Issue #240 - 22 Feb 2021 Dear Subscriber, |
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The BMCC e-Newsletter Goes Green Today!
Welcome to the inaugural Green edition of the BMCC e-newsletter.
We are excited to let you know that starting February until the end of 2021, the BMCC will be transforming the last issue of our weekly e-newsletter every month into an edition especially dedicated to green business and sustainability, in support of the Race to Zero (R2Z) global carbon-neutral campaign leading up to CoP26, the UN Climate Change Conference to be jointly hosted by the UK and Italy in November.
What you can look forward to in every Green issue: - the latest Chambers and government updates on public policies, relevant reports and upcoming events on the green agenda;
- leading-edge perspectives on climate action and sustainable business under the "Members' Green Outlook" section, shared by BMCC members that are trend setters and active advocates in the green space;
- Q&As with captains of industries among BMCC member companies in the "Leadership in Action: Inspiring Solutions" section, bringing you insights on the green journeys of leading organisations and their climate action targets ─ Dato’ Mohammad Faiz Azmi, Executive Chairman of PwC Malaysia graces our inaugural issue with his thoughts on why and how the green agenda is important to the firm.
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The Time is Now: Race To Zero
Headlining our inaugural issue is the The Time is Now: Race To Zero webinar, the first in the series of several engagement initiatives by the BMCC presented in collaboration with the British High Commission to support the R2Z in the run-up to CoP26.
Date: Thursday, 25 March 2021 Time: 4.00pm - 5.45pm (MY Time)
Register here to join prominent business leaders and experts in an inspiring discussion that none of us can afford to be left out of ─ the race against time to safeguard our planet through a zero-carbon future where sustainable growth and the wellbeing of all species are a reality.
More coming your way this March
With events lined up back to back, March is looking to be a busy Green month indeed! Here's a heads-up on the other green-themed webinars from the BMCC and the British High Commission to look out for:
- Energy Outlook (Wednesday, 10 March 2021) ─ Key players and policymakers in Malaysia discuss their net-zero ambitions and developments, as well as the drivers and challenges in guiding the national policy-making on deployment of clean energy transition.
- Renewable Energy Opportunities (Friday, 19 March 2021) ─ A webinar session designed for UK clean energy players to learn about the opportunities and challenges of the renewable energy sector in Malaysia. Participants will have the opportunity to interact directly with policymaker and experts to deepen their understanding on the renewable energy landscape in Malaysia.
- Green Investment (Wednesday, 31 March 2021) ─ A virtual panel discussion that will bring together UK green investment experts, UK project owners and Malaysian asset owners to share knowledge and experience on the profitability of green investment. Malaysian asset owners will also learn about investment opportunities in the UK with ESG elements.
Save the dates, and follow our weekly e-newsletter for more information!
If you have any enquiries on this issue of our e-newsletter, or would like to contribute content on climate action or sustainable finance, please email comms@bmcc.org.my. |
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BMCC Webinar | Energy Outlook 2021
The accelerating focus on renewable energy has driven the industry to intensify efforts towards sustainable energy sources to reduce dependency on fossil fuels.
As more countries aspire to embed the United Nations Sustainable Development Goals (SDGs), this forum led by the BMCC Energy Committee will bring together key players and policymakers to share and discuss their net-zero ambitions and developments, as well as the drivers and challenges in guiding the national policy-making on deployment of clean energy transition in this diverse and crucial sector.
Date: Wednesday, 10 March 2021 Time: 4.00pm - 5.30pm (MY Time)
Register here. Speaker details to follow soon. |
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UK-ASEAN Energy Efficiency Accelerator Webinar | Saving Energy and Costs: Taking Action in Malaysia’s F&B Sector
Delivered by the UK-ASEAN Energy Efficiency Accelerator, a technical assistance programme funded by the UK Government’s Prosperity Fund ASEAN Low Carbon Energy Programme (LCEP), this webinar offers insights on the state of energy consumption by the F&B sector in Malaysia, and focuses on how companies can maintain and improve upon current energy management practices, and best practice measures that can be adopted to stay ahead of potential policy changes. The event is most suitable for energy managers and decision makers and those involved in sustainability initiatives from companies of all sizes in the F&B or the wider industrial sector.
Date: Wednesday, 24 February 2021 Time: 3.00pm - 4.00pm (MY Time)
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BritCham Singapore Webinar | Carbon Capture, Utilisation & Storage (CCUS) ─ An Imperative for Asia
This webinar is focused purely on CCUS, a high growth, high potential and scaleable industry which has yet to make inroads within the South East Asia region. Yet, there is an urgent need to make rapid progress given the need for economies in the region to decarbonise and make good on their individual commitments to the Paris Agreement.
The event will focus on three key areas required to kickstart CCUS development in South East Asia: Technology, Cost and Regulatory framework.
Date: Tuesday, 2 March 2021 Time: 4.00pm - 5.30pm (MY/SG Time)
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Take 5 | Q&A with Dato’ Mohammad Faiz Azmi, Executive Chairman of PwC Malaysia Having championed the sustainability agenda in Malaysia since 2007,PwC believes their greatest potential for influence is to impact the environment positively through their work with clients, which is driven primarily by their Sustainability and Climate Change and Sustainability Assurance teams, and to walk the talk in their own business operations.
In our inaugural Green issue of the BMCC e-newsletter, we sit down with Dato’ Mohammad Faiz Azmi, Executive Chairman, PwC Malaysia, for a brief interview on the significance of the green agenda to PwC.
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Deloitte | Malaysia in Accelerating Goal 13 Climate Action
Our Earth’s climate is changing, with severe consequences on our lives as individuals and the resilience of our countries. Climate inaction disrupts national economies and causes rising sea levels, loss of natural habitats, and extreme weather events. Greenhouse gas emissions from human activities driving this change also continue to rise.
