Petronas has launched a new foundation to streamline its corporate social responsibility (CSR) activities for greater transparency and governance. Called Yayasan Petronas (YP), the launch of the foundation was officiated by Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail, and is meant to deliver broader and deeper impact of its CSR activities across communities nationwide. Its chairman Datuk Ahmad Nizam Salleh said prior to the launch, Petronas’ CSR activities throughout its 45-year history were compartmentalised. YP will focus primarily on education, community wellbeing and development, and the environment. “Based on our motto of ‘Where Good Flourishes’, YP seeks to create spaces and pathways where we can nurture collaborations among corporations, institutions, organisations, communities, and governments, for the sake of the wider society,” Ahmad Nizam added.

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Malay Mail