ESG

ESG

MUFG Bank Strengthens Commitment to Sarawak’s Sustainable Growth and Innovation

MUFG Bank (Malaysia) Bhd, a subsidiary of Mitsubishi UFJ Financial Group Inc (MUFG), recently convened over 100 business leaders, policymakers, and industry experts in Kuching, Sarawak, for its flagship conference, MUFG N0W (Net Zero World). The event served as a pivotal regional platform for dialogue on sustainable development across Asia. Following the success of its inaugural Malaysian edition in March 2023, this year’s conference reaffirmed MUFG’s commitment to supporting Sarawak’s growth trajectory through sustainable and innovative financial solutions. Motohide Okuda, Chief Executive Officer and Country Head of MUFG Malaysia, emphasised the bank’s alignment with Sarawak’s aspirations. He stated that MUFG’s continued support is an extension of its broader dedication to Malaysia’s long-term development. “We look forward to leveraging our environmental, social and governance (ESG) financing expertise and regional network to foster collaborations that bolster Sarawak’s goals for sustainable growth and green innovation,” said Okuda. “This latest MUFG N0W is a compelling showcase of how we are well-positioned to connect the best of Japan’s technological capabilities with Malaysia’s abundant green energy resources to unlock new opportunities and drive further growth.” He further highlighted MUFG’s alignment with the Sarawak Sustainability Vision 2030 and reiterated the bank’s ongoing role in facilitating public-private partnerships to advance inclusive development across Malaysia, Japan, and the broader region. Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, reinforced the national imperative for green transformation. He cited MUFG’s collaboration with key Sarawak institutions, including the Sarawak Economic Development Corporation and Sarawak Energy, as instrumental in addressing the energy trilemma of affordability, security, and environmental sustainability. “Malaysia’s green transformation is not just an aspiration – it is an imperative,” said Sikh Shamsul. “We stand ready to support stakeholders from project conceptualisation to implementation and invite further engagement to facilitate green investment journeys across Malaysia.” MUFG has operated in Malaysia for nearly 70 years, providing corporate clients with a suite of sustainability-focused financial solutions, including green financing, sustainability-linked loans, and green trade facilities. The bank was named Best Sustainable Bank (International) by FinanceAsia in both 2023 and 2024. In December, MUFG participated in Sarawak’s inaugural state budget conference, contributing to strategic discussions on growth planning and the role of public-private collaboration in green development. Most recently, the bank signed a memorandum of understanding with Affin Bank – majority-owned by the Sarawak state government – to explore partnership opportunities in advancing Malaysia-Japan business relations and accelerating the green transition. -The Strait Times

ESG

Schneider Electric Identifies Key Strategic Priorities to Drive Sustainability in Real Estate

Schneider Electric Industries (Malaysia) Sdn Bhd has identified three critical focus areas essential for advancing sustainability and resilience across the real estate sector, according to insights from its 2024 Green Impact Gap survey. In a statement issued today, the global energy management and automation company underscored the growing urgency for businesses to move beyond reactive postures, citing climate change as an immediate and escalating risk. “With climate change no longer a distant threat, organisations must evolve from reactive to proactive approaches,” Schneider Electric stated. “By leveraging digital tools, predictive analytics, and integrated energy and sustainability management systems, businesses can monitor risks in real time, anticipate operational disruptions, and optimise their energy consumption.” Such capabilities not only enable firms to reduce carbon emissions and operational costs but also support alignment with increasingly stringent environmental, social, and governance (ESG) expectations. The company further emphasised that energy security continues to be a significant concern for the industry. In response, Schneider Electric advocates for the integration of diversified and resilient energy strategies, including renewables, microgrids, and intelligent energy management systems, to ensure that sustainability efforts are both robust and future-ready. In addressing structural barriers such as limited resources and internal resistance, Schneider Electric pointed to the challenges businesses face in complying with the Energy Efficiency and Conservation Act (EECA). “That is why we collaborate closely with our partners to align strategic intent with tangible action, deliver measurable short-term outcomes, and embed sustainability deeply into core business processes,” the statement read. “When sustainability is embraced as a strategic imperative, it becomes a powerful enabler of long-term value creation. Our role extends beyond providing digital technologies—we also offer partnership, guidance, and shared expertise to help businesses navigate this transformation.” -Bernama