The Goal 13 Impact Platform partnership aims to accelerate progress in the climate transition, to reduce emissions and enhance resilience. We aim to do this by publishing company insights, inspiring further climate commitments and action, and facilitating collaboration. Participants and partners have undertaken research with c.100 companies to date, with respondents including strategy, sustainability, finance, and procurement leaders, executives, and board directors. Interviews have captured company-specific insights into climate commitments, the organisation of climate programmes, the most impactful initiatives, their climate and commercial impact, barriers to progress and lessons learned.
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EY | Climate Risk Disclosure Barometer 2020 Malaysia: Setting Resilient Strategies According to the inaugural EY Climate Risk Disclosure Barometer (CRDB) 2020 Malaysia, Malaysia’s top 100 public-listed companies (PLCs) lack comprehensive climate risk disclosures, scoring only 34% for coverage of climate change-related risks and 12% for quality of the disclosures. The scores were higher for coverage of metrics and targets at 45%, followed by risk management at 41%. Coverage of governance and strategy was lower at 22% and 24% respectively. The findings were based on the analyses of reporting disclosures by the PLCs, benchmarked against the global Taskforce on Climate-related Financial Disclosures (TCFD) recommendations in four areas, namely, governance, strategy, risk management, and metrics and targets. The COVID-19 pandemic has reinforced and accelerated the need for governments and businesses to re-prioritise their management of the environmental, social and governance (ESG) issues that have the potential to inflict damage to economies, and to drive a more balanced policy approach towards inclusive and long-term sustainable growth. |
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HSBC | HSBC is committed to a sustainable future
HSBC is dedicating between $750bn and $1trn to help its customers and their partners thrive in a low carbon economy.
In Malaysia, HSBC Amanah is the first Islamic international bank to link a charity feature with its recycled plastic credit cards. For every charitable donation made by cardholders on their HSBC Amanah Credit Cards, HSBC will donate 1% of the charity spend to selected local charities/ non-profit organisations. Find out more here.
Since 2010, HSBC has been in partnership with Global Environment Centre (GEC) and Selangor State Forestry Department to restore and promote sustainable management of the peatlands in North Selangor Forest to sustain local livelihoods, reduce risk of fire and associated haze. Read more here.
Social focus is an increasing trend in Malaysia with the latest HSBC’s Navigator report indicating that at least 2/3 Malaysian companies have set a wide range of Environmental, Social and Governance (ESG) targets. To read the HSBC Navigator report, please click here (refer to page 8 on sustainability). |
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PwC | Rethinking ESG in a Post COVID-19 World The risk of climate change and diminished social prosperity, exacerbated by the COVID-19 pandemic, are prompting investors, governments and businesses to rethink their Environmental, Social and Governance (ESG) commitments. This publication by PwC Malaysia identifies several factors driving the call for sustainability and why businesses have to take action. It shares the key catalysts driving the growth of ESG, which businesses need to take heed of as they recover and refocus their priorities post-pandemic. It calls for concerted effort from businesses, the government and the public to invest in improving their environmental and social practices.
Read the publication here. |
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Standard Chartered | Progress Doesn’t Have to Cost Our Planet
At Standard Chartered, we believe in a future where nature and commerce can co-exist. Which is why we’ve committed USD75 billion to funding sustainable projects in parts of the world that need it most. From financing innovations that build sustainable cities to powering millions of people through clean energy – find out all the ways we’re using money as a force for good here. |
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ZICO Law | Reimagining the New Corporate: ESG Integration for Value Creation
“Who Cares Wins”, UN Global Compact’s report 15 years ago, launched the Principles of Responsible Investing and set the foundation for environmental, social and governance (ESG) investing. In the wake of an ongoing global pandemic, climate change issues, data breach scandals, and modern slavery concerns, ESG issues are now in sharper focus. Read the full article here and watch the webinar here.
ZICO Law’s series of ESG webinars are also available below: Integrating green initiatives into businesses is important in ensuring sustainability and creating value for companies. The “Green Publication 1.0 | Powering ASEAN Sustainably & Combating Climate Change” provides our perspective on tackling climate issues, promotion of renewable energy generation and energy efficiency as well as the growing opportunities for green financing in ASEAN. Read the Green Publication 1.0 here. |
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HM Treasury Report | The Economics of Biodiversity: The Dasgupta Review
The Dasgupta Review is an independent, global review on the Economics of Biodiversity led by Professor Sir Partha Dasgupta (Frank Ramsey Professor Emeritus, University of Cambridge). The Review was commissioned in 2019 by HM Treasury, the UK government's economic and finance ministry, and has been supported by an Advisory Panel drawn from public policy, science, economics, finance and business.
The Review calls for changes in how we think, act and measure economic success to protect and enhance our prosperity and the natural world. Grounded in a deep understanding of ecosystem processes and how they are affected by economic activity, the new framework presented by the Review sets out how we should account for Nature in economics and decision-making.
Download the full report and abridged version here. |
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Industry Strategy Council Sectoral Report | Developing Greener Supply Chains
Delivering net-zero emissions will require a significant economic transition and increased focus of both government and businesses. Reducing supply chain emissions will be critical.
This insight paper aims to evaluate the role of industrial polices in delivering a productivity-enhancing, inclusive, transition to net-zero. It will also help to inform policy for a green recovery.
The Industry Strategy Council is established by the Department for Business, Energy and Industrial Strategy (BEIS), UK to develop measures of success for, and assess the progress of, the UK government’s Industrial Strategy.
Watch the Developing Greener Supply Chains animation here.
Download the report here. |
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(Bloomberg/Singapore Business Times) |
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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 2021 |
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