this year with more than 70 students in two schools near their facility (SK Batu Kawan Penang and SJKT Batu Kawan Penang). | |
5 | Leaps Academy | N/A | Outreach programme | N/A | 291 students | Leaps Academy resumed physical classes at 54C, the YTL Learning Space, and carried out outreach programmes commencing in July 2022. Leaps Academy runs programmes for children from the underserved community including the B40 and refugee communities, to improve education to build a stronger foundation for success. To date, Leaps Academy has worked with over 200 local and international volunteers. In July 2022, three volunteer students from top UK universities, Bath University and Oxford University, were recruited through a partnership with Soroptimist International Damansara under their Building Bridges Beyond Borders programme. Serving in high-need refugee schools, each volunteer worked with over five schools and taught over 100 classes for both academic and non-academic subjects for a minimum of three to six months. As of June 2023, there were 291 students attending classes on a weekly basis. In collaboration with Lions Club Raub, a new cohort of over 50 Orang Asli students from SEMOA, Kampung Tras Pahang, have joined their first-ever online classes since May 2023 for English, Mathematics and Bahasa Melayu at primary and secondary levels. | |
6 | Leaps Holiday Programme | N/A | Social and Emotional Skills workshop | N/A | 105 students | Three sessions of “Empowering Students and Shaping a Socially Aware Generation Equipped with Social and Emotional Skills” were conducted, with a total of 105 students taking part. | |
7 | Computer Skills Programme | N/A | Computer Skills Programme | N/A | 10 children | Conducted by three YTL scholars for 10 children from two refugee community schools over a course of four lessons. | |
8 | Waste Management & Recycling | N/A | 2 refugee schools | N/A | 15 students | Conducted by the YTL Group Sustainability team for a group of 15 students from two refugee schools. | |
9 | 54C Holiday Programme | N/A | Educational programme | N/A | 30 children | About 30 children of YTL employees and from the Sentul community, joined this programme in March 2023, exploring the basic skills of drawing and the art of colouring, and learning about movement and rhythm, and played games while listening to the sounds made. During the science, technology, engineering and mathematics (STEM) workshop conducted by Universiti Tunku Abdul Rahman lecturers, the children learned about the different parts and functions of the heart, as well as Maths and Physics activities. | |
10 | 545 Music Classes | N/A | Music Class | N/A | 30 students | Conducted by educators from TickTock Beats Music and Movement, a well-established music school since 2002 for nearly 30 students aged 5-15 from the underserved community. | |
11 | Healthy Living Awareness Programm | N/A | Awareness programme | N/A | 350 children | Three programmes carried out in collaboration with International Medical University (IMU) for a combined attendance of 350 children from seven refugee schools. There were 28 volunteer students who conducted the programmes covering sleep hygiene, nutrition and oral hygiene. | |
12 | 54C Christmas Party | N/A | 6 Christmas parties | N/A | 220 children | Six Christmas parties organised for 220 children; these included the children of YTL staff, children from the Sentul community and children from the refugee community. | |
13 | Malaysia Teacher Prize – Pemimpin GSL | N/A | Malaysia Teacher Prize | N/A | 10,000 teachers | Together with the Global Teacher Prize and PEMIMPIN GSL, YTL Foundation organised and funded the first ever Malaysia Teacher Prize last year to elevate the status of teachers and recognise Malaysian teachers who go above and beyond their call of duty to make a difference. The inaugural event saw education and industry leaders coming together to celebrate the teaching profession and witnessed Cikgu Anuthra Sirisena walk away with RM50,000 for her amazing efforts not just in her classroom but in her community. This year, the Malaysia Teacher Prize has returned for its second year to celebrate exceptional educators in Malaysia. In addition to YTL Foundation, the Malaysia Teacher Prize 2023 is also funded by Yayasan Hasanah and ECM Libra Foundation, aspiring to reach 10,000 teachers and receive at least 2,000 applications. Furthermore, in November this year, the Prize will also feature a Summit to showcase the work of teachers and provide a platform for stakeholders within and beyond the education sphere to network and exchange ideas on innovations in education. As part of the Malaysia Teacher Prize’s broader scope to drive long term impact for the education landscape in Malaysia, the Top 10 Finalists will also be given professional development to sharpen their expertise and scale their teaching methods beyond their classrooms. | |
