BMCC Newsletter Issue #379 - 14 November 2023
Dear Subscriber, |
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Uncovering the Meaning Behind ESG Principles What They Mean and How to Leverage Them For Business Growth
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Recent global focus on sustainable development has become a cornerstone for organisations. This transformation is propelled by the acknowledgement of the pivotal role that Environmental, Social, and Governance (ESG) practices play in achieving enduring success and fostering positive impacts on the economy, environment, and society.
ESG factors are a set of non-financial metrics that are increasingly being used to assess the sustainability and long-term value of companies. This includes how companies respond to climate change, how they treat their workers, how they manage their supply chains and how they build trust and foster innovation. - Environmental: Greenhouse gasses (GHG) emission, deforestation, biodiversity, water and waste management, pollution, energy efficiency, renewable energy, etc.
- Social: Migrant workers, child and forced labour, working and living conditions, employees’ relations, diversity, training, health & safety, local communities, etc.
- Governance: Corruption, board diversity and structure, executive remuneration, tax strategy, regulatory policies, whistle-blowing, etc.
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In response to this paradigm shift towards sustainability, the Malaysian Ministry of Investment, Trade, and Industry (MITI) has meticulously devised the i-ESG Framework. This framework aspires to cultivate a manufacturing sector that is economically prosperous, environmentally sustainable, and socially equitable.
It represents a crucial initiative within NIMP 2030 and is strategically aligned with Mission 3: Push for Net Zero.
The i-ESG Framework embraces a holistic approach, encompassing 17 strategies and 50 associated deliverables, organised under four components: standards, capacity building, financing, and market mechanisms. |
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As a company operating in Malaysia, adopting ESG practices can benefit business in several ways: - Regulatory Compliance: Enhances reputation, broadens capital access, and improves overall risk management for companies navigating local and international regulations.
- Customer Engagement: ESG strategy goes beyond compliance, positively impacting brand awareness and fostering customer loyalty, satisfaction, and high employee morale.
- Innovation and Differentiation: ESG-driven companies identify opportunities, attract top talent, and ensure sustained growth, differentiating themselves in a competitive landscape.
- Resilient Supply Chain: ESG principles build robust supply chains, reducing risks, strengthening relationships, enhancing transparency, and increasing sales through customer loyalty.
- Financial Performance: ESG adoption reduces costs, enhances efficiency, attracts investors, and improves financial performance through higher share prices.
- Future Preparedness: ESG aids in risk management, fosters resilience, and innovation, and positions companies to adapt seamlessly to regulatory changes while anticipating emerging opportunities.
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This Framework adopts a phased approach. Its initial Phase 1.0 "Just Transition" is scheduled for 2024 to 2026. During this phase, the focus is on heightening awareness, delivering training, and providing financial support with a particular emphasis on assisting MSMEs to embark on their ESG journeys.
To read more on the ESG Framework as devised by MITI, click here. |
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We encourage our members to look to the Framework as we reflect, restrategise, and reinforce our efforts in ESG. We also anticipate Phase 2.0 of the Framework, scheduled between 2027 and 2030, aimed at accelerating ESG practices. Strategies for this phase will be meticulously crafted to align with both national and international ESG requirements. |
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| BMCC ESG Discovery Tour to Gamuda Cove |
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Join us as we uncover the secrets of a sustainable township by stepping into the future of property development. Let’s discover how Gamuda Cove, a low-carbon smart city was mindfully planned; preserving its natural resources and enhanced with a vast array of entertainment and recreation for the community.
Date: Wednesday, 15 Nov 2023 Time: 11.30 am to 2.00 pm Venue: Gamuda Cove Experience Gallery
Together, we can be a part of a greener, more inclusive tomorrow!
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| JLL | Green Horizons: Crafting the Workplace of Tomorrow |
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The former workplace is history and the world is embracing a new perspective on the role of the office in a redefined workplace. Co-organised by InvestKL and JLL, we delve into the global ESG landscape and discover how businesses are redefining their practices to address pressing environmental and societal challenges.
