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ESG

ESG

Vale And Petrobras Announce A Partnership To Test Fuel With Renewable Content

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KUALA LUMPUR:  Vale and Petrobras, through Petrobras Singapore, have announced a commercial partnership to supply a ship chartered by the mining company with Very Low Sulfur (VLS) B24, a marine fuel with 24% second-generation biodiesel. In collaboration with the company Oldendorff Carriers, the bulk carrier Luise Oldendorff was fueled in Singapore, on 04/22/2025, for testing purposes. The product was formulated by Petrobras Singapore (PSPL) itself in its locally leased tanks, by blending 76% fossil fuel oil from the refineries of the Petrobras System and 24% UCOME, a biofuel originating from the processing of used cooking oil (UCO), purchased in the region. Petrobras Singapore has the ISCC EU certification, which guarantees that its product meets the strict sustainability criteria, a requirement that accompanies the entire biofuel logistics chain involved in this process. The biobunker test continues the strategic partnership between Petrobras and Vale, which provides for the supply of products focused on competitiveness and the advancement of the decarbonization agenda. “We are developing increasingly sustainable fuels and honoring our commitment to decarbonize our activities. The partnership with Vale is another achievement of Petrobras’ goal of improving the company’s production capacity and logistics structure, to deliver greener products to the market and reinforce our decarbonization strategy”, says Petrobras president Magda Chambriard. “Vale has a firm commitment to promote the decarbonization of its operations. In this context, our shipping area has evaluated several scenarios to reduce GHG emissions in maritime transport, which includes the development of multi-fuel solutions for new and existing ships that transport our products globally. Petrobras is a very important partner in this process,” says Vale’s CEO, Gustavo Pimenta. The tests with alternative fuels on ships chartered by Vale are part of a series of initiatives by the mining company to foster and support decarbonization in global maritime transport, in line with the International Maritime Organization (IMO) emission reduction targets. Vale has a goal of reducing its scope 1 and 2 emissions by 33% by 2030. The company has also committed to a 15% reduction in scope 3 emissions by 2035, related to the value chain, of which most emissions from shipping are part. For Petrobras, the commercialization of the bunker with renewable content is in line with the strategy of developing and offering new products, towards a low-carbon market, and innovating to generate value for the business, enabling solutions in new energies and decarbonization. The company’s 2025-2029 Business Plan foresees an investment of US$ 16.3 billion in energy transition initiatives, encompassing, in addition to Low Carbon Energy projects, projects for the decarbonization of operations and Research and Development (R&D) that permeates all segments. This volume represents 15% of the total CAPEX forecast for the five-year period (against 11% on the previous plan) and an increase of 42% compared to the previous plan. 

ESG, News

Asia’s hospitality sector finds balance between opulence and sustainability says Hong Kong’s leading tourism expert

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HONG KONG : Sustainable tourism has evolved from niche market to mainstream aspiration, with profound implications for how travellers, businesses, and destinations approach hospitality, according to Professor Lisa Wan, Associate Professor at the School of Hotel and Tourism Management, The Chinese University of Hong Kong (CUHK) Business School.     Speaking at the Economist Impact’s 4th annual Sustainability Week Asia held in Bangkok in March, Professor Wan highlighted how post-pandemic tourism patterns have accelerated sustainability concerns. “The sudden post-COVID tourist influx overwhelmed many destinations, revealing tourism’s hidden costs—overtourism, waste, and strain on local resources,” Professor Wan explained. “As we continue to travel, we must do so sustainably so that the environment and communities we experience today will welcome the next generation.” The Psychology of Tourist Behaviour One of Professor Wan’s key research findings centres on what she calls “psychological distance” in tourist settings. Her studies reveal that travellers often behave less environmentally responsibly when away from home. “Tourists tend to misbehave and act less environmentally friendly due to psychological detachment from the destination,” Professor Wan noted. “They perceive travel destinations as ‘not their home,’ reducing their sense of responsibility.” Her research suggests that closing this psychological gap through meaningful local interactions can significantly improve tourist behaviour. “Something as simple as residents warmly engaging with visitors through a smile can foster a sense of belonging and responsibility,” she said. “Cultural experiences that connect tourists with local heritage and traditions also lead to greater environmental empathy.” Professor Wan cited examples like Hong Kong’s promotion of in-depth cultural tourism and Japan’s Satoyama village experiences, where visitors participate in traditional rural lifestyles. Studies show participants in such immersive experiences are more likely to adopt sustainable behaviours like reducing waste and respecting natural environments. Redefining Luxury Contrary to perceptions that sustainability compromises luxury, Professor Wan’s research indicates that environmental responsibility can actually enhance premium hospitality experiences. “Luxury is shifting from excess to quality over quantity,” she explained. “While often associated with cost-cutting, ‘going green’ is actually about value-adding and investing in the future.” She pointed to Six Senses Resort as an example of ultra-luxury seamlessly integrating sustainability by using locally sourced materials while maintaining world-class aesthetics. Instead of extravagance, guests enjoy organic farm-to-table dining and nature excursions powered by renewable energy. Interestingly, Professor Wan’s research reveals that high-status consumers often prefer eco-friendly hotels to enhance their public image, creating a powerful market incentive for sustainable practices. Cultural Differences in Eco-Messaging Hotels seeking to attract eco-conscious guests should tailor their messaging appropriately, according to Professor Wan’s findings. “Different types of eco-conscious travellers respond to different sustainability information,” she noted. “Asian and younger travellers care more about actual practices adopted by hotels, while eco-certifications work better for Western and more mature travellers.” To benchmark progress, CUHK Business School has developed the Hotel Sustainability Index for the Greater Bay Area, creating industry-wide competition for greener operations. Professor Wan reports that sustainability scores have improved over time, reflecting growing commitment to environmental responsibility. The Future of Sustainable Tourism For Thailand and other Southeast Asian destinations heavily dependent on tourism, Professor Wan emphasises that sustainable approaches need not sacrifice economic benefits. “Sustainable tourism is about achieving harmony between environmental protection, social responsibility, and economic viability,” she concluded. “The future of tourism depends on embracing responsible practices that benefit both travellers and local communities.”

