ESG

ESG

Malaysia Eyes Strategic ESG Partnerships in Energy Sector During Turkiye Visit

ISTANBUL: Malaysia is encouraging its leading corporations to explore strategic investments abroad as part of a broader effort to strengthen environmental sustainability, foster international collaboration, and enhance national energy resilience. Deputy Prime Minister and Minister of Energy Transition and Water Transformation, Datuk Seri Fadillah Yusof, highlighted the importance of leveraging foreign partnerships to advance technological capabilities and environmental goals. Speaking during his working visit to Turkiye, he pointed to Tenaga Nasional Berhad’s (TNB) ongoing investment in Gama Enerji A.S. as a model for impactful international cooperation. “Although TNB is not the majority shareholder, it is actively involved in Gama’s management, demonstrating how Malaysian firms can gain valuable expertise and scale globally,” said Fadillah. The visit aligns with Malaysia’s energy transition roadmap, where clean and reliable energy plays a pivotal role. Fadillah also engaged with Turkish floating power plant operator Karpowership—an international energy firm known for its mobile power solutions—to explore potential collaboration in addressing electricity shortages in regions such as Sabah. “Karpowership’s floating energy vessels offer flexible power generation using gas and LPG. They are particularly relevant to Malaysia’s eastern regions, where energy access can be limited,” he said, emphasising that the visit is exploratory in nature, not yet a formal commitment. The Deputy Prime Minister added that these overseas engagements are not solely commercial in nature but are strategic steps towards building a sustainable and future-ready energy ecosystem in Malaysia. “We want our companies to return not just with profits, but with knowledge, innovation, and technical capabilities that strengthen our local industries,” he noted. Malaysia’s Ambassador to Turkiye, Sazali Mustafa Kamal, and TNB’s Chief of New Energy, Mohd Zarihi Mohd Hashim, were also part of the delegation. Following his engagements in Turkiye, Fadillah is set to lead the Malaysian delegation to the Summit on the Future of Energy Security in London (April 24–25), co-hosted by the International Energy Agency (IEA) and the Government of the United Kingdom. The summit will convene global leaders to address pressing challenges in energy equity, security, and decarbonisation. The Deputy Prime Minister’s mission underscores Malaysia’s intent to not only secure energy supply but also to do so responsibly, with clear alignment to Environmental, Social, and Governance (ESG) principles.