Date: Thursday, 16 Nov 2023 Time: 9.00 am to 11.00 am Venue: Le Meridien Hotel KL
Save the date and join here for an insightful exchange of ideas.
A confirmation email will be sent to your mailbox once your registration is approved. |
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| Sign up for the British High Commission Kuala Lumpur’s Enabling Clean Growth and Sustainable Transition session! |
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The British High Commission Kuala Lumpur invites you to participate in their dialogue session at the APCW, titled “Enabling Clean Growth and Sustainable Transition: Public-Private Partnerships and International Collaborations.”
Hear from policymakers, industry experts, and global partners driving Malaysia and Southeast Asia's green transformation. Get insights into Malaysia's just transition in energy and industry, the UK's sustainable development initiatives and successful collaborative models outlined in the UK-Malaysia Clean Growth Handbook.
The session explores international collaborations, focusing on policy enablers, innovative strategies, and real case studies from Malaysia and the United Kingdom. Date: Thursday, 16 Nov 2023 Time: 12.00 pm – 1.00 pm Venue: Persada Johor International Convention Centre OR Microsoft Teams (link will be provided upon registration) |
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| Join IGB International Schools's Masterclass on Innovative Projects for a Greener Future |
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Intrigued by sustainability's potential for a brighter world? Ready to explore how it can shape your career?
Join the in-person masterclass at IGB International School (IGBIS)! Led by Joachim Fendt-Newlin, the visionary Administrative Director of the Sustainability Management School (SUMAS) in Switzerland, this session is designed for individuals aged 14 to 17.
Date: Saturday, 25 Nov 2023 Time: 10.00 am to 12.00 pm Venue: IGB International School, Sierramas, Sg. Buloh, Selangor
Fee: RM20 per participant Open to 14 - 17-year-old students only
What’s Happening? - Presentation & discussion
- Workshop
- Real-case project presentation
- Prospective career-sharing session
What You’ll Gain? - Enhance your understanding of sustainability for school projects.
- Contribute to greener businesses, communities and personal growth.
- Explore opportunities in high-demand sustainability-related careers.
*A tea break is scheduled for the participants *Accompanying parents/guardians can enjoy refreshments at the cosy waiting lounge
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| Last Week At The BMCC & KTJ Sustainability Conference: Empowering Schools for a Greener Future! |
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The British Malaysian Chamber of Commerce was proud to have been a part of Kolej Tuanku Ja'afar's Sustainability Conference: Empowering Schools for a Greener Future!
Inspiration knows no age and we were inspired by the amazing ideas of our future leaders from the Asia Pacific School, Epsom College, Nexus International School, Charterhouse Malaysia, and Kolej Tuanku Jaafar.
The conference focused on providing students a platform to share their inspiring sustainability stories and eco-initiatives, fostering learning and innovation.
Thank you, Glenn Moodie, Principal of Kolej Tuanku Ja'afar and his team for providing this opportunity to students in schools belonging to the BMCC Education Committee. |
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Is your organisation ESG/Green certified? Have a positive ESG initiative/story that you'd like to share? Have an upcoming ESG-related event in November we can jointly support?
No matter the impact, we'd love to hear our members’ exciting news and help spread the word about the incredible work it is doing to create a better future!
Seize this opportunity to highlight your contributions to advancing environmental, social, and governance causes.
Please reach out to Comms@bmcc.org.my to share your story or for more details about this initiative and potential partnership opportunities! |
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| CEO Spotlight | Meet Andrew Dalton, Director of Education of The International School at ParkCity |
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The International School @ ParkCity (ISP), established in September 2011, caters to students aged 3 to 18, providing a comprehensive educational journey from Nursery through to A-Levels.
Situated in the highly acclaimed township of Desa ParkCity in Kuala Lumpur, ISP is an integral part of the community. |
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The school offers a challenging programme of study based upon the English National Curriculum which is known for its academic rigour, whilst providing adaptability to address global shifts in an international context. In 2019, The International School @ ParkCity Hanoi (ISPH) opened as the sister school to ISPKL and at that juncture, this expansion marked a significant development and my role evolved to oversee ISPKL, ISPH, and all educational developments within the ParkCity group.