ESG

Malaysia’s Carbon Tax Will Not Deter Investors, Assures Prime Minister Anwar

Prime Minister Datuk Seri Anwar Ibrahim has reassured investors that Malaysia’s forthcoming carbon tax will not serve as a deterrent to investment activities, emphasising that its implementation will be both cautious and phased. Speaking during a roundtable session with key industry leaders in Paris on Friday, Anwar acknowledged the growing momentum towards decarbonisation globally. However, he stressed that Malaysia would approach the carbon tax pragmatically to ensure it does not undermine investor confidence. “We have to be very realistic. The proposed carbon tax should not be seen as too problematic at the expense of investing companies,” he stated. The session was attended by several Cabinet members, including Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, Foreign Minister Datuk Seri Mohamad Hasan, Transport Minister Anthony Loke, Agriculture and Food Security Minister Datuk Seri Mohamad Sabu, and Minister in the Prime Minister’s Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said. Anwar, currently in Paris for a two-day official visit, noted that the carbon tax is expected to be finalised within the coming months. Its initial rollout will focus on the sectors with the highest emissions, particularly the iron, steel and energy industries. The tax is scheduled to be introduced in 2026 as part of Malaysia’s broader commitment to promoting low-carbon technologies and achieving national emission reduction targets. He also highlighted that environmental sustainability remains a priority, citing the government’s move to halt new palm oil plantations on peat soil due to high carbon emissions, despite the industry’s economic significance. Industry leaders present at the roundtable commended the Malaysian government for maintaining a robust and investor-friendly climate. On tourism, Anwar shared positive developments, noting a sharp rise in tourist arrivals from France. He credited the increase in part to the newly launched direct flight route between Kuala Lumpur and Paris operated by Malaysia Airlines. “You can swim the whole year due to our favourable climate,” he added with a touch of levity. He further encouraged French companies to explore opportunities in Malaysia and the ASEAN region, describing both as among the most dynamic and rapidly expanding economic blocs globally. -Bernama

ESG

BMW Brilliance Advances Sustainability Agenda in China with 2024 Report

BMW Brilliance Automotive Ltd, the long-standing Sino-German joint venture, has reaffirmed its strategic commitment to sustainable development in China with the publication of its 2024 sustainability report. The document outlines notable advancements and sets ambitious new goals aimed at supporting China’s transition to a greener economy. The company continues to position itself at the forefront of sustainability in the premium automotive segment, with key initiatives spanning renewable energy deployment, materials innovation and cultural heritage preservation. A central focus of BMW Brilliance’s roadmap is the planned local production of its Neue Klasse electric vehicles, scheduled to commence in 2026. This move is expected to significantly bolster the company’s electrification strategy in the world’s largest automotive market. The report also details BMW’s continued investment in sustainable materials, highlighting the integration of bio-based components in the BMW X3 range. These include materials derived from coffee grounds and sugarcane fibre, underscoring the company’s drive to reduce environmental impact throughout its value chain. By embedding sustainability across its operations, BMW Brilliance aims to set a benchmark for luxury carmakers operating in China, aligning industrial innovation with national green development objectives. -ANN