14 | Teachers for Educational Equity Initiative | N/A | Teacher training | N/A | 36 teachers | YTL Foundation partnered with the University of Birmingham to co-develop the Teachers for Educational Equity Initiative – an Initiative that aims to partner with alternative learning centres and Teach For Malaysia to provide world-class quality education to teachers teaching in underserved, underprivileged and marginalised communities across Malaysia. For the inaugural year of the PGCEi in International Education, the Foundation and University chose to reach out to alternative learning centres within the Klang Valley (Selangor, Kuala Lumpur and Putrajaya) within the Foundation’s network. This is to ensure a smoother execution and management of the programme especially as there is no existing framework for such a collaborative teacher education initiative. A total of 36 teachers from the alternative learning centres and 41 from Teach For Malaysia were nominated by their school leaders and Teach For Malaysia, respectively. YTL Foundation and the University conducted the Admission Assessments throughout the week of 25 June 2023. The results of the Assessment of English Communication for Multilingual Speakers were announced in mid-July 2023 followed by the registration and enrolment of the teachers by the University. | |
15 | Malaysia Collective Impact Initiative (MCII) | N/A | Educational programme | N/A | 23 schools | MCII is a collective impact organisation for education in Malaysia. Collective Impact is a framework for facilitating and achieving large scale social change, a structured and disciplined approach to bringing cross-sector organisations together to focus on a shared mutual outcome that results in sustainable impact. YTL Foundation is a founding member of MCII. During the course of the year, MCII carried out various literacy, STEM and leadership programmes in 23 schools in the Klang district, working with among others, MyReaders, OSK Foundation and Pemimpin GSL. It continues to engage the community in its Education Roundtables and Online Sharing Sessions. | |
16 | Collaboration with Deloitte on Kids Edu Programme | N/A | Sim cards | N/A | 300 students | Once again YTL Foundation collaborated with Deloitte, to equip the children in Negeri Sembilan, Pahang, Selangor and Penang with YES 4G sim cards for online tuition classes. This initiative impacted over 300 students. | |
17 | AVPN Global Conference 2023 | N/A | Event partnership | N/A | 1,000 social investors | YTL Foundation, as a Lead Partner for the AVPN Global Conference 2023, hosted the opening dinner in June 2023, providing an opportunity to promote the work of the Foundation on a regional platform, building on the AVPN Constellation Award for the Learn From Home Initiative won last year. The conference brought together over 1,000 social investors, philanthropists, institutional investors and impact investors from around the world. From climate action and empowering communities to impact investing, participants gained valuable perspective from change makers in the field. | |
18 | Ruang Kita | N/A | Nutritional programme | N/A | 273 pregnant mothers | In 2020, YTL Foundation collaborated with Sentul Raya Sdn Bhd, Dewan Bandaraya Kuala Lumpur, Polis Diraja Malaysia and Toy Libraries Malaysia to launch the Ruang Kita programme in PPR Sri Perak. Humankind, Sentul Raya Sdn Bhd, Toy Libraries Malaysia, Kelab Belia Sentul and Childline Foundation joined hands to run a Community Day on 3 December 2022 reaching out to 1,200 families with around 200 children, parents and volunteers coming together for the event. The 1000-day nutritional programme in collaboration with International Medical University launched in 2020 has reached out to over 150 pregnant mothers impacting both 10 pregnant women from PPR Sri Perak and 123 pregnant women from PPR Setapak. This programme educates the mothers, pregnant women and post-partum mothers about the importance of healthy diets for themselves and their newborn, in the first 1,000 days. | |
19 | Collaboration with Free Food Society | RM0.03M | N/A | N/A | 200 students | To widen outreach to needy students outside the scholarship programme, the Foundation provided a grant of RM36,000 to the Free Food Society to serve a meal daily for about 200 B40 students in Universiti Malaya this year. The grant will also be utilised to provide snacks to students under the Orang Asli Tuition Project in Kampung Serigala, Tanjung Malim Perak. | |