ESG

Zero-Carbon Village Rises in Tujia Countryside

WUHAN: During April’s Pear Blossom Festival, Tudianzi village, nestled deep in the mountains of central China’s Hubei Province, has welcomed over 50,000 visitors in just two days. In Tudianzi Village, tourists marveled at innovations like solar-storage integrated streetlights illuminating country paths, high-power EV charging stations eliminating range anxiety, and traditional Tujia cuisine cooked in all-electric kitchens — a vivid showcase of sustainable rural revitalization. This drone photo shows photovoltaic power station in Tudianzi Village, Badong County, central China’s Hubei Province, April 10, 2025. (Photo by Lei Yong/Xinhua) From Tudianzi Village, perched 1,200 meters above sea level, the mist-shrouded Wu Gorge stretches into the distance, while terraced pear blossoms blanket the slopes. A light breeze carries the delicate floral fragrance, marking the most picturesque season for this Tujia ethnic mountain village. “The table actually charges my phone wirelessly!” exclaimed tourist Ms. Tan, surprised when her phone began charging on a solar-powered bench in the food corridor. Located in Badong County, Enshi Tujia and Miao Autonomous Prefecture, Tudianzi Village earned its name during the Ming Dynasty as a rest stop for merchants on the ancient Tea Horse Road. Long secluded in the mountains, the village has now gained fame as a model for rural energy revolution, achieving 24/7 zero-carbon operations and 100% green electricity supply. Solar panels are ubiquitous here — on rooftops, pavilions, plaza corridors, chicken coops, and pigsties. “The village’s solar capacity reaches 1,800 kW. At full capacity for one hour, it can generate 1,800 kWh, enough to power the entire village for a day,” said Chen Wentao, person in charge of the State Grid Enshi’s development department. Reliable electricity was once a distant dream for villagers. Aging power infrastructure — characterized by extensive grid coverage, outdated single-radial network designs, and seasonal load fluctuations — left communities vulnerable to frequent and prolonged outages, particularly during extreme weather. A staff of State Grid Badong Power Supply Company is checking the breeze power generation equipment in Tudianzi Village. (Photo by Lei Yong/Xinhua) “Whenever thunderstorms struck, power lines would fail, plunging the entire village into darkness,” recalled 75-year-old Hu De’an. Like many residents, Hu once relied entirely on firewood for light and heat. “Our homes were filled with smoke, but seeing firewood piled under the eaves was the only way we felt secure,” he said. In September 2020, China unveiled its ambitious “dual carbon” goals to the world: achieving peak carbon emissions by 2030 and carbon neutrality by 2060. Studies showed that traditional biomass fuels like firewood, burned through direct combustion, operate at a mere 10-15% efficiency while generating heavy carbon emissions. This inefficiency has thrust rural China into a critical dilemma — how to build resilient, clean energy networks that meet growing demand without compromising sustainability. A breakthrough came in March 2023 when China’s National Energy Administration and three other ministries launched a landmark initiative. The plan prioritizes pilot projects to accelerate rural energy transitions, coupling clean power adoption with broad rural revitalization objectives. By August 2023, State Grid Hubei Electric Power had spearheaded a flagship demonstration project in Tudianzi Village, targeting three pillars: stable clean energy supply, efficient resource utilization, and green industrial development. During a recent visit to Tudianzi’s black pig breeding base — an operation producing over 4,000 hogs annually — reporters observed a model of integration. Solar panels crowned the spotless pigsty roofs, while odor-free pathways defied backward farm. The transformation stems from a 30-kilowatt biogas plant constructed adjacent to the facility. Engineered by local power authorities, the system collects manure from the breeding base and kitchen waste from nearby households, channeling them into a closed-loop cycle of “biomass resources – biogas – electricity – fertilizer”. “Biogas is converted into electricity, while its byproducts — digestate and residues — are processed into fertilizers for farmland, achieving circular biomass utilization and clean energy supply,” said Su Lei, senior engineer of State Grid Hubei Electric Power Research Institute. Notably, the installation of an 80-cubic-meter gas storage tank ensures nighttime green power supply and enables off-grid operations when integrated with flexible energy storage systems. For local farmer Feng Cailong, the project has brought tangible economic gains. “Previously, disposing pig waste cost over 40,000 yuan annually. Now, delivering it directly to the biogas plant not only cuts disposal expenses but also saves more than 60,000 yuan yearly in electricity, disinfection, and fertilizer costs for forage cultivation,” he informed. These developments epitomize Tudianzi’s rural energy transformation. After nearly two years of construction, the village has established a low-carbon energy system dominated by wind and solar power, featuring agile microgrid-distribution network interactions and coordinated “source-grid-load-storage” operations. A multidimensional industrial ecosystem integrating renewable energy, livestock farming, and eco-tourism is taking shape. In 2024, the village’s electricity consumption surged to 537,000 kWh, a 188% increase from 2022. Since launching its energy revolution, Tudianzi’s annual renewable energy output reaches 1.44 million kWh, equivalent to saving 472 tons of standard coal while reducing CO₂ emissions by 1,436 tons and SO₂ by 43 tons annually. “With the village’s total installed renewable energy capacity now reaching 1,871 kilowatts, we not only achieve full green power supply for the entire village but also export substantial surplus electricity to external grids,” explained Yang Lin, official of the Development and Reform Commission of Enshi Tujia and Miao Autonomous Prefecture.