ESG, News

Prasarana Launches Vendor ESG Hub to Advance Sustainable Supply Chain Practices

Prasarana Malaysia Berhad has unveiled its new digital platform, the Vendor ESG Hub, a strategic initiative aimed at elevating environmental, social and governance (ESG) practices across its vendor ecosystem. The platform, developed to support the nearly 5,000 vendors registered with the company—including more than 3,000 local small and medium enterprises (SMEs)—marks a significant step in Prasarana’s commitment to integrating sustainability throughout its operations. Group President and Chief Executive Officer, Mohd Azharuddin Mat Sah, described the platform as a purposeful move to strengthen ESG adoption among both local and international suppliers. Speaking at the launch event in Petaling Jaya, he emphasised the need for the supply chain to align with global ESG standards. “The Vendor ESG Hub portal offers practical resources, guides and digital tools tailored to help vendors understand, assess and gradually implement ESG principles,” he said. “The platform is structured around four key components—Assess, Inspire, Learn and Do—each designed to build vendor capability and readiness for a sustainable business future.” The initiative was launched in conjunction with the Health, Safety, Security, Environment and Sustainable Development (HSSE & SD) Week 2025, underscoring Prasarana’s long-term commitment to ESG integration. Implementation will be phased, with 30 to 50 companies selected for initial participation in education and awareness programmes related to ESG practices. These will span both domestic and international vendors, including partners from Europe, China and Japan. “We are engaging with all our vendors—local and global—to explore how their practices can be enhanced to support sustainability goals,” Azharuddin noted. “One of our long-term priorities is the reduction of carbon emissions in vendor operations. While ESG is a broad domain, this platform allows us to focus on tangible actions, such as equipping our partners with the knowledge and tools to lower emissions in their day-to-day processes.” The launch of the Vendor ESG Hub further reinforces Prasarana’s role as a key enabler of sustainable transformation within the public transportation ecosystem and broader industry supply chains. -Business Times

ESG, News

SIRIM Appointed Sole Approval Body for Plastic Waste Imports from July 1

SIRIM Berhad has been officially designated as the sole inspection authority and issuer of the Certificate of Approval (COA) for the importation of waste plastic into Malaysia, effective 1 July 2025. In a statement issued by the Ministry of Investment, Trade and Industry (MITI), the move is part of the government’s ongoing efforts to enhance environmental governance in line with the MADANI Economy framework, which prioritises green growth and climate resilience. The ministry stated that COAs for waste plastic imports will only be granted if all regulatory conditions under Malaysian law are fulfilled, and provided that the exporting countries are parties to the Basel Convention, an international treaty controlling transboundary movements of hazardous waste and its disposal. “Malaysia will not hesitate to take firm action against individuals or companies that attempt to circumvent import regulations or are involved in illegal waste trafficking,” the ministry emphasised. MITI reaffirmed its commitment to promoting a legitimate, responsible and environmentally sound trade ecosystem that supports the nation’s sustainable socio-economic objectives. The ministry also stressed that Malaysia’s policies remain aligned with international standards and multilateral commitments to environmental protection. Importers seeking to bring in waste plastic are advised to consult the official guidelines published by SIRIM, which outline the procedures and inspection requirements. The documentation is accessible at: https://www.sirim-qas.com.my/wp-content/uploads/2025/05/faq-importationof-waste-plastic-1.pdf. SIRIM, a statutory body under MITI, is Malaysia’s leading industrial research and technology organisation and a national authority on quality assurance. -Bernama

