ESG

ESG

Scoot Celebrates International Women’s Day with All-Female Crew on Special Flight

SINGAPORE : In a powerful statement on gender diversity in aviation, Scoot, the low-cost subsidiary of Singapore Airlines (SIA), operated a special flight TR676/677 from Singapore to Chiang Mai and back with an all-female crew in celebration of International Women’s Day. The flight was led by Captain Vanessa Khaw and First Officer Robyn Alexander, supported by a dedicated cabin crew including Malaysian crew member Siti Zubaidah, who has been with Scoot for over six years. Reflecting on her journey, Siti shared, “My journey at Scoot has been one of growth and inspiration. With great mentors and a supportive team, I’ve learned that with passion and determination, women can soar to great heights in aviation and beyond.” The initiative highlights the increasing presence of women in aviation, an industry traditionally dominated by men. As the world marks International Women’s Day, Scoot reaffirms its commitment to fostering an inclusive environment where individuals of all genders can thrive and achieve their aspirations in aviation.

ESG

MVGX & World FZO Partner to Boost Sustainability in Free Zones

SINGAPORE: MVGX Tech Pte Ltd (MVGX), a subsidiary of Alpha Ladder Group and a leader in sustainability solutions, and the World Free Zones Organization (WFZO), the global body representing 1,600 free zones and industrial parks, have signed a landmark agreement to accelerate sustainability adoption across Free Zones worldwide. Through this collaboration, Free Zones will gain access to internationally recognised sustainability frameworks, enabling them to implement robust sustainability management systems and attain the Sustainable Industrial Park (Free Zone) Certification, a key benchmark for green industrial park development. Aligned with ISO 37101, the Management System for Sustainable Development in Communities, and PAS IP 8848, the framework for Sustainable Industrial Park management systems, this initiative underscores a commitment to fostering sustainable, future-ready industrial ecosystems. The signing ceremony in Dubai signals a major push towards sustainable transformation, as Free Zones worldwide move to align with global environmental, social, and governance (ESG) standards and future-proof their operations. Helping Free Zones Achieve Global Sustainability Standards As part of this partnership, MVGX and WFZO will champion the adoption of the Sustainable Industrial Park (Free Zone) Standard (PAS 8848:2024), encouraging WFZO members to integrate structured sustainability practices within their operations. To facilitate this, MVGX will provide capacity-building programs, consulting services, and hands-on certification support, equipping Free Zones with the expertise needed to implement effective sustainability management systems. The initiative will also help Free Zones secure dual certification in ISO 37101 (Sustainable Development in Communities) and PAS IP 8848 (Sustainable Industrial Park Free Zone Standard), reinforcing their commitment to globally recognized sustainability benchmarks. Defining the Path to Sustainability: WFZO and MVGX’s Roles Under this partnership, WFZO will take the lead in promoting the Sustainable Industrial Park (Free Zone) Standard across its global network, encouraging Free Zones to integrate sustainability into their operations. It will organize capacity-building events and workshops, providing Free Zones with the knowledge and resources needed to participate in the certification process. Additionally, WFZO will serve as the key liaison between MVGX and Free Zones, ensuring seamless communication and coordination. MVGX, on the other hand, will drive the technical execution by