ESG, Events

Bursa Malaysia Hosts Earth Week to Empower Sustainability Across Markets and Society

KUALA LUMPUR: Bursa Malaysia Berhad has launched its three-day Earth Week celebration, from 22 to 24 April, to mark Earth Day with a series of targeted engagements aimed at driving sustainability awareness among capital market participants and the broader public. Themed around collective climate action, the event features workshops, exhibitions, and expert dialogues designed to catalyse environmental progress across all levels of society. Tailored Sustainability Programming The initiative kicks off with the Bursa Malaysia x RHB ESG Series 2, a closed-door session for industry leaders and ESG specialists, focusing on decarbonisation strategies for Malaysia’s economic sectors. The second day spotlights internal sustainability efforts through a partnership with WWF-Malaysia, offering practical climate actions for Bursa employees in support of its emission reduction goals. The final day, 24 April, will open its doors to a wider audience with a dual focus: A PLC Transformation Workshop for public-listed companies on managing Scope 1, 2, and 3 emissions. The ECO Carnival, a public event packed with exhibitions, educational experiences, and interactive displays to inspire greener lifestyles. Highlights from the ECO Carnival   EV Test Drives: Attendees can test drive and ride electric vehicles, including the BMW iX2, BMW CE04, and the Blueshark R1 smart electric scooter. 25+ Exhibitor Booths: Showcasing green technologies, clean energy innovations, and sustainable living solutions. Visitors can also learn about Bursa’s financial products and connect with brokers. Sustainability Talks and Seminars: A curated series of talks on solar energy, waste transformation, and other low-carbon solutions. Panel on Sustainable Investing: Held in collaboration with Universiti Utara Malaysia, this 3:30pm session will explore ESG investing trends, challenges faced by PLCs, and evolving opportunities in Malaysia. “Our aim is to foster collective progress towards a more sustainable economy and society,” said Dato’ Fad’l Mohamed, CEO of Bursa Malaysia. “Earth Week is our call to action – a way to rally stakeholders at every level to drive meaningful environmental change.” The ECO Carnival is open to the public on Thursday, 24 April, from 10:00 am to 5:00 pm at Bursa Malaysia’s Annexe Building, Bukit Kewangan, Kuala Lumpur. Admission is free, and early attendees stand a chance to redeem a special gift. For more information, visit Bursa Malaysia’s website.

ESG

Bhutan Bets on ‘Green’ Cryptocurrency to Power Its Economy and Retain Talent

New Delhi:  Bhutan is tapping into its abundant hydropower resources to mine “green” cryptocurrencies as part of a broader strategy to revitalise its economy, create jobs, and curb the growing brain drain among its youth.   Green cryptocurrencies are digital assets minedusing renewable energy sources such as hydro, wind, or solar power, in contrast to those created using fossil fuels. Bhutan’s efforts in this space are spearheaded by its sovereign wealth fund, Druk Holding and Investments Ltd (DHI), which also controls the country’s sole power generation utility. “We are a nation that runs 100 per cent on hydropower, and every digital coin we mine in Bhutan using hydropower offsets that coin which gets mined using fossil fuels,” said Ujjwal Deep Dahal, CEO of DHI. “So a coin mined in Bhutan will contribute to the green economy,” he told Reuters. Bhutan quietly began investing in cryptocurrencies in 2019, using earnings to fund government expenses, including salaries for two consecutive years. Now, the country is looking to scale up, exploring how its sustainably mined digital assets could attract ESG-conscious investors and corporations. Famed for its alternative development philosophy centred on Gross National Happiness (GNH), Bhutan sees crypto mining not only as an economic opportunity but also as a way to align financial gains with environmental stewardship. Dahal said Bhutan is also training its youth in blockchain and artificial intelligence to prepare them for future job markets. The move comes amid concerns over youth unemployment and migration. More than 10% of Bhutan’s young population left the country between 2022 and 2023, pushing the youth unemployment rate to 16.5% in 2024. To support its vision of becoming a global hub for green digital currency, Bhutan is targeting a hydropower capacity of 15 gigawatts over the next 10 to 15 years—up from its current output of around 3.5 gigawatts, and still far below its full potential of 33 gigawatts. “Bitcoin has not just given more value to hydropower energy, it has also increased access to liquidity in foreign currency,” Dahal noted, highlighting crypto’s potential to diversify Bhutan’s economic prospects.–REUTERS

