BMCC Newsletter Issue #381 - Green Edition #29 (27 November 2023) |
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ESG: Unveiling the Crucial Role of Governance |
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Dear Subscriber,
We are finally at the last leg of ESG Horizons, our month-long initiative that redefines corporate responsibility and champions sustainable leadership — seamlessly bridging the climate action gap and exploring the wider spectrum of Environmental, Social, and Governance (ESG) factors. |
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This week, as we 'Reflect, Restrategise, and Reinforce' our efforts on ESG, we were reminded by our member, ABAC Center of Excellence of the crucial importance of Governance, the frequently neglected aspect of ESG.
What we need to know: Governance plays a significant impact on corporate decision-making and risk management, garnering attention and advocacy by lawmakers, business organisations, and non-governmental organisations (NGOs) in Malaysia and globally. |
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Governance Governance focuses on how organisations are managed, directed, and controlled. It encompasses the framework, policies, and practices that guide decision-making processes and ensure accountability to shareholders and stakeholders. ESG factors play a vital role in evaluating an organisation's commitment to ethical conduct, transparency, and risk management.
Unlocking Insights with ESG Metrics ESG metrics serve as a powerful lens, offering invaluable insights into an organisation's governance landscape. From assessing board effectiveness and executive compensation to scrutinising shareholder rights and corporate culture, ESG metrics paint a comprehensive picture. By embracing ESG principles, organisations can fortify their foundations for long-term value creation, effective risk management, and meaningful stakeholder engagement.
It is a valuable tool in assessing an organisation’s commitment to sustainability and responsible business practices. In governance, they quantify leadership structures, board independence, risk management, and legal compliance. Integrating ESG metrics in Malaysia allows organisations to monitor performance, benchmark against peers, identify improvement areas, and enhance governance practices.
Towards Responsible Business Practices Investors and stakeholders are increasingly recognising the importance of ESG performance when making investment decisions. ESG metrics offer a holistic perspective on an organisation's risks and opportunities, surpassing traditional financial indicators. This consideration enables stakeholders to make informed decisions aligned with their values, supporting sustainable and responsible businesses in Malaysia. Integrating ESG into governance also enhances long-term value creation, risk management, and stakeholder engagement.
Together with our member ABAC™, we are actively working towards reshaping the business landscape with integrity and sustainable growth. Through this thought leadership, we hope to inspire a new wave of responsible practices that will not only meet today's standards but also set the stage for a resilient and sustainable future.
Together, let's continue to embrace ESG principles, elevate governance standards, and contribute to a business landscape that thrives on integrity and sustainable growth. |
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| Briefing on ESG Government Incentives |
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We've partnered with PwC for an upcoming briefing on the Malaysian Government's ESG-related tax and non-tax incentives as announced under Budget 2024. For any business, this is a great opportunity to learn how to apply these incentives to save costs and streamline operations while complying with ESG initiatives.
Date: 29 November Time: 10:00 am - 11:00 am |
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The speaker, Richard Baker, is a certified Green Building Index Facilitator with deep knowledge and expertise on sustainability in the built environment. He is a Chartered Quantity Surveyor with 6 years of experience in the construction industry, who now works in Tax to assist clients in identifying construction and fitout expenditure for capital allowances.
Take this opportunity to grow your business and make a better tomorrow!
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| MIDA | Accelerating Malaysia's Industry Commitment Towards Sustainability Goals |
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MIDA is hosting a forum to provide clarity on the importance of advanced technology as an enabler towards ESG practices, and monitoring through the adoption of IOT, AI, and data analytics to measure GHG emissions.
Date: 28 November 2023 Time: 8:30 am - 5:00 pm Venue: Connexion Conference & Event Centre @ The Vertical Bangsar South, Kuala Lumpur
Join their esteemed panel of experts, Mr. Faroze Nadar, Prof. Dr. Ong Kian Ming, and Mr. Asfaazam Kasbani in a fireside chat moderated by Ms. Nadia S Hassan to understand the dimensions of sustainability development, followed by three panel presentation sessions.
Register now here while seats are still available! |
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| BSI | Global Built Environment Conference 2023 |
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Get your annual fix of insights, information and initiatives at our Global Build Environment Conference running over four webinar sessions on 6 & 7 December 2023.