To read more from our interview with ISP, click here! |
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| Be A Part of the BMCC Guide to the UK-Malaysia Education Excellence 2024 |
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EXCITING NEWS! We are introducing the BMCC Guide to UK-Malaysia Education Excellence! This go-to annual e-publication showcases exceptional British and Malaysian education in the BMCC Network. It will serve as the ultimate resource for students, parents, expats, and investors exploring Malaysia's dynamic education scene. |
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WHAT IT OFFERS:
A Comprehensive Overview: Explore British education opportunities in Malaysia and the wider region, featuring institutions and collaborative partnerships offering a range of programmes from pre-kindergarten to graduate-level degrees.
A Spectrum of Options: An overview of a diverse range of choices that caters to various academic aspirations and needs, while also exploring institutions that exemplify educational excellence.
Education Leadership Insights: Gain valuable advice from top educators, their vision, values, and commitment to excellence, offering a personal connection to the educational institutions of your choice.
INTERESTED? Please email Comms@bmcc.org.my for more info, a copy of the rate card, and to secure an advertising spot! |
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| Let's Jingle and Mingle at Our Christmas Party on 8 December! |
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Celebrate the most wonderful time of the year at the BMCC Christmas Party, a festive networking opportunity for BMCC members.
Get ready for a night of pure enchantment with delightful, bottomless drinks and a sumptuous buffet dinner that will tantalise your taste buds.
Date: 8 December 2023 Time: 5.30 pm - 8.30 pm Venue: EQ Kuala Lumpur, Level 3, Conservatory
Let's spread the holiday cheer by making new connections and celebrating in the spirit of togetherness! |
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| Remembrance Sunday at the Taiping War Cemetery |
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The BMCC observed Remembrance Sunday by taking part in the British High Commission in Kuala Lumpur’s annual Service of Remembrance. The service took place on Sunday 12 November, at the Taiping War Cemetery to remember those who served their countries in both World Wars and other conflicts since. The service hosted by H.E. Ailsa Terry, British High Commissioner to Malaysia, marks 78 years since the end of the Second World War.
Thank you, Richard Colley, BMCC Board Member and Director of Trade & Investment Malaysia, Department for Business & Trade, for representing the Chamber to lay the wreath at the Remembrance Service. |
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| Let's welcome our New Members ActivPayroll! |
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activpayrollis here to navigate your global complexity helping your business to thrive. |
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They are a world-leading global payroll, HR, and mobility solutions partner. Their commitment to clarity, data security, and compliance is in their DNA and they seamlessly operate across international borders helping businesses thrive in over 150 countries.
Their technology and global specialists will work with you to ensure your business's payroll and HR processes are not just efficient, but a source of strength for your business growth. Let’s partner with activpayroll to navigate your global complexities – because they've got you every step of the way. For more info, please browse their website! |
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| Welcoming our New Member Sunway Education! |
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Sunway Education, a renowned name in Malaysian private education was formed by Tan Sri Dr Jeffrey Cheah AO, with the belief and understanding that education is vital to the progress of the country. This belief and understanding still holds true to this day! |
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Rooted from Sunway College which was formed in 1986, Sunway Education now comprises 18 institutions; to name a few, Sunway University, Sunway College, Sunway College Johor Bahru, Sunway International School, Sunway International School Iskandar, Sunway TES Centre for Accountancy Excellence, Sunway iLabs, and Sunway R&D. Sunway Education is owned and governed by the Jeffrey Cheah Foundation (JCF), the largest education-focused social enterprise in Malaysia. In its aim to deliver quality higher education, Sunway University works closely in partnership, collaborating with world-class partners Lancaster University and Le Cordon Bleu International, to offer premier education with international recognition. For more information about Sunway Education, click here! |
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| A Welcome To Our New Member Charlton Martin! |
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The Charlton Martin Group provides construction contract consultancy services to the construction, engineering, power, process, petrochemical, and oil and gas industries within the Asia Pacific Region, dealing specifically with the many disputes and varied problems, which frequently arise. |
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Michael Charlton and Rodney Martin have worked together successfully for more than two decades, the majority of which have been as Chairman and CEO of the Charlton Martin Group. The Charlton Martin Group was established in 2007 with practices in Hong Kong, Singapore and Malaysia. They bring over fifty years experience of working in Asia Pacific. The Charlton Martin Group provides services to the construction industry on contractual matters and contract administration; claims preparation; training and seminars; mediation; adjudication and arbitration services; litigation support and expert witness services. For more information, click here! |
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| British High Commission in Malaysia Launches UK Semiconductor Handbook |
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The UK Semiconductor Handbook was launched at the UK-Malaysia Semiconductor Roundtable and Networking Reception on 31 October 2023 at the E&O Hotel in Penang.