ESG, Property

Malaysia Reaffirms Urban Sustainability Goals Ahead of ARCHIDEX & AREC 2025

KUALA LUMPUR: Malaysia’s Minister of Housing and Local Government, Nga Kor Ming, has reaffirmed the country’s commitment to sustainable and innovative urban development with the official preview of ARCHIDEX and AREC 2025 — Asia’s leading architecture business event. Set to take place this July at both MITEC (21–24 July) and the Kuala Lumpur Convention Centre (23–26 July), the dual-venue exhibition will feature nearly 1,000 exhibitors across 36,700 sqm of space — a 40% increase from 2024 — and is expected to draw over 56,000 visitors from more than 110 countries. Speaking at the launch held at Crowne Plaza KL City Centre on 17 April, Nga highlighted the event’s growing regional influence. “With over RM2 billion in investment value anticipated, ARCHIDEX and AREC 2025 are key platforms to drive business opportunities and regional best practices,” he said. Strategic Industry Collaboration Jointly organised by Pertubuhan Akitek Malaysia (PAM) and C.I.S Network Sdn Bhd, ARCHIDEX 2025 will anchor the annual Kuala Lumpur Architecture Festival (KLAF). PAM President, Adjunct Prof. Ar. Adrianta Aziz, emphasised the importance of DATUM — the event’s renowned architecture conference — which will feature 19 speakers from 12 countries this year. “DATUM inspires, ARCHIDEX activates. That’s the power of this platform — where thinking meets doing,” he said. Meanwhile, C.I.S President Dato’ Vincent Lim announced the introduction of KL Architecture Week, designed to position the city as Southeast Asia’s hub for architecture, heritage, and arts. New Features & Growth Drivers ARCHIDEX 2025 will spotlight new features, including: The World of Works (WOW): A first-in-ASEAN workplace simulation showcasing sustainable and tech-enabled office designs. Malaysia-China Customised Furniture Zone: A new initiative addressing growing demand for bespoke interiors. PAM Pavilion: In collaboration with the Malaysian Timber Council, promoting local timber on the global stage. FENESTEX: ASEAN’s dedicated exhibition for fenestration and façade technologies, tapping into the region’s booming UPVC and flat glass markets. AREC 2025: A Real Estate Renaissance Held concurrently with ARCHIDEX, the ASEAN Real Estate Summit (AREC) 2025 will convene from 23–26 July under the theme “The Real Estate Renaissance: Innovate, Integrate, Impact.” As part of Malaysia’s ASEAN Chairmanship, the summit will address regional housing and urbanisation challenges through the lens of sustainability and resilient infrastructure. Driving Malaysia’s Regional Role With strong government backing and international participation, ARCHIDEX and AREC 2025 aim to strengthen Malaysia’s position as a regional hub for sustainable built environment solutions, while unlocking economic growth and investment. “ARCHIDEX remains a pivotal platform for regional collaboration, advancing sustainable urban development and positioning Malaysia as a leader in ASEAN’s built environment sector,” said Nga. For more details, visit archidex.com.my.