ESG

KOLTIVA Appoints Joe Keen Poon as Executive Chairman

In a major move underscoring its growing global presence in sustainable agriculture and supply chain traceability, the Indonesia-Swiss-based, venture-backed AgriTech firm KOLTIVA has named Joe Keen Poon as its new Executive Chairman. Announced earlier today, the appointment marks a strategic milestone in KOLTIVA’s continued international leadership trajectory. This pivotal leadership marks a defining moment in KOLTIVA’s journey as the company accelerates its mission to build inclusive, deforestation-free, and fully traceable supply chains aligning with emerging global regulations such as the European Union Deforestation Regulation (EUDR), CSDDD, CSRD, and other rising demands for environmental, social, and governance (ESG) compliance. The appointment of Joe Keen Poon as Executive Chairman reinforces KOLTIVA’s unwavering commitment to sustainability, transparency, and innovation in agriculture. A seasoned global executive, Joe brings over 30 years of experience scaling purpose-driven technology and sustainability ventures. His leadership credentials span top-tier organizations, including Microsoft, Deloitte, Surbana Jurong, and, most recently, as Group CEO of the Singapore Institute of Management (SIM). The Executive Chairman will play a central role in strengthening governance, unlocking investment pathways, and ensuring that KOLTIVA’s solutions remain scalable, secure, and rooted in impact. His appointment signals KOLTIVA’s next chapter: leveraging advanced analytics to deliver not just transparency — but foresight and resilience — in agricultural supply chains. Founded in 2013, KOLTIVA has rapidly evolved into one of the most trusted technology partners in agriculture, working with over 1,9 million producers across 65 countries. Its integrated ecosystem—ranging from traceability platforms, capacity building as an extension services with in person field-training through its extensive agronomist network and digital payment tools to smallholder training programs—has become vital to agri businesses, enterprises and suppliers navigating today’s complex sustainability challenges. As Executive Chairman, Joe will help KOLTIVA sharpen its long-term vision, deepen its impact across supply chains, and shape future partnerships that align with its triple-bottom-line: People, Planet, and Profit. “KOLTIVA is uniquely positioned at the intersection of agriculture, climate action, financial inclusion and digital transformation,” said Joe Keen Poon. “Joining this team is not only a professional honor—it’s an impact-commitment to reshaping how the world sources its food and raw materials, while supporting the rural smallholders who grow them.” Joe Keen Poon will collaborate closely with the CEO and Co-Founder, Manfred Borer and the broader leadership team to strengthen KOLTIVA’s presence across key regions—including Indonesia, Asia-Pacific, the Americas, Europe and the Middle East, and Africa—strategic markets essential to the future of sustainable sourcing. “We’ve built a strong foundation rooted in data integrity, human-centered technology intelligence, field operations, and client trust,” said Manfred Borer, CEO of KOLTIVA. “Now, we’re scaling. With Joe Keen Poon on board, we gain a partner with the global foresight and experience to guide us through this next chapter—one that will see us expand across continents while remaining deeply connected to rural farming communities.” While the appointment brings fresh global perspectives, it also underscores continuity in KOLTIVA’s mission and values. The company remains deeply focused on enabling ethical sourcing, smallholders inclusion, and climate resilience through technology and on-the-ground presence. KOLTIVA’s approach remains unique in its integration of field expertise and digital traceability—a model that has won recognition from global enterprises, government institutions, public-private partnership, non-government organization to climate-impact driven investors. “As regulatory landscapes shift, particularly with the introduction of the EU Deforestation Regulation (EUDR), companies across the globe are under pressure to verify the legality and sustainability of their raw material sources. KOLTIVA has been at the forefront of this movement, enabling full end-to-end traceability and polygon-based geospatial verification for commodities including palm oil, rubber, cocoa, and coffee.” Joe Keen Poon. “What drew me to this role was not just the technology, but the company’s relentless focus on empowering producers and building trust between stakeholders. That’s where true sustainability begins.”

Energy & Technology, ESG

DNex and PowerChina’s Subsidiary Ink Landmark Agreement to Advance Renewable Energy in Malaysia

