15th Green Edition Newsletter #312 - 25 July 2022
Dear Subscriber, |
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Malaysia Climate Action Week is back this September!
Mark these dates - 26 to 30 September 2022 - in your calendar as you do not want to miss out on the Malaysia Climate Action Week brought to you by the British Malaysian Chamber of Commerce (BMCC)! Riding on the success of our first event in 2021, this year's Malaysia Climate Action Week themed "A.C.T. Now! Adapt, Collaborate and Transcend" aims to inspire more members to take action and work together in overcoming the impacts of climate change by getting involved in more hands-on experiences.
This year, BMCC has lined up an interesting series of events and activities throughout the five-day programme to expand the reach to as many people as possible. Besides having the corporates participating in the conference, roundtable discussion and sustainability workshop which will be held, there is also a Green competition targeting students, as well as film screening-cum fundraising, eco-site visit, nocturnal forest walk and tree planting activities that the public can participate in.
The inaugural Malaysia Climate Action Week, held from 25 to 29 October 2021, themed "Race to Zero: Keeping Up the Momentum", with 5 days of incisive discussions over 6 webinars attracted close to 900 registrations and offered valuable insights from an impressive line-up of 36 experts and corporate leaders. The BMCC Climate Action Pledge was also launched with 29 organisations who have signed up to either take initial steps on climate action or to support other organisations through their knowledge and solutions. This year, we hope more organisations will come on board and sign the Pledge, as well as to inspire existing Pledge signatories to further their climate commitments.
Remember to save the dates! Keep updated with the Chamber for more information on the Malaysia Climate Action Week in the lead up to September.
We also look forward to having BMCC members to come on board as our Climate Action Partners and be a part of this exciting event to create a positive impact by businesses across industries and participation from the wider society.
Find out more about the 2021 Malaysia Climate Action Week here. |
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Melaka Green Transport Masterplan Launched under UK Future Cities Programme Collaboration |
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The state government of Melaka has launched its Melaka Green Transport Masterplan with a pilot project implementing a Green Bus Network and Heritage Area Integrated Mobility Plan.
The programme resulted from a collaboration between the UK Future Cities Programme, Perbadanan Teknologi Hijau Melaka and Unit Perancang Ekonomi Negeri Melaka. This is in tandem with Melaka’s mission for a sustainable and integrated transport system, alongside its aims to reduce carbon emissions, strengthen social inclusion and drive inclusive economic growth. It will also act as a catalyst for the public to use public transport systems more frequently. |
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MDEC and UNGCMYB Sign MoU on Sustainability |
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Malaysia Digital Economy Corporation (MDEC) has signed a Memorandum of Understanding (MoU) with UN Global Compact Network Malaysia & Brunei (UNGCMYB) to address issues surrounding sustainability. Both parties have pledged to continue working towards achieving shared common objectives in addressing the climate crisis.
The aim of the collaboration marks MDEC and UNGCMYB’s efforts to educate digital businesses and assist them in integrating sustainability into their core operations. The MoU builds on existing cooperation between both organisations, namely the Malaysia Businesses Sustainability Pulse Report 2022 with MDEC as a partner, launched mid-July this year. The report was released to examine the readiness of Malaysian businesses in adopting, measuring and managing sustainability within their respective organisations. |
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UK and Malaysia Partner to Tackle Climate Change and Loss of Nature |
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H.E. Charles Hay MVO, British High Commissioner to Malaysia has partnered with a team of officials in Malaysia to help save threatened wildlife such as tigers and monkeys, halt deforestation and encourage switching to renewable energies. The collaboration was in tandem with the UK’s pledge to support South-East Asian countries at the COP26 summit in Glasgow last year.
The UK’s £110 million ASEAN Catalytic Green Finance Facility will help finance new sustainable infrastructure projects and the £274 million fund, under the UK Climate Action for a Resilient Asia (CARA) programme, will strengthen climate change adaptation across the Indo-Pacific.
“This is really important to establish a kind of baseline for future carbon trading, ” Hay said, adding that “... our governments are clear that we must build on COP26 in Glasgow to tackle climate and biodiversity issues.”
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Malaysia Airlines | Stepping Up ESG Adoption |
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Malaysia Airlines Berhad is increasing its adoption of environmental, social and governance (ESG) because investors are emphasising more on ESG matters, which is part of their analysis of risks and opportunities in various companies in different industries. Parent company, Malaysia Aviation Group (MAG), said the group’s suppliers must complete the supplier profile questionnaire upon registration.
“Currently, ESG requirements for all suppliers serve to create an awareness and form a tool to educate our partners on the importance of adhering to ESG guidelines. This is an on-going procedure under our MAG procurement policy for all new and existing suppliers," said MAG. |
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HSBC Amanah | Offers New Green Financing to Ikano Centres |
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HSBC Amanah will provide Ikano Centres a new line of sustainable financing in Malaysia. The green facility will assist Ikano Centres to sustainably develop its regional retail hub in Johor comprising Toppen Shopping Centre and IKEA Tebrau. The proceeds from the refinancing facility will contribute to on-going projects by Ikano Centres in accelerating its sustainability progress.
“HSBC’s partnership with Ikano Centres on this new green financing facility in Malaysia, is continued demonstration of the bank’s commitment to support the transition to a low carbon economy. Through the adoption of a sustainable business approach, we believe that Ikano Centres will create long-term value for itself and in society at large," said Christina Cheah, Head of Global Banking of HSBC Malaysia. |
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Embracing ESG helps businesses face uncertainties - The Malaysian Reserve |
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Preventing an ESG washout - The Star |
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SC to release SRI Taxonomy framework by the end of the year - The Sun |
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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 2022 |
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