ESG, The Executives

The ESG Blind Spot That Could Cost Malaysian SMEs Their Edge

In an exclusive interview with Dr. Vimi, a leading expert in data analytics and market intelligence, we explored the evolving landscape of Environmental, Social, and Governance (ESG) practices among Malaysian SMEs and how they compare to their regional counterparts. Dr. Vimi Ramasamy, the Chief Executive Officer & Founder of STRAVIK, Adjunct Professor, and TalentCorp Fellow, shares insights on the challenges and opportunities for SMEs in Malaysia. She offers a roadmap for businesses to effectively integrate ESG principles, ensuring competitiveness in a global market increasingly focused on sustainability The State of ESG Preparedness in Malaysia According to Dr. Vimi, Malaysian SMEs’ adoption of ESG practices is largely influenced by their engagement with multinational corporations (MNCs). “SMEs that are part of MNC supply chains are generally more attuned to ESG practices due to the stringent requirements set by these corporations,” she explains. However, SMEs not directly connected to MNCs often lack the same urgency in adopting ESG principles, despite government incentives and awareness campaigns. Recent reports highlight a significant increase in ESG awareness among Malaysian SMEs, with figures rising from just 14% in 2022 to 80% in 2024. However, as Dr. Vimi points out, the gap between awareness and implementation remains substantial. “Only 38% of SMEs that have adopted sustainability practices report substantial revenue gains,” indicating that while awareness is growing, effective execution of ESG practices remains a challenge. Regionally, Malaysia is making strides in ESG adoption, but Dr. Vimi notes that countries like Singapore and Thailand have set a higher bar. “These countries have stricter sustainability standards, putting pressure on Malaysian SMEs to improve their ESG practices in order to stay competitive on the global stage,” she states. Sectoral Disparities in ESG Adoption Dr. Vimi identifies the Electrical and Electronics (E&E) and manufacturing sectors as the frontrunners in ESG adoption within Malaysia, primarily due to their integration into global supply chains that demand strict sustainability standards. According to the 2025 Alliance Bank Malaysia ESG Report, 60% of manufacturing SMEs have embraced ESG practices, a notable increase from previous years. In contrast, sectors such as services, construction, and agriculture lag behind, with adoption rates ranging from 37% to 41%. The Malaysian government is actively addressing these disparities with initiatives such as the National Industry Environmental, Social, and Governance (i-ESG) Framework, designed to assist sectors with lower ESG uptake. Dr. Vimi also highlights the allocation of RM300 million under the National Energy Transition Roadmap in Budget 2025, further emphasizing the government’s commitment to fostering ESG practices across all industries. The Role of Digital Transformation and Data Analytics As digital transformation becomes integral to business operations, Dr. Vimi emphasizes its role in enabling SMEs to integrate ESG principles effectively. “Digital transformation helps businesses optimize across the four domains—people, policy, process, and technology—creating a holistic approach to sustainability,” she explains. By leveraging digital tools and data analytics, SMEs can streamline operations, ensure compliance with ESG standards, and make better-informed decisions. This transformation also enables upskilling employees and improving workforce efficiency, creating a more sustainable and productive work culture. Overcoming Challenges in ESG Compliance One of the most significant challenges preventing Malaysian SMEs from embracing ESG compliance, according to Dr. Vimi, is the lack of understanding of what ESG truly entails. “Many businesses mistakenly believe that ESG compliance requires substantial financial investment and complex reporting processes,” she says. In reality, ESG is about aligning business practices with sustainability, optimizing operations, and ensuring long-term, incremental growth. “Unlike other forms of compliance, ESG is more about personal responsibility and continuous improvement,” Dr. Vimi adds. Cost-Effective ESG Implementation While concerns about the costs of sustainability are common among SMEs, Dr. Vimi argues that ESG strategies can lead to long-term savings and enhanced business performance. “By optimizing operations through ESG principles, businesses can reduce inefficiencies, lower energy consumption, and improve resource utilization, all of which contribute to cost reductions,” she states. She also encourages SMEs to start small by addressing the most material issues identified through a materiality assessment. “Several government grants and incentives are available to support SMEs in their ESG journey, including the Green Technology Financing Scheme (GTFS) and the Low Carbon Transition Facility (LCTF), which provide financial support for sustainability-focused projects,” Dr. Vimi notes. ESG as a Business Opportunity, Not a Burden A common misconception among SMEs is that ESG is a compliance burden. However, Dr. Vimi sees ESG as a strategic business opportunity. “Adopting ESG practices can directly attract investors, open doors to new growth opportunities, and enhance brand reputation,” she asserts. By viewing ESG as a growth strategy rather than a regulatory obligation, SMEs can tap into a growing market that increasingly values sustainability. Regional Policy Insights and Recommendations Drawing on her extensive experience in global markets, Dr. Vimi suggests several regional policies that could benefit Malaysia’s SME sector. For example, she advocates for a national sustainability certification system similar to Thailand’s Green Industry Standard (GIS), which incentivizes businesses to adopt green practices. She also proposes the creation of a one-stop platform for SMEs to access all ESG-related grants, tax incentives, and financial support, akin to the European Union’s Green Deal. Preparing for the Future: ESG Beyond 2050 Looking ahead to 2050, Dr. Vimi highlights the need for SMEs to make ESG a core component of their business strategy. “SMEs must integrate ESG into every aspect of their operations, from supply chains to energy efficiency, to remain competitive in an increasingly ESG-driven global market,” she advises. She also stresses the importance of investing in people and technology to ensure continuous improvement and long-term sustainability. Dr. Vimi concludes with a powerful message for Malaysian SMEs: “ESG is not just a responsibility; it’s a commitment to future generations. By taking purposeful, deliberate steps now, SMEs can shape a sustainable future and thrive in an increasingly sustainability-focused world.” In conclusion, while the road to comprehensive ESG adoption in Malaysia may still be challenging, it presents significant opportunities for SMEs that embrace sustainability. With government support, digital transformation, and a shift in mindset, Malaysian SMEs can position themselves