This year’s focus is on sustainable construction; AI and SMEs; quality and products; and health, safety and well-being.
6 December 2023 Session 1: Sustaining sustainable construction Time: 6:00 pm - 7:30 pm
Session 2: Artificial intelligence for small business webinar Time: 10:00 pm - 12:30 am
7 December 2023 Session 3: Construction products regulation and reform webinar Time: 6:00 pm - 7:30 pm
Session 4: Health, safety and well-being webinar - building safety and regulations Time: 10:00 pm - 12:45 am
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Our ESG efforts don't just stop here! If your organisation has any updates or events you would like to share or collaborate on with us, let us know!
Please reach out to Comms@bmcc.org.my to share your story and potential partnership opportunities! |
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| CEO Spotlight | Meet Gary Dass, CEO of Tex Cycle |
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This week, we share with you our interview with Gary Dass, Chief Executive Officer, Tex Cycle (P2) Sdn Bhd.
Tex Cycle Technology (M) Berhad, commonly known as Tex Cycle, has a significant history, spanning over 39 years, during which it has primarily been involved in environmentally friendly industrial/scheduled waste management. |
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Tex Cycle provides professional waste management services, catering to the needs of various industries in compliance with the Environmental Quality Act. In addition to its waste management business, Tex Cycle has expanded its operations globally into the Renewable Energy (RE) sector. The company has established and operates several entities under its group that are involved in renewable energy projects. These projects focus on generating power or value-added products from various sources, including solid waste, recovered waste, solar energy, biomass, and biogas with a total of approximately 19MWh of RE Projects being secured in Malaysia.
To read more about our interview with Tex Cycle, click here! |
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| BMCC CEO Insights Series | Local Roots, Global Vision: A CEO's Path in International Banking with Dato' Omar Siddiq |
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Join us for an exclusive fireside chat featuring Dato' Omar Siddiq, a distinguished leader in the financial and corporate landscape. This is a great opportunity for UK Alumni to explore new avenues for professional growth and immerse themselves in a wealth of inspirational insights
Date: 4 December Time: 2:30 pm - 4:30 pm Venue: Majestic 1, Level 3, The Majestic Hotel Kuala Lumpur
Dato' Omar is currently CEO of HSBC Malaysia, Non-Independent Executive Director at HSBC Amanah Malaysia, and Board Member of the British Malaysian Chamber of Commerce. |
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An alumnus of the London School of Economics and Political Science, with a Bachelor of Science degree in Economics, he has played key roles in facilitating the success of notable organisations including CIMB Group Holdings Bhd, RHB Bank Bhd, Malaysia Airlines Bhd, and Khazanah Nasional Bhd.
Sign up as a member of Alumni UK to access more exclusive events here. |
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| Hurry and Sign-up Now! A BMCC 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.
This is the perfect occasion to make lasting connections with our Chairman Mark Arthun, fellow BMCC Board Members, and our Guest of Honour, H.E. Ailsa Terry CMG, The British High Commissioner to Malaysia.
As you mingle, take the time to enjoy the never-ending flow of drinks and savour the delightful Christmas buffet spread.
In this season of giving, our Sterling Members get a complimentary ticket! So hurry and sign up now!
Date: 8 December 2023 Time: 5.30 pm - 8.30 pm Venue: EQ Kuala Lumpur, Level 3, Conservatory
BMCC Members, you will also stand a chance to win tickets to London and ASEAN, an iPad, and much more!
What are you waiting for? Hurry and sign up now! |
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| Be A Part of the BMCC Guide to the UK-Malaysia Education Excellence |
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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 TO KNOW MORE?
Booking deadline: 20 December 2023 Material submission deadline: 31 December 2023 Publication date: January 2024 |
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| Join Us in Unlocking the Benefits of CPTPP for British and Malaysian Businesses |
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Let's explore the economic benefits of the CPTPP for Malaysia and the UK. We will be diving into the advantages of this high-standards agreement, gearing up your organisation to capitalise on opportunities.
12 December 2023 4:00 pm - 6:00 pm Menara MITI or Webcast
Join us for an immersive exploration of the possibilities ahead!
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| Higher Education Committee Meeting at Heriot-Watt University |
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Our Higher Education Committee recently gathered for its final meeting for the year. Thank you, Heriot-Watt University for hosting.