ESG, News

GumGum’s Ads Are Up to 90% More Carbon Efficient

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Singapore : GumGum, a contextual-first, global digital advertising platform, today announced its industry-leading carbon efficiency in digital advertising, achieving an overall impression intensity of just 0.48 grams of CO2e per impression—significantly outperforming the industry benchmark of 2.45 grams per impression, a score calculated as a 50/50 split between programmatic and direct buy types. Through its continued partnership with Cedara, the Carbon Intelligence Platform and a leader in media decarbonization, GumGum remains at the forefront of sustainability in adtech. Here’s how GumGum stacks up in different areas of digital advertising: In programmatic advertising (ads placed through automated digital auctions), GumGum generates 0.67 grams of CO2 per impression, compared to the industry benchmark of 4.24 grams—meaning GumGum’s carbon footprint is nearly 85% more efficient than typical programmatic ads. In direct advertising (ads placed directly with a publisher, rather than through an automated auction), GumGum is even more efficient, generating just 0.06 grams of CO2 per impression—90% more efficient than the industry benchmark of 0.66 grams. For video ads, GumGum’s intensity scores are also considerably more efficient than industry benchmarks. For programmatic video, GumGum scores at 1.74 grams per impression versus the industry benchmark of 4.83. For direct video, GumGum scores at 1.03 grams per impression versus the industry benchmark of 1.25. “Sustainability in digital advertising isn’t a future goal—it’s something we’re delivering today,” said Kara Petrocelli, Senior Director of Platform Operations at GumGum. “We’re proving that brands and publishers don’t have to compromise between performance and sustainability. By optimizing bidstream efficiencies and data centers, removing certain inventory type classifications like MFAs, and embracing contextual solutions, we’re not just reducing emissions—we’re setting a new standard for responsible advertising.” GumGum’s carbon footprint is measured according to the Global Media Sustainability Framework (GMSF), the standardized methodology for media emissions measurement, released in June 2024 by the World Federation of Advertisers (WFA) and Ad Net Zero. Unlike previous methodologies, the GMSF provides a holistic, granular, and consistent approach, ensuring more accurate and comprehensive carbon reporting. Cedara, a founding supporter of Ad Net Zero US and a member of IAB Europe led the measurement process, calculating GumGum’s carbon intensity values by leveraging the GMSF. The same methodology was applied to calculate industry benchmarks, offering an apples-to-apples comparison. “The advertising industry is increasingly shifting toward more sustainable media practices, and GumGum is setting a powerful example of what’s possible,” said Eric Shih, Chief Operating Officer at Cedara. “GumGum has achieved one of the lowest carbon intensities we’ve seen in digital advertising. Their ability to reduce emissions by 90% compared to industry benchmarks demonstrates how data-driven decision-making can drive both sustainability and business success.” As sustainability continues to be a top priority for brands and advertisers, GumGum remains committed to advancing contextual solutions that reduce environmental impact without sacrificing performance. By aligning with global industry standards and optimizing ad delivery, GumGum is paving the way toward a lower and more efficient carbon future for the digital advertising industry. GumGum continues to further investigate ways to drive more sustainable advertising solutions, including developing science-based emissions reduction targets as part of the Science Based Targets initiative (SBTi).