ESG, Lifestyle

ZALORA Highlights Climate, Circular Fashion Gains for Earth Day

SINGAPORE:  ZALORA, Asia’s leading fashion and lifestyle e-commerce platform under Global Fashion Group (GFG), has reaffirmed its sustainability commitment by sharing key achievements in climate action and circular fashion, in conjunction with Earth Day. In its latest People and Planet Positive Report, ZALORA outlined significant strides in lowering its environmental impact across Southeast Asia. In 2024, the company enhanced its logistics strategy by partnering with third-party last-mile providers that use hybrid vehicles, electric bikes, bicycles, and walking deliveries — supporting GFG’s 2030 target to work with providers that operate at least 50% low or zero-emission fleets. In Malaysia, ZALORA collaborated with the Malaysian Green Technology and Climate Change Corporation (MGTC), UNIDO, and partners Blueshark and RydeEv to pilot electric motorcycle deliveries. The company also made notable progress in packaging sustainability by using 100% RCS-certified recycled polyethylene flyers, responsibly sourced paper fillers, and recycled-content boxes. ZALORA has begun trials with paper packaging and implemented automation to reduce excess material in its fulfilment processes. These efforts led to ZALORA’s inclusion in the Singapore Alliance for Action (AfA) on Packaging Waste Reduction, co-led by the Singapore Manufacturing Federation and SingPost. In waste management, ZALORA diverted over 34,630 kg of garments from landfills through partnerships with organisations such as The Salvation Army, Life Line Clothing, and Tukar Tambah Celana. The initiative supports second-life use or upcycling of textiles, contributing to a growing circular economy. ZALORA employees across the region also recorded nearly 1,300 volunteering hours in 2024, engaging in causes from forest replanting and food waste rescue to animal welfare and community kitchens. “Sustainability isn’t just a commitment for us at ZALORA, it’s a shared journey with our customers, partners, and communities,” said Christopher Daguimol, Corporate Communications Director at ZALORA Group. “From driving climate action to promoting circular fashion, we’re proving that small steps lead to meaningful change.” ZALORA plans to expand its sustainable practices further throughout 2025, strengthening community collaborations and scaling impact-led innovations across its operations.

ESG

UOA and Alliance Bank Partner to Launch Green Financing Scheme for Duo Tower

KUALA LUMPUR: UOA Development Bhd (UOA) has entered into a strategic partnership with Alliance Bank Malaysia Berhad through the signing of a Memorandum of Understanding (MoU) to launch the Alliance Green Properties Financing for its latest commercial development, Duo Tower in Bangsar South. The initiative aims to promote the ownership of green-certified properties and support the broader vision of sustainable urban development. Duo Tower is the first commercial project to formalise an MoU under this green financing scheme, signalling a significant step forward in driving environmentally responsible real estate investments. As the newest addition to Bangsar South, Duo Tower features two sleek, biophilic-designed corporate towers rising over 30 storeys. Conceptualised by the township’s master developer, the project integrates sustainable features with modern aesthetics, reflecting a next-generation approach to workplace environments. This green financing solution is aligned with Alliance Bank’s Acceler8 strategy, which focuses on expanding property financing offerings to the consumer market. Under this scheme, eligible borrowers can benefit from preferential financing rates, making eco-conscious property ownership more attractive and attainable. “Duo Tower sets a precedent for green commercial development, and this collaboration with Alliance Bank highlights our mutual commitment to shaping a more sustainable urban landscape,” said a UOA spokesperson. For Alliance Bank, the partnership supports its broader ESG agenda, with the consumer banking division actively driving green property financing solutions and supporting the development of energy-efficient, ESG-certified residential and commercial projects. Beyond property ownership, the bank also sees this collaboration as a means to channel investments into wider community sustainability initiatives, including rainwater harvesting systems, green communal spaces, and affordable housing schemes with environmental features. For further details on this partnership, visit www.duotower.com.my or www.alliancebank.com.my.