Dagang NeXchange Berhad (“DNeX”) has signed a Memorandum of Understanding (“MoU”) agreement with Sinohydro Corporation (M) Sdn  Bhd (“Sinohydro Malaysia”), a wholly-owned subsidiary of Sinohydro Corporation Ltd (“SINOHYDRO”), which in turn is a wholly-owned subsidiary of a major Chinese state-owned company, Power Construction Corporation of China, Ltd (“POWERCHINA”), to explore and develop key initiatives across Malaysia’s growing renewable energy sector. Sinohydro Malaysia serves as POWERCHINA‘s wholly-owned subsidiary in Malaysia, actively undertaking major construction and engineering projects across the country since 1998. Among its notable projects, SINOHYDRO participated in the construction of Bakun Hydroelectric Plant (HEP) in Sarawak, with an installed capacity of 2400MW which is the largest hydroelectric power station in Malaysia and in Southeast Asia. SINOHYDRO also participated in the construction of several major power plants in Malaysia, including Connaught Bridge Power Station, Tanjung Kidurong Combined Cycle Gas Turbine Power Plant, Hulu Terengganu Hydroelectric Project, Murum Hydroelectric Plant, Large Scale Solar 3 (LSS3) Coara Marang Solar Power Project and Telekosang Small Hydro Power Plants.  Sinohydro Malaysia is currently carrying out the construction of the Baleh Hydroelectric Project, the largest on-going hydroelectric power plant project in Malaysia, as well as the Miri Combine Circle Gas Turbine Power Plant in Miri, Sarawak. This strategic partnership underscores both parties’ commitment to drive innovation, fostering technological advancement, and contributing to Malaysia’s clean energy transition and economic growth while upskilling local Malaysians with the transfer of technologies and best global practice. The MoU outlines several key areas of cooperation designed to support the Government’s vision of accelerating Malaysia’s clean energy agenda in line with the National Energy Transition Roadmap: Renewable Energy Project Development: The parties will jointly identify, evaluate, and develop viable renewable energy projects throughout Malaysia. These include, but are not limited to, initiatives in solar, geothermal, hydroelectric, and other clean energy technologies, leveraging the unique strengths and expertise of both companies to harness Malaysia’s natural resources for clean power generation. Technology Transfer and Best Practices: A core objective of the collaboration is to facilitate the transfer of advanced technologies and best practices. This will encompass critical fields such as cutting-edge solar solutions, geothermal energy, hydropower systems, and small modular reactor (“SMR”) technologies, thereby accelerating Malaysia’s adoption of state-of-the-art clean energy solutions. Sustainable Rare Earth Exploration: The MoU also paves the way for exploring opportunities in sustainable rare earth mining projects, specifically those related to usage in renewable energy. This initiative aims to secure a reliable and environmentally responsible source of these critical materials, which are essential for the production, construction and operation of renewable technologies. This aligns with the increasing global demand for not only clean electricity, but also for clean sources of electricity. Innovation and Enhancement: Both parties are committed to jointly pursuing the development of enhancements and innovations stemming from the transfer of technology in renewable energy, supporting DNeX’s stated commitment Malaysia’s Net Zero emissions target by 2050, and its ambition to capitalise on global Energy Transition opportunities. Local Talent Development: Recognising the paramount importance of a skilled workforce for sustainable growth, the MoU includes provisions to upskill and develop local talent within both the renewable energy sector and the rare earth mining, extraction, and production industries. “This partnership marks a pivotal moment for DNeX ‘s journey towards a sustainable future,” said Faizal Sham Abu Mansor, Group Chief Executive Officer of DNeX, adding that, “Our collaboration with SINOHYDRO will not only unlock new renewable energy potential across the nation but also enable us to embrace advanced technologies like SMR. This opportunity will greatly complement our on-going sustainability plans in the Energy sector as we intend to move our oil and gas portfolio closer to bridge fuel like natural gas in lieu of oil and in our IT sector which is focusing more and more on provision of sovereign cloud and AI services. This requires large amount of energy, and partnering with SINOHYDRO enables us to moonshot ourselves in the field of SMR and ensure our products and service offerings are not only reliable but a carbon-free power source. Furthermore, our joint commitment to clean rare earth extraction aligns perfectly with our vision for responsible resource management and industrial growth. We are particularly excited about the prospect of developing local expertise and creating high-value jobs in these critical sectors.” “As we accelerate our shift towards a greener future, this partnership represents a milestone in our renewable energy transition and expansion from our traditional oil and gas business reinforcing our dedication to environmental stewardship,” he added.