Her Excellency Ailsa Terry, British High Commissioner to Malaysia, Richard Graham MP, UK Prime Minister’s Trade Envoy to Malaysia and ASEAN and Yang Amat Berhormat Chow Kon Yeow, Chief Minister of Penang were present to jointly launch the handbook.
Commissioned by the UK Digital Trade Network, the UK Semiconductor Handbook presents an overview of the UK semiconductor industry, its unique strengths and UK industry champions. To learn more about the UK semiconductor industry, access the handbook here. |
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| Malaysian Prime Minister Unveils Kuala Lumpur Structure Plan 2040 |
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The newly launched Kuala Lumpur Structure Plan 2040 (PSKL2040) prioritises creating an inclusive and technologically advanced city. |
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Malaysian Prime Minister Datuk Seri Anwar Ibrahim highlighted its focus on both economic development and public well-being, incorporating new technologies like Artificial Intelligence (AI) and energy transition. PSKL2040, replacing PSKL2020, aligns with Sustainable Development Goals (SDGs) and New Urban Agenda (NUA) to address current and future needs. The plan emphasises economic, social, environmental, and cultural aspects. It also outlines six main goals for innovative, inclusive, green, efficient, and sustainable development.
Gazetted on Oct 19, PSKL2040 ensures Kuala Lumpur's strategic and sustainable growth for the next 20 years. The plan will be available to the public from Nov 23, with the draft KL Local Plan 2040 set for display in Q1 of next year. |
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| Epsom College in Malaysia | The Epsom Experience in KLGCC, Bukit Kiara |
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Experience Asia’s Only Integrated School for Academic Excellence with World-Class Sports & Music
Date: 26 November 2023 Time: 10.30 am to 5.00 pm Venue: Kuala Lumpur Golf & Country Club, Bukit Kiara |
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Are you looking for a prestigious British boarding school that not only nurtures academic brilliance but also offers world-class sports programmes in golf, tennis, and football?
Epsom College in Malaysia invites you to The Epsom Experience in KLGCC, where you will meet the experienced academic team and sports coaches to explore and chart the path for your child to take on the world. The world-class tennis, football and golf coaches will be on hand for individual live sessions.
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| Heriot-Watt Univerity Malaysia | Open Day and Business Discovery Day |
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Discover your purpose at Heriot-Watt University Malaysia's Open Day! Experience education with a meaningful impact as you delve into our purpose-driven programmes tailored to make you industry-ready.
Get lost in the beauty of our campus while connecting with esteemed academics who genuinely care about your journey. From inspiring workshops to eye-opening campus tours, we'll provide the tools you need for success.
Mark your calendars: 2 - 3 December, 10 am to 4 pm!
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| Malaysia Airlines | Introducing MHsports and Unbeatable Perks! |
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Malaysia Airlines has recently introduced MHsports to improve the overall traveller experience and enhance its existing commercial offerings. MHsports offers unbeatable perks for groups of five or more people travelling for sporting events, including special fares, extra 10kg baggage allowance, flexible date and time changes, and the option to extend the journey with a flexible return date. Exclusive opportunity: BMCC Members can enjoy MHsports benefits with just 4 or more passengers travelling to Bandung via flights to Kertajati.