ESG

Malaysia Forest Fund and Gold Standard Ink MoU to Advance High-Integrity Forestry Carbon Projects

The Malaysia Forest Fund (MFF) and Gold Standard have entered into a strategic partnership through the signing of a Memorandum of Understanding (MoU), marking a significant milestone in Malaysia’s efforts to enhance the integrity and global alignment of its forestry carbon initiatives. Held at the MFF headquarters in Putrajaya, the MoU exchange ceremony signifies a collaborative commitment to strengthen MFF’s institutional capabilities and support the development of a robust, high-quality national carbon credit framework. The agreement aims to align Malaysia’s Forest Carbon Offset (FCO) programme and Forest Conservation Certificate (FCC) with internationally recognised benchmarks under the Gold Standard for the Global Goals (GS4GG). Through this collaboration, Gold Standard will provide technical guidance and policy support to enhance MFF’s readiness and facilitate the implementation of high-integrity forestry projects. Key areas of focus include exploring alignment with international certification standards, raising awareness of Gold Standard’s procedures and infrastructure—particularly in relation to Article 6 of the Paris Agreement—and rolling out capacity-building activities such as targeted training sessions and stakeholder engagements. Dato’ Mohamed Shah Redza bin Hussein, Chief Executive Officer of MFF, emphasised the importance of the partnership in elevating the credibility of Malaysian forestry carbon projects on the global stage. “This MoU reflects our collective ambition to raise the standards of forestry carbon projects in Malaysia. We are honoured to partner with Gold Standard, whose reputation and rigour will significantly enhance our ability to deliver projects that are not only impactful but also credible in the eyes of the international market,” he said. He further highlighted the need for continued support from both federal and state governments, noting the MoU as a demonstration of shared commitment to environmental sustainability and Malaysia’s proactive role in global climate action. Margaret Kim, CEO of Gold Standard, also welcomed the collaboration. “Gold Standard is committed to supporting high-integrity carbon pricing mechanisms across a range of markets and compliance regimes. As Asian markets scale their climate ambitions, we are especially pleased to partner with Malaysia, whose leadership is helping to shape a credible and effective ASEAN carbon market,” she said. The partnership reinforces Malaysia’s aspiration to be a regional leader in sustainable forestry and carbon finance, and to position its forestry sector as a key contributor to national and international climate objectives.

ESG, News

The Exchange Asia and ESG Association Malaysia Seal Strategic Partnership to Launch ESG PLUS Awards 2025