ESG, News

SIROM, HEINEKEN Malaysia & Sokong Unite to Enhance Community Resilience

In conjunction with United Nations (UN) Environment Day, Soroptimist International Region of Malaysia (SIROM), Heineken Malaysia Berhad (HEINEKEN Malaysia), and Sokong by Yayasan Malaysiakini, proudly presented Sustainability Day 2025—a community-powered initiative aimed at promoting eco-friendly practices and building more sustainable food systems. Held at GCC Farm in Bentong on 14 June 2025, the event highlighted two practical and impactful approaches to sustainability: aquaponics farming and organic composting. These methods provide scalable solutions that empower communities to actively contribute to food security, environmental preservation, and climate resilience. Participants engaged in hands-on workshops, educational demonstrations, and community dialogues, making it a meaningful day of learning, collaboration, and action. This effort reflects the spirit of the 2025 UN Environment Day theme: “Our Land. Our Future. We Are #GenerationRestoration.” “Sustainability Day is about more than awareness—it’s about action,” said Rebecca Lai, President of SIROM. “Aquaponics and composting provide scalable, low-carbon impact solutions to food waste, water conservation, and urban farming challenges. These practices demonstrate how communities can take charge of their own sustainability.” Aquaponics, a method that integrates aquaculture and hydroponics, uses up to 90% less water than conventional farming and supports chemical-free, year-round food production. Meanwhile, organic composting transforms kitchen and garden waste into nutrient-rich soil, reducing landfill use while enhancing soil health and biodiversity. These practices directly support Malaysia’s sustainability agenda and align with several UN Sustainable Development Goals (SDGs)—notably Zero Hunger (SDG 2), Responsible Consumption and Production (SDG 12), and Climate Action (SDG 13). “At HEINEKEN Malaysia, we believe true progress begins at the grassroots. Our partnership with Soroptimist International began in 2017 and has been a testament to the power of community-driven change, where food security, sustainability, and women’s empowerment come together to build resilient futures. Together, we’re not just growing crops, we’re cultivating opportunity and long-term impact,” said Renuka Indrarajah, Corporate Affairs & Legal Director of HEINEKEN Malaysia. The event embodies a shared dedication to inclusive, community-led climate action. As part of its Brew a Better World sustainability strategy, HEINEKEN Malaysia continues to invest in environmental sustainability and community empowerment. Puteri Afiqah Mazelan, Community & Marketing Manager of Sokong by Yayasan Malaysiakini, added: “At Sokong, we’re proud to connect changemakers and grassroots organisations who are doing the real work on the ground. Sustainability Day is a great example of how collective action—supported by strong partnerships—can spark long-term change.” As a digital fundraising and impact platform, Sokong is committed to amplifying causes that matter—whether through community engagement, public awareness, or funding for environmental and social initiatives. SIROM, a national body under Soroptimist International South East Asia Pacific, continues to lead efforts in empowering women and uplifting communities through sustainable development and environmental education. Sustainability Day 2025 is more than just a celebration of green practices—it is a reminder of what’s possible when communities, corporations, and civil society come together. Hand in hand, HEINEKEN Malaysia, Sokong, and SIROM are planting the seeds of lasting change—one household, one garden, one community at a time.

ESG, News

CIMB Commits RM200 Million to Enhance Financial and Digital Literacy Across Malaysia

CIMB Group Holdings Bhd has announced a RM200 million commitment over five years (2026–2030) under its “Kita Bagi Jadi Komuniti” (KBJK) platform, reinforcing its ambition to empower communities and drive inclusive growth across Malaysia. The initiative underscores the bank’s long-term strategy to promote economic empowerment, strengthen community wellbeing, and enhance financial inclusion through skills development, particularly in digital and financial literacy. The pledge was unveiled by CIMB Group Chief Executive Officer Novan Amirudin in Kuala Lumpur. He emphasised the socio-economic urgency of closing income inequality gaps, stating that nations with greater disparity often experience less sustainable development. “In contrast, a thriving, inclusive society that leaves no one behind benefits all its members. At CIMB, our purpose to advance customers and society is simple but powerful,” he said. As part of the KBJK platform, CIMB introduced several targeted programmes aimed at key segments of society. Among them is the Women Entrepreneur Empowerment Programme, designed to provide customised financing and networking support for women-led enterprises. The initiative aims to assist 300 women entrepreneurs over a three-year period. In collaboration with the Credit Counselling and Debt Management Agency (AKPK), CIMB is also delivering ‘Jaga Duit’ workshops – a financial literacy programme tailored for low-income employees within its corporate and SME client base. Nearly 1,500 individuals have already participated in these sessions. Additionally, through the ‘Let’s Duit’ initiative led by TNG Digital, around 1,000 senior citizens nationwide have received practical, hands-on training in digital payment tools, helping them navigate the digital economy with greater confidence and safety. CIMB continues to build on a strong foundation of social investment. Between 2021 and 2024, the group has disbursed over RM125 million in community-focused initiatives, keeping it firmly on track to meet its RM150 million target by end-2025. During the same period, the bank has channelled more than RM50 billion in financing to support low-income customers and SMEs, reaffirming its role as a responsible financial intermediary driving inclusive economic impact. Through TNG Digital, CIMB has also facilitated nearly RM1 billion in salary disbursements to over 40,000 migrant workers while expanding financial access for refugees and gig economy participants. -Bernama

Scroll to Top

Subscribe
FREE Newsletter