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| Marlborough College Malaysia | Admissions Open Morning on 18 November |
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Marlborough College Malaysia invites you to join their College Admissions Open Morning at Marlborough College.
Don't miss this opportunity to be a part of a world-renowned school and provide your children with an award-winning British education.
Date: 18 November 2023 Time: 8.30 am to 12.00 pm Venue: Marlborough College
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| Universiti Malaya | Welcoming the New Vice-Chancellor |
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Our heartiest congratulations to Dato’ Seri Professor Ir. Dr. Noor Azuan Abu Osman on his appointment as the new Vice-Chancellor of Universiti Malaya (UM) as of 6 November 2023. |
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Dato’ Seri Professor Ir. Dr. Noor Azuan Abu Osman is not new to UM as he is a Professor in the Department of Biomedical Engineering, Faculty of Engineering. He was the former Dean of the Faculty of Engineering and also the former Acting Registrar of UM. He is a graduate with Honors in Mechanical Engineering from the University of Bradford, United Kingdom, and holds a Master's and Ph.D. in the field of Bioengineering from the University of Strathclyde, United Kingdom.
With UM's new leadership, they eagerly anticipate our upcoming interactions to deepen their partnerships in international collaborations including academic mobility, research, and global employability. They look forward to providing insights and aspirations to shape the direction of UM's global engagement initiatives. |
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The BMCC wishes the former Vice-Chancellor of Universiti Malaya, Dato' Professor Ir. Dr. Mohd Hamdi Abd Shukor best wishes in his future endeavours. |
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| XCL Education | Sri KDU International School Subang Jaya Open Day |
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Discover the extraordinary world of learning at Sri KDU International School Subang Jaya! Whether you are embarking on your educational journey or seeking to further develop your skills, we have an enriching experience tailored just for you.
Date: 25 November 2023 Time: 10.00 am to 2.00 pm |
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Register now to secure your spot and embark on a remarkable learning journey with us. Don't miss out on this incredible opportunity!
At Sri KDU International School Subang Jaya, we provide a nurturing environment and top-class facilities to empower students of all ages. Join us and unlock the doors to limitless educational possibilities. See you there! |
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| XCL Education | REAL Schools Shah Alam Open Day |
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Discover a World of Education Excellence at REAL Schools Shah Alam's Open Day!
Are you looking for the perfect educational institution that nurtures your child's potential and prepares them for a successful future? We are thrilled to invite you and your family to our upcoming Open Day. Join us for a day filled with interactive activities, informative sessions, and a glimpse into the innovative learning environment that sets us apart. |
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Date: 18 November 2023 Time: 9.00 am to 2.30 pm
Exploring a World of Possibilities: At REAL Schools Shah Alam, we believe in providing a holistic education that empowers students for the challenges of the 21st century. Our Open Day is the perfect opportunity for you to witness the REAL difference in education. Step into our state-of-the-art campus and experience the warm and inclusive environment we offer.
Engage and Discover: During the Open Day, you and your child will have the chance to engage with our dedicated educators who are passionate about nurturing young minds. Learn more about our innovative curriculum, which focuses on developing critical thinking, creativity, and problem-solving skills. It's an excellent chance to understand how we prepare our students for lifelong success.
Exciting Activities Await: Get ready for a day filled with captivating activities that cater to students of all ages. From simple experiments that ignite curiosity to robotics workshop, there's something for everyone. Let their creativity soar at the arts and crafts station, and watch as they tackle math games and puzzles that make learning enjoyable. We haven't forgotten our youngest learners; the Early Years Art & Craft corner provides a safe and stimulating space for exploration and creativity.