KUALA LUMPUR:  Magnate Media Sdn Bhd, the media house of The Exchange Asia, has officially announced a strategic partnership with the ESG Association Malaysia (ESGAM) – launching the ESG PLUS Awards 2025. The signing ceremony, held on 16 April 2025 in Kuala Lumpur, was attended by media, industry leaders, and ESG advocates from across multiple sectors. This collaboration marks a pivotal milestone in Asia’s ESG journey, with ESGAM formally joining the initiative as the Strategic Advisory and Judging Partner. The partnership is set to elevate the ESG PLUS Awards as a regionally respected recognition platform, reinforcing credibility, transparency, and alignment with global ESG standards. A Regionally Credible ESG Benchmark The ESG PLUS Awards 2025 aims to celebrate and spotlight outstanding leadership and innovation across the Environmental, Social, and Governance (ESG) spectrum. With ESGAM’s thought leadership and strategic role in shaping the award framework and evaluation process, the awards are positioned to become a premier ESG recognition platform across Asia. Representing Magnate Media Sdn Bhd at the ceremony were its Executive Chairman, Dato’ Dr. Muhamad Iqbal Bin Mohamad, CEO, Michelle Lee, and Director, Jasmine Cheung — the driving force behind The Exchange Asia’s growing influence in the regional media and recognition landscape – covering news,  business and lifestyle stories, “This partnership is more than just a collaboration — it’s a commitment to accountability, inclusion, and long-term impact across Asia,” said Jasmine Cheung, Director of Magnate Media. “Through ESG PLUS, we aim to provide not just recognition, but a platform that challenges businesses to lead responsibly, engage meaningfully, and grow sustainably. With ESGAM as our strategic partner, we are confident in creating an avenue that will shape ESG discourse across the region.” “Being recognised for ESG is more than a badge of honour — it’s a call to continuous action and improvement,” said Adjunct Practice Prof. Cheah Kok Hoong, President of ESGAM. “The ESG PLUS Awards creates a necessary platform for benchmarking, learning, and inspiration across industries. As part of this initiative, ESGAM is proud to bring our council’s collective expertise to ensure the highest standards of integrity and impact are upheld. ESG is no longer a ‘nice to have’ — it is a business imperative. It is the foundation upon which sustainable growth, stakeholder trust, and long-term value are built. By recognising those who lead in ESG, we not only honour their efforts, but also encourage more organisations to embed responsible practices at the core of their operations.” ESGAM: A Council of Cross-Industry ESG Champions ESGAM brings together a diverse and influential council of professionals who are actively shaping ESG transformation across Malaysia and the region. Among its esteemed members that were present at the event were: Adjunct Practice Prof. Cheah Kok Hoong, President, ESGAM & Executive Chairman, SteerQuest Sdn Bhd Mr Jeffrey Ooi, Deputy President, ESGAM & Founder/Director, Fintech Qriocity Sdn Bhd Adjunct Prof. Rina Neoh, Secretary General, ESGAM & Managing Director, Ficus Group Capital Sdn Bhd Mr Harry Tan Hui Ann, Treasurer, ESGAM & Managing Director, Pan Kinetics Group Mr Tony Ooi Eng Hong, Vice President, ESGAM & Director, Greenpro Newfin Academy Sdn Bhd Mr Danny Lee, Vice President, ESGAM & Executive Director, E Tech IT Sdn Bhd Dato Eric Ku, Council Member, ESGAM & Executive Director, iTrain Asia Singapore Dr. Kevin Ho, Council Member, ESGAM & Business Development Manager, i-Chem Solution Sdn Bhd Mr Eric Chong, Honorary Advisor, ESGAM & Chairman of the Board, Boost Connect Mr Hong Kok Cheong, Vice President, ESGAM & Director, Strateq Group & Safeguards G4S Sdn Bhd Mr Chan Voon Jhin, Council Member, ESGAM & Chief Operating Officer, MMM Digital Sdn Bhd With representation from digital innovation, fintech, investment, green technologies, chemical engineering, and corporate governance, the ESGAM Council brings authoritative credibility and oversight to the ESG PLUS platform. Launching ESG PLUS into the Spotlight The official signing on 16 April 2025 also served as the public launch of the ESG PLUS Awards, with media invited to witness the formation of this material alliance. The platform is designed to attract participation from a wide spectrum of businesses — including public-listed companies, corporates, GLCs, NGOs, SMEs, startups, regional ESG-driven initiatives and even individual advocates. For public-listed companies and corporates, participating in the ESG PLUS Awards offers a unique opportunity to go beyond compliance and demonstrate real ESG leadership. ESG PLUS serves as a valuable platform to showcase measurable impact, share compelling ESG case studies, and position their brand as a forward-thinking, responsible organisation. In a market increasingly influenced by sustainability and stakeholder scrutiny, being recognised for ESG excellence enhances investor confidence, attracts talent, strengthens stakeholder trust, and sets a benchmark for others to follow. Through transparent evaluation and high-level visibility, the ESG PLUS Awards enables businesses to tell their ESG story with authenticity, celebrate progress, and inspire collective action across industries. With endorsement from ESG Association Malaysia and strategic support through The Exchange Asia, the programme is set to be a public stage for recognising those who are truly making a difference. Looking Ahead Nominations for the ESG PLUS Awards 2025 are now open, with the awards gala scheduled for September 2025. Through The Exchange Asia, Magnate Media will continue to champion purposeful content, high-level industry dialogues, and recognition programmes that matter.

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