ESG

PepsiCo Spotlights Sustainable Innovation with 2025 Greenhouse Finalists

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KUALA LUMPUR:  PepsiCo has announced the 10 startup finalists for the third edition of its Greenhouse Accelerator Program in Asia Pacific — a bold initiative to fast-track innovation across sustainable agriculture, the circular economy, and climate action. These early-stage startups will benefit from expert mentorship, access to PepsiCo’s networks, and the opportunity to pilot their solutions in real-world market conditions, helping scale commercially viable innovations that can strengthen resilience and sustainability across the food and beverage value chain. GHAC has grown into a key platform for advancing sustainable innovation across Asia Pacific. Each edition sharpens its focus on regional priorities — from promoting regenerative farming practices and increasing soil efficiency to scaling low-carbon solutions in packaging and logistics. What sets the program apart is its partnership-driven model, enabling entrepreneurs to refine their solutions alongside PepsiCo experts, pilot in real-world settings, and explore practical pathways to scale within the food and beverage value chain. “Now in its third edition, the Greenhouse Accelerator is becoming a powerful platform for surfacing promising ideas that respond to some of the most urgent sustainability challenges in Asia Pacific,” said Anne Tse, Chief Executive Officer, PepsiCo Asia Pacific (APAC). “From climate resilience to circular packaging and smarter agriculture, we’re seeing bold thinking that is both locally grounded and globally relevant. We’re excited to back these early-stage innovators and learn from them as we explore ways to scale practical solutions across our value chain. Each edition strengthens our ecosystem of changemakers, and we look forward to what this year’s finalists will unlock—not just during the program but well beyond it.” Meet the 2025 Greenhouse Accelerator APAC Finalists (Details in Appendix 1.0 below): Calyx.eco (Australia) Endua (Australia) Beijing AIForce Technology Co. Ltd. (China) Beijing Phabuilder Biotechnology Co. Ltd. (China) Guangdong Databeyond Technology Co. Ltd. (China) Service Enviro SCAD Inc. (China) Shanghai Electric Group Co. Ltd. Central Academe (China) Bali Waste Cycle (CV Bakti Bumi Berseri) (Indonesia) Circular Unite (Singapore) DEEGOLABs Inc (South Korea) Despite their varied focus areas — from waste management and agriculture to renewable packaging and clean energy — this year’s startups are united by a shared commitment to innovation and system-level change. The 2025 cohort demonstrates how emerging technologies — including AI-powered lifecycle assessments, precision agriculture, mobile recycling, and molten salt energy storage — are being applied to reduce environmental footprint and improve sustainability outcomes across traditional systems. These startups are building practical, scalable tools that reduce environmental pressure and help accelerate resource-efficient progress across sectors like food, energy, and waste.   Many of this year’s finalists also hope to tackle social and economic challenges through inclusive job creation and community empowerment. Hailing from Australia, China, Indonesia, Singapore, and South Korea, the finalists will each receive a USD20,000 grant and gain access to PepsiCo’s global ecosystem of experts and go-to-market resources. Finalists will also benefit from tailored mentorship and learning modules from PepsiCo executives and leading business acceleration specialists to help overcome growth challenges, refine business strategies, and scale up their market-ready solutions. At the end of the program, the winning startup will be awarded an additional USD100,000 to scale its innovation further.   Since its launch, GHAC has awarded over USD1 million in grants, launched 16 pilots across APAC, and contributed to pilots and innovation partnerships that have taken place across more than 11 manufacturing sites and farms. Globally, the Greenhouse Accelerator has supported 112 companies and engaged more than 200 mentors. Approximately 80% of participating startups have successfully secured additional incremental funding following the program, underscoring its impact in accelerating sustainable innovation. Standouts include 2024 and 2023 program winners Alternō and Powered Carbon, along with finalists X-Centric and Enwise, who are partnering with PepsiCo beyond the accelerator program. PepsiCo recognises that the long-term success of its business is closely tied to the health of the planet, resilient food systems, and thriving communities. Over the past two years, GHAC has expanded its innovation ecosystem — welcoming new strategic partners and deepening its reach across the region. As a collaborative platform, the program brings together entrepreneurs, corporations, and communities to scale solutions that drive meaningful environmental and commercial impact. This edition is made possible with the support of partners, including Suntory PepsiCo Beverages Thailand, Suntory PepsiCo Beverages Vietnam, GC Ventures, Circulate Capital, CM Venture Capital, GRC Sino GreenFund, and Plug and Play — extending the program’s role in shaping a growing regional network of innovators.

ESG

Malaysia Eyes Strategic ESG Partnerships in Energy Sector During Turkiye Visit

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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

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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

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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

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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

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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

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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

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