BMCC Newsletter Issue #372 - 25 September 2023
Dear Subscriber, |
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ASEAN Cross-Border ESG Collaboration Unlocked! Malaysia, Indonesia, and Thailand's Stock Exchanges Signed MoU To Spur ESG |
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Malaysia's stock exchange Bursa Malaysia Bhd signed a memorandum of understanding (MoU) with the Indonesia Stock Exchange (IDX), and the Stock Exchange of Thailand (SET) to establish an inter-regional Environmental, Social, and Governance (ESG) ecosystem to promote sustainability within the ASEAN region. |
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"Through this collaboration, our objective is to enhance cross-border cooperation and seize opportunities to align ESG standards and infrastructure that promote sustainable business practices within ASEAN. This MoU lays the groundwork for similar partnerships with other interested exchanges in Asia and sets a solid foundation for engaging partners from the Global North as well."
Datuk Muhamad Umar Swift CEO of Bursa Malaysia |
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The collaboration aims to: - Spur the adoption of ESG practices and drive responsible growth in their respective markets.
- Offer cross-border ESG investment opportunities.
- Identify critical components of ESG infrastructure for decarbonisation and sustainability across supply chains.
- Create a "sandbox" environment for trade and create new business opportunities for corporations and their supply chains, including SMEs.
- Enhance ESG expertise through workshops, training sessions, and knowledge-sharing programmes.
We applaud this cross-border partnership between Bursa Malaysia, IDX, and SET, and we look forward to what this partnership blooms and are ever ready to contribute to the growth of sustainable practices and partnerships in the region. Together, let us foster a brighter, more sustainable future for all. |
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Join Our Sustainability Network
BMCC members who are passionate about making a difference in sustainability sectors are encouraged to join our Sustainability Network. By being part of this group, you can actively contribute to discussions, initiatives, and collaborations that drive positive change.
For more information and to express your interest, please reach out to Yoong@bmcc.org.my. |
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| Join Our Forum on Developing Sustainability-Driven Leaders in London on 4 October at 3.00pm - 5.00 pm |
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BMCC together with the British Malaysian Society will be hosting a forum on 'Developing Sustainability -Driven Leaders'.
Join us in London for an insightful discussion on sustainability in the public sector, sharing experiences, and exploring the collaborative efforts between the public and private sectors.
4 October 2023 3.00 pm - 5.30 pm ACCA @ The Adelphi 1-11 John Adam Street, London |
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Meet our distinguished speakers: - The Lord Leong CBE - CEO of Civil Service College, Shadow Minister for Business & Trade, and Opposition Whip.
- Mei Sim Lai OBE DL - Chair of The British Malaysian Society.
- Lloyd Powell - Head of ACCA Cymru/Wales.
- David Stringer-Lamarre - MD of Fortis Consulting London Ltd and Chair of BMS International Trade Group.
- Professor Kanes Rajah - ED of Centre for Executive and Professional Development, Chair of BMS Education Group.
- Dr. Yusrizam Sharifuddin - Principal Assistant Director at the National Nanotechnology Centre, Ministry of Science, Technology & Innovation of Malaysia.
Discover the path to sustainable leadership in the public sector and witness insightful discussions on collaboration between the public and private sectors. Let's shape a more sustainable future together!
Don't miss out on this opportunity to engage with influential leaders and experts.
Click here to register or to know more about the forum. |
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| Sarawak Energy Commits to Low Carbon and Advances on Exploring Hydrogen |
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Sarawak is fast-tracking its move to a low-carbon economy by embracing hydrogen energy across various sectors, including healthcare and transportation, aligning with the United Nations Sustainable Development Goals (UNSDGs) via its sustainable Sarawak blueprint, as stated by Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg. |
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Sarawak is actively promoting green mobility through electric buses, the Autonomous Rail Transit (ART) project, and EV charging stations in Kuching. Premier Abang Johari at SAREF 3.0, stressed Sarawak's commitment to carbon capture and environmental sustainability, citing legislation alignment and collaborations like the Chitose Carbon Capture Central Sarawak. |
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Sarawak has committed to no new coal power plants, with the 600MW Balingian plant commissioned in 2021, being the last. The focus now is on renewable energy, especially hydropower, with a fourth project in Baleh under construction.
Sarawak's electricity sector targets for the next decade include: - Maintaining at least 60% renewable energy capacity by 2030.
- Reducing carbon emissions by 600,000 tonnes annually by electrifying the mobility fleet by 2030.
- Achieving over 15% income from foreign markets, including power exports.
Additionally, the state plans to launch its first floating solar farm at the Batang Ai hydroelectric plant in 2024. |
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| Malaysia Airlines | Stepping Toward Sustainability with First eGPU |
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The Malaysia Aviation Group has introduced the country's first Electric Ground Power Unit (eGPU) as part of their Electronic Ground Support Equipment (eGSE) initiative. |
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This sustainable eGPU replaces traditional non-diesel-powered units and aims to make the Malaysian aviation industry more eco-friendly by providing electricity to aircraft while on the ground without using fossil fuels.
The eGPU reduces 50,000kgs of CO2 emissions and minimises noise compared to diesel GPUs. The eGSE infrastructure will first be developed at Sultan Abdul Aziz Shah Airport (Subang Airport) before expanding to KLIA, marking a significant step toward sustainability in aviation.
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| International SOS | Asia Education Duty of Care Conference 2023 |
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Brought to you by the International SOS Foundation, they are excited to announce an exciting line-up of sessions and speakers for the Asia Duty of Care Conference (AEDOC), happening on 11 October 2023.
Held in Kuala Lumpur, the conference aims to provide practical takeaways and insightful discussions for the education sector surrounding this year's theme: Knowledge · Resilience · Sustainability. |
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| OPITO | Free Seats To OPITO GLOBAL 2023: Our New Energy Era |
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Let your connections know that you're attending #OPITOGlobal23!
Against the backdrop of the rapidly evolving energy industry, ‘OPITO Global 2023: Our New Energy Era’ will delve into what it takes to create a safe and sustainable future for our industry.
If you haven't already, register now to secure your free space: |
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| YTL | Starting with the End in Mind for Sustainable Construction |
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According to the Head of Sustainability at YTL Cement, Clarisse Loh, the journey to sustainable construction should begin with the end in mind. This allows for holistic solutions to eventually lead to the achievement of the goal.
YTL is the first to offer the construction industry a more sustainable alternative with the introduction of their ECO Product Range: ECOCem, ECOConcrete, ECODrymix and ECOSand. These products have lower embodied carbon than conventional products, while still able to deliver the same, if not better, performance.
To learn more about YTL's ECO Product Range and their commitment to sustainability, click here. |
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| Gamuda Land | Partnership with ENGIE for Sustainable Township Development |
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We welcome our latest member, property developer Gamuda Land, and celebrate their recent partnership with ENGIE, a global organisation in the low-carbon energy and services industry.
This partnership aims to develop sustainable townships with solar-powered rooftops and green transportation by 2024. |
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Under the partnership, ENGIE Services Malaysia and Gamuda Land will collaborate on the exploration and implementation of solar technologies, energy efficiency, and sustainable transportation solutions in Gamuda Land’s townships. This includes the development of rooftop solar installations and green transportation infrastructure for the townships of Gamuda Cove in Kuala Langat, Gamuda Gardens in Rawang, and twentyfive7 in Kota Kemuning, all in Selangor, by 2024.
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| Knight Frank Malaysia | The Age of ESG: Futureproofing Corporate Real Estate with Sustainability |
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The second whitepaper of Knight Frank Malaysia in this ‘The Age of ESG’ series aims to provide insights into the current state of ESG integration in the corporate real estate market, drawing responses from corporate occupiers, landlords, and investors in the office sector. Or get in touch with their Research & Consultancy team: |
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| Kuala Lumpur Convention Centre joins Sustainability Programme |
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The Kuala Lumpur Convention Centre (the Centre) has joined the Green Electricity Tariff (GET), a programme launched by the Malaysian Government and Tenaga Nasional Berhad (TNB) – the nation’s largest electricity utility company. |
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The Centre is the first business event venue in Malaysia to be approved for the programme. It will supply the Centre with renewable electricity in its bit to become net-zero by 2030.
The GET Programme was created to lower Malaysia’s carbon footprint in electricity consumption. Through this initiative, the Centre can power its facilities and events with renewable energy resources, sourced from solar power plants under Malaysia’s Large-Scale Solar (LSS) Programme and TNB’s hydropower and renewable energy plants.
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| Sri KDU | Tree Planting Trip in Taman Shah Alam |
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Sri KDU Secondary 4 and 5 students just had an unforgettable tree-planting adventure in Taman Shah Alam!
During this field trip, they planted trees, and gained knowledge on tree-planting techniques and care, while embracing a strong sense of responsibility and environmental stewardship.
Let's applaud these young environmental champions for their dedication and commitment! |
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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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