20 | Collaboration with Sr. Enda Welfare Organisation (SEWO) | RM0.01M | N/A | N/A | 60 students | SMK Assunta The Foundation also provided a grant of RM15,600 to SEWO for 60 needy students in SMK Assunta to sponsor school uniforms, shoes, stationery, and exercise books | |
21 | Wessex Water Foundation | GBP0.80M | N/A | N/A | Beneficiaries | The charitable Wessex Water Foundation spent just over £800,000 in 2022-23 supporting thousands of people and environmental initiatives across the south-west. Every year, the Foundation distributes £225,000 of core funding to Citizens Advice Bureau and £70,000 to five key environmental partners. This year, in recognition of the costof-living crisis, it provided an extra £160,000 to debt advice partners. And as part of the Community Connectors launch, £66,360 of new funding was devoted to supporting community-led projects in Chippenham and Bridport. | |
22 | Wessex Water Foundation | GBP0.07M | N/A | N/A | 63 community groups | The Wessex Water Foundation also delivered two community funding rounds in 2022 for the Environment Fund awarding more than £72,000 to help 63 community groups make improvements to their local environment. | |
23 | Wessex Water Foundation | GBP0.17M | N/A | N/A | 67 community groups | The Community Fund awarded £176,000 to 67 charitable and community groups to support a variety of activities which aim to improve the lives of people throughout the south west. | |
24 | Wessex Water Foundation | N/A | 3,148 hours | N/A | 26 charities | Water Force, Wessex Water’s staff volunteering programme, really thrived this year – 541 colleagues, more than 22% of the whole workforce, took part, donating 3,148 hours of work to 26 different local charities. Activities included beach cleans in Dorset and Somerset, Christmas tree recycling collections for hospices, gardening support for therapy gardens, packing Christmas parcels for food banks and the Salvation Army, animal sanctuary support and work for the Bristol Avon Rivers Trust and the Dorset, Avon, Wiltshire and Somerset Wildlife Trusts. | |
25 | Geneco’s ChangeMakersSG Programme | N/A | 150 trees | N/A | Environment | Commemoration of Geneco as Singapore’s No. 1 Residential Electricity Retailer with special edition of Plant-A-Tree and planting of additional 150 trees at Pasir Ris Park on International Day for the Preservation of Ozone Layer 2022. | |
26 | Geneco’s ChangeMakersSG Programme | N/A | 50 trees | N/A | Environment | Geneco held its third Plant-A-Tree event with a firstever evening planting, and planted another 50 trees at Bedok Reservoir Park. | |
27 | Geneco’s ChangeMakersSG Programme | N/A | 2,930kg of recyclables | N/A | Environment | Over 2,930kg worth of used red packets collected and sent for recycling to Tay Paper Recycling. | |
28 | Geneco’s ChangeMakersSG Programme | N/A | 72,138 pledges made | N/A | Environment | 72,138 pledges were received in nationwide pledge movement to support conservation of biodiversity. | |
29 | Geneco’s ChangeMakersSG Programme | SGD0.01M | N/A | N/A | Environment | S$10,000 donation to Singapore Botanic Gardens Seed Bank through NParks’ Garden City Fund, to contribute to efforts for the conservation of botanical diversity through preserving the seeds of threatened plant spec |
1. The numerical value for total cash and in-kind giving was calculated based on individual monetary mentions in the Annual and Sustainability report.
2. The information above is derived from YTL Power International Berhad’s 2023 Annual and Sustainability Report. Email correspondence was made between 12 June – 30 July 2024 to seek further clarification, as reflected in the table and summary above.
This independent report is produced without sponsorship from any organisation. The objective of the Bursa Top 20 is to promote philanthropy and encourage charitable giving among for-profit organisations.
YTL Power International Berhad contributed RM7.4 million through community investment, based on an email correspondence regarding their annual report. The company’s largest contribution focus was on educational initiatives, accounting for 46.2% of their total contributions. This was followed by sponsorships at 23.1% and environmental initiatives at 15.4%. The educational initiatives were primarily driven by programs such as the YTL Foundation Scholarship, KelasKita, and Leaps Academy. The majority of YTL’s contributions were directed towards youth beneficiaries, who made up 61.5% of the target group, followed by the community at 19.2% and the environment at 15.4%. For example, YTL’s collaboration with Deloitte on the Kids Edu Programme reached 300 students. Additionally, YTL Power International Berhad reported 3,148 employee volunteer hours in FY2023.
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