Find the Ideal Educational Journey: Choosing the right educational institution for your child is a crucial decision. Our Open Day event gives you a chance to witness firsthand why REAL Schools Shah Alam is the perfect choice. Take the opportunity to speak with our experienced educators, tour our campus, and envision your child's future here. |
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| EQ | Thanksgiving in Style |
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Thanksgiving, a highly celebrated holiday in the United States, found its way to our shores when hotels opened their venues to host our expat friends and their families. In recognition of this time-honoured custom, EQ's Thanksgiving Takeaways is where you should turn to for a respite from the kitchen. This delectable spread has a fully cooked Cajun turkey along with all the traditional holiday sides like stuffing and mashed potatoes.
Prices start at RM128+ per kg and will be available for orders starting on November 15. |
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Etoile, on the other hand, is going all out to make your Thanksgiving meal memorable by offering a sumptuous semi-buffet spread complete with an appetiser and dessert buffet, chilled juices and soft drinks, and more for RM68+ per adult and RM34+ per child under 12 years old.
All orders, please WhatsApp our dining reservations team at +60 12 2789239 |
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| IGB International School | Virtual Open Day on 24 Nov 2023 |
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At IGB International School (IGBIS), they engage, enable, and empower their students' inquiring minds, instilling confidence, fostering lifelong learning, and encouraging self-discovery. This prepares them to positively impact their community and beyond, aligning with their motto, “Igniting Minds, Impacting Lives.”
To know more, join their Virtual OPEN DAY on 24 November 2023, Friday from 2.00 pm to 3.00 pm |
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Meet their Head of School, Dr Gregory Brunton and the team to engage in a talk on how they ignite minds and make a positive impact at IGBIS. There will also be a virtual school tour for you to explore their state-of-the-art facilities and a Q&A session for you to gain deeper insights into their educational offerings.
IGBIS boasts a 92% expatriate teaching staff, welcoming students from 35 nationalities, creating a diverse, globally-minded environment where the IGBIS Community could positively impact personal growth and the wider community.
All attendees receive up to *100% application fee rebate upon enrolment at IGBIS. *T&Cs apply
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| Press Metal Aluminium Holdings | Congratulations on Two Gold Awards for Edge Malaysia ESG Awards |
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We would like to congratulate our member Press Metal Aluminium Holdings for clinching two gold awards at The Edge Malaysia ESG Awards 2023 in the equities category for industrial products and services and the green transitions awards. |
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The Edge Malaysia believes that the success of Malaysia's sustainability goals will depend significantly on effective public-private partnerships. The annual event recognises leaders among public-listed companies and asset management firms in the environment, social, and governance (ESG) space in Malaysia.
To read more on this year's The Edge Malaysia ESG Awards 2023, click here. |
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| Prince of Wales Island International School | Student Leadership Conference by Fobisia |
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The Fobisia 2024 Student Leadership Conference hosted by Prince of Wales Island International School Balik Pulau Campus, Penang, promises to be a powerful experience. With the theme "Impacting Lives, Changing Futures", this conference will be an uplifting learning adventure for your student leaders and those leading social, economic and environmental change-making (e.g. Eco Committee, Rotary Clubs, Humanitarian Programmes) in your school.
Date: 2 - 4 February 2024 Venue: Prince of Wales Island International School, Penang
Featuring a live Race4Good experience with Ms. Linda Cruse as well as Malaysian and regional young leaders with international leadership experience and awards (Obama Award, Queen's Young Leader Award, Your Big Year 2011 Winner) including Melati Wijsen, Michael Teoh and Heidy Quah, interactive workshops, engaging discussions, a Leaders' Ball and talent show as well as a community uplift experience in various places around Penang. There will also be networking opportunities for students and teachers alike to connect with NGO's and change-making organisations from Malaysia as well as Southeast Asia. Not to mention experiencing Penang's delicious street food and rich cultural heritage.
This conference is open to all secondary students from Year 7 to 13 in FOBISIA Schools. There are 300 spots available on a first come first serve basis. The early bird fee of USD 260 will cover all lunches and dinners and logistics, conference workshops, networking events and seminars with youth changemakers, business mentors and Ms. Linda Cruse, a ball and talent show, community uplift visits in Penang and a welcome event before the conference.
More details on speakers and costs can be found here.
Hurry register here before 15 December 2023 to enjoy an early bird rate! |
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| The RuMa Hotel | Five for Five: Celebrating The RuMa Hotel and Residences' 5th Anniversary at ATAS |
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In honour of The RuMa Hotel and Residences' 5th anniversary this November, ATAS presents a modern bistro-style menu in five courses, meticulously crafted with responsibly sourced ingredients. Indulge in a tasting menu that speaks of the evolution of ATAS' culinary journey thus far, with dishes such as Seasonal oyster with homemade ponzu and lime; dry-aged angus striploin with truffle chopped salad; and truffle ice cream with honeycomb, sea salt and hazelnuts. Alternative dishes are available to accommodate for any food allergies or restrictions. As a token of our gratitude, the limited-time menu will be priced at just RM288nett per person and will be available from 25 October till 13 December 2023.
Click here to view the menu and secure your reservation! |
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| Learning Curve Group | 20% off Mental Health Courses this Men's Health Awareness Month |
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The statistics paint a concerning picture. Since 2009, the number of men experiencing suicidal thoughts has doubled.
While there has been progress in men seeking therapy for their mental well-being, we must acknowledge that there is still a long journey ahead to ensure that men receive the support they need. |
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Learning Curve is extremely proud to have online courses that have enabled thousands of people to increase their understanding of mental health. By giving people the knowledge of signs, symptoms and triggers, we can signpost people to get the help and support they need.
Whether as training for managers, or appointing a 'Mental Health Champion' in the workplace, these courses add valuable skills to any team, and demonstrate a commitment to CPD.
Their online training courses are internationally recognised and accredited, and members can utilise their discount code: MHAM20 for 20% off! |
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| IOI Palm Wood | Driving Nature-Positive Impacts |
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In the quest for a sustainable future, IOI Corporation Berhad (IOIC) has adopted the theme "Driving Nature Positive Impact" in its 2023 Sustainability Report.
The company has pledged to achieve Net-Zero carbon emissions by 2040. This commitment extends beyond mere decarbonisation of its current activities IOIC is actively seeking cutting-edge technologies and innovations to design future-proof operations that minimise their carbon footprint. |
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To attain this goal, the company has doubled down on its efforts to promote the "7R's" sustainability framework: Rethink, Repurpose, Reduce, Reuse, Recycle, Repair, and Recover.
IOI Palm Wood Sdn Bhd (IOI Palm Wood), a subsidiary of IOIC effectively apply three (3) out of the "7R's" principles – Repurpose, Rethink, Reduce. |
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Repurposing of Oil Palm Trunk (OPT) into premium palm-based engineered wood products - IOI Palm Wood, operating as "OnCore", is a sustainable initiative transforming oil palm waste into environmentally friendly palm wood panels.
- This approach traps Greenhouse Gas (GHG) emissions and provides an eco-friendly alternative to conventional timber.
- By lessening the demand for natural forest resources, IOI Palm Wood plays a role in conserving habitats and ecosystems.
Rethinking on Waste Management - Transforming Oil Palm Trunk (OPT) into engineered wood products using OPT offcut as biofuel for energy plants is a significant, and environmentally responsible approach that reduces Greenhouse Gas (GHG) emissions.
Reducing GHG Emissions from Decomposition - By transforming OPT into engineered wood products and using it as biofuel instead of leaving it to decompose into methane, the release of GHGs is minimised. This action aligns with global efforts to reduce methane emissions.
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Stay up-to-date with the Chamber’s latest news and activities through this newsletter or follow us on our social media platforms. |
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British Malaysian Chamber of Commerce Berhad 201801018075 (1280091-P) E04C0, 4th Floor East Block, Wisma Golden Eagle Realty, 142-B Jalan Ampang, 50450 Kuala Lumpur Copyright © BMCC 2023 |
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