Project Details
Project
Westports Impact Report
Client
Westports Holdings Bhd.
Project Type
Impact Reports
Industry Group
Transportation
Use of Proceeds
N/A
Location
Malaysia
Evaluation Date
May 2022
Evaluation Summary
Since the start of its operations in 1994, Westports has primarily been a port operations manager and continues to provide port services such as marine, rental and other related services. Based out of Port Klang, one of the three major ports in the Straits of Malacca in Malaysia, the company serves as a key port for container and conventional cargo. In 2020, Westports was the first port operator in Malaysia to handle over 10 million twenty-foot equivalent units (TEUs) in a single calendar year. Additionally, based on the company’s ESG Risk Rating, Westports ranks 2nd and is in the 3rd percentile in terms of lowest risk in the marine ports industry.
In this report, Sustainalytics evaluates Westports’ impacts on Gross Domestic Product (GDP) and jobs sustained as a result of its operations, local supply chain spending and investments. Sustainalytics has identified the following three key areas for impact assessment:
- Westports’ operations in 2021, including revenue, employment, diversity and training
- Supply chain spending in Malaysia in 2021
- Investments in infrastructure improvements, such as expansions to the CT8 and CT9 wharfs