This productive meeting was led by BMCC's Higher Education Committee Chair, Professor Mushtak Al-Atabi, the Provost and CEO of Heriot-Watt University.
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During the session, the Committee members had an engaging discussion on the Committee’s structure and strategic direction moving forward as well as priorities areas for initiatives set to unfold in 2024. Members were also briefed on current initiatives taken by the Chamber pertinent to the Higher Education sector.
To learn more about BMCC's Committees or if you are a BMCC member looking to join our Higher Education Committee, please contact yoong@bmcc.org.my. |
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| Celebrating JACTIM's 40th Anniversary |
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Thank you, Japanese Chamber of Trade & Industry, Malaysia (JACTIM), for having our CEO, Jennifer Lopez at your 40th Anniversary celebration.
The event highlights the enduring and successful trade ties between Japan and Malaysia. The BMCC is proud to be part of this momentous milestone. |
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| Sarawak First in Malaysia to Enact Anti-Climate Change Law |
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The Sarawak Legislative Assembly achieved a significant milestone by passing the Environment (Reduction of Greenhouse Gases Emission) Bill on Monday, making Sarawak the first Malaysian state with legislation dedicated to addressing climate change. |
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According to Deputy Minister Datuk Sharifah Hasidah Sayeed Aman Ghazali, the bill was designed to safeguard Sarawak's environment, aiming for net zero carbon emissions by 2050. Key measures include annual carbon emission reports from registered businesses, carbon emission thresholds, and the imposition of a carbon levy for non-compliance.
The bill also establishes a robust system for project verification, enabling Sarawak to trade or sell carbon credits and potentially generate revenue. The state government plans to create an advisory panel on climate change and related matters following the bill's passing, reinforcing Sarawak's commitment to becoming a global clean energy leader. |
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| BSI | Carbon Neutral Products, CSRD, Sustainability and More |
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As an experienced partner in business improvement, our esteemed member BSI has shaped best practice for over 100 years, helping organisations around the world embed excellence, build competence and capability for sustainable growth.
Share in BSI's expertise with the articles below:
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| Charterhouse Malaysia | Scholarship and Scholarship Info Day |
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Charterhouse Malaysia is excited to announce that we are opening applications for the Future Ready Scholarship. This scholarship, covering up to 100% of tuition fees, is an excellent opportunity for your child to embark on a transformative journey through our two-year A Level Programme for the August 2024 intake. |
This year, we have expanded the scholarship categories to include Academics, The Arts & Sports, providing diverse avenues for your child to excel.
We are hosting a Scholarship Info Day on 2 December 2023 for you to learn more about this exciting scholarship: It's a great chance to get detailed insights into the scholarship application process and understand how your child can benefit from this exceptional programme.
Visit our website for more information about the scholarship.
We hope to see you soon! |
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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 and 3 December, 10 am to 4 pm!
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| Marlborough College Malaysia | Online Admissions Evening |
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Join Marlborough College Malaysia for their Online Admissions Evening! Discover a world-renowned education at a global top 100 school with award-winning academic results, boarding, and pastoral care.
Date: 7 December 2023 (Thursday) Time: 5:30pm |
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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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| Learning Curve Group | Navigating the Global Healthcare Revolution |
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With over 150,000 vacancies in the health and social care sector in the U.K, it's crucial to address the global healthcare challenges that are intensifying this shortage. And a Skills for Health Report tells us that within the next 10 years, we will need to fill almost 500k vacancies to keep up with our aging workforce and population. The demand for qualified personnel worldwide is outpacing the available workforce, making effective training a key factor in addressing this challenge.
This webinar is designed for individuals seeking to enhance their employability prospects within the U.K. and globally. Organizations within in the healthcare and education sectors will also benefit as we delve into skills solutions to tackle the pressing issue of workforce shortages.
We are delighted to have industry experts sharing their insights, including DR Ram Senasi MRCS FRCR, Consultant Paediatric and Neonatal Radiologist (or simply Ram, as he prefers), Steve Morris LCG's Group Commercial Director and training and employment solutions specialist, and Craig Wade, Senior Health, Science and Social Care Manager from the awarding organization NCFE; who, together, will bring a wealth of knowledge about the industry.
Click here for more information and to register! |
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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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