Issue #254 - 31 May 2021 Dear Subscriber, |
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Digitalisation in Sustainability
In the countdown to net zero, many countries are using interactive models, known as "Calculators", to set targets for carbon reduction and to communicate challenges and possible solutions to stakeholders in government, business and society.
Mott MacDonald has been supporting the UK government’s 2050 Calculator to enable country governments, including Malaysia and other ASEAN countries, to build their own version of the UK’s energy and emissions model. This digital tool allows users to trial different options for reducing emissions at a faster rate and to build a pathway that meets long-term emission targets to 2050.
In the Mott MacDonald website, the 2050 Calculator is explained as an interactive energy model that can be used by anyone to create emissions reduction pathways and see the impact of different choices as well as trade-offs, helping them understand how to decarbonise a region or country. By choosing the "levels of ambition" for decarbonising different parts of the energy system, the Calculator shows how different choices affect the country emissions.
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The Role of Businesses in Ensuring Climate Action
Caused by human emissions of greenhouse gases associated with electricity and heat production, industry, buildings, transport, and land use, climate change disrupts ecosystems and human livelihoods as resources, food, and water become more scarce.
The 2015 Paris Agreement on Climate Change, an international treaty adopted by the vast majority of countries in the world, brings all nations together with a common cause to undertake ambitious efforts to combat climate change and adapt to its effects. Businesses play a vital role in significantly reducing the risks and impacts of climate change by holding the increase of the global average temperature to well below 2 degrees Celsius above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5 degrees Celsius above pre-industrial levels. Businesses also have an instrumental role in anticipation, building resilience, and adaptation to the current and expected impacts of climate change.
Together with Governments, businesses must act urgently and decisively to fundamentally change the greenhouse gas emissions associated with their products and processes in order to achieve global net zero emissions by the second half of the century.
There is emerging consensus that stanching the growth of greenhouse-gas emissions is central to post-pandemic global economic recovery. By taking climate action through net-zero commitments, Malaysian business leaders now have an opportunity to advance climate ambition within their organisations, and to ensure the country remains a competitive trading partner.
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IGEM 2021: Calling for Interest from UK Exporters to Showcase UK Products and Solutions in Green Technology! (1 July - 31 December 2021) The BMCC is pleased to support the upcoming largest trade showcase in Southeast Asia for green technologies and eco-solutions over the past decade, the 12th International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2021). Calling all UK companies to join us in showcasing the best of British innovations under one UK virtual pavilion.
Register your interest here.
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BritCham Indonesia Event | "FUSION Cities 3: Indonesia" Virtual Event
The FUSION events were initiated in 2019 as part of a three-year commitment made by the City of London Corporation to form an influential network of people, organisations and "places" where there is a clear link between education, business and the cultural and creative sector to develop and enhance skills for the future within an ethical context of social mobility and sustainability.
BritCham Indonesia and Indonesia Creative Cities Network (ICCN) are proud to bring together a panel of experts to discuss how FUSION Skills are essential for building a sustainable creative city, in harmony between nature and technology.
You are invited to this free event to witness the implementation of immersive digital mapping technology in the TAHURA Djuanda forest, West Java, to revisit the natural environment that has been supporting our livelihood. This “Glowing Forest” (HutanMenyala) is presented by SembilanMatahari, a Bandung-based award-winning creative company.
Date: Monday, 7 June 2021 Time: 2.00pm -3.00pm (JKT)/ 8.00am-9.00am (UKT) Platform: Zoom Meeting
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BritCham Singapore Webinar | Future Cities: Food Resilience through Climate Change
COVID-19 threatens global food security and the supply chain whilst the threat of hunger and food insecurity remains relevant all around the world.
Meanwhile, climate change will result in more frequent episodes of extreme weather conditions and cause further disruption to our access to essential food sources. As relying on market mechanisms and international trade doesn't seem to work as well during a global pandemic, governments and private sector suppliers will need to invest in a stronger domestic food infrastructure.
Join us as we discuss the unprecedented opportunity to lead the next wave of innovation in the development of a sustainable food supply of the future, which is linked to achieving the 17 UN SDGs as well.
Date: Thursday, 17 June 2021 Time: 4.00pm - 5.00pm (SGT/MYT)
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City Week 2021: Financing a Sustainable Global Recovery
Now in its 11th year, City Week is the premier gathering of the international financial services community. It brings together industry leaders and policy makers from around the globe to consider together the future of global financial markets and London in particular.
Organised in partnership with the UK Government, the City of London Corporation, TheCityUK and UK Finance, City Week 2021 will be held virtually from 21 to 23 June 2021. This year’s edition will have climate change and climate finance at the heart of the programme, reflecting the fact that the UK government will be hosting COP26 in November. Other key themes include the latest developments in international financial markets and financial regulation, culture and governance issues, financial technology and the impact of geopolitical developments on the financial services industry. Internationally based delegates of suitable seniority can attend the event free of charge upon successful application. To apply for your place, please email cityweekuk@cityandfinancial.com. |
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Take 5 | Q&A with Stuart Milne, Chief Executive Officer, HSBC Bank Malaysia Berhad
HSBC's presence in Malaysia dates back to 1884 when the Hongkong and Shanghai Banking Corporation Limited established its first office in the country, on the island of Penang, with permission to issue currency notes. HSBC Bank Malaysia Berhad today employs about 4,000 people in Malaysia and has a network of more than 60 branches nationwide.
Recognising that our planet urgently needs drastic and lasting action to protect our communities, businesses and natural environment from the damaging effects of climate change, HSBC is committed to the transition to a global net zero economy, not just by playing their part, but by helping to lead it. Stuart Milne, Chief Executive Officer of HSBC Bank Malaysia Berhad explains how they are doing this across the bank – in their operations and supply chain – and by supporting their customers in their own transitions.
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HSBC | HSBC Advises Government of Malaysia on World’s First Sovereign U.S. Dollar Sustainability Sukuk
HSBC acted as the joint lead manager and joint bookrunner on the Government of Malaysia’s US$800 million 10-year Sustainability Sukuk and US$500 million 30-year Sukuk, and HSBC Amanah Malaysia acted as the joint sustainable development goals (SDG) structuring agent on the 10-year tranche which represents the world’s first sovereign US Dollar Sustainability Sukuk.
The country’s maiden Sustainability Sukuk was issued by the Government of Malaysia based on its recently established SDG Sukuk Framework. The transaction represents the country’s continued commitment towards sustainable long-term growth.
“We are honoured to play a key role in the world’s first sovereign US Dollar Sustainability Sukuk. HSBC’s collaboration with the Government of Malaysia is a reflection of our commitment to support the country in financing, managing and shaping the transition to a sustainable future while further developing Malaysia as a global hub for Islamic finance”, said Stuart Milne, CEO, HSBC Malaysia.
Find out more about this here. |
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IPSOS | Earth Day 2021: Public Opinion and Action on Climate Change
In conjunction with Earth Day 2021, Ipsos released their latest global study on climate change. The study, which was conducted online among adults across 30 markets between February 19 and March 5, 2021, shows that a Global Market Average of only 31% agree their government has a clear plan in place for how government, businesses and people themselves are going to work together to tackle climate change. A third, 34%, disagree. Access the report here. |
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IPSOS | Perils of Perception: Climate Change Around the world people say they understand what actions they need to take to combat climate change, but do they really? The latest Perils of Perception study by Ipsos looks at how the general public in 30 markets around the world perceive environmental action. We ask them what they might do in their own lives to tackle climate change, and compare the answers to the (sometimes confusing) scientific truth. Check out the findings here. |
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UK Secures Historic G7 Commitments to Tackle Climate Change and Halt Biodiversity Loss by 2030
On 21 May, the Climate and Environment Ministers of the G7 made several historic climate change commitments, including signing up to protect 30% of land and oceans by 2030 under the global "30x30" initiative to bend the curve of biodiversity loss.
Holding the presidency of the G7 this year, the UK led the meeting at which G7 members also committed to phase out new direct government support for international fossil fuels. The meeting was a precursor to the G7 leaders’ summit in June and COP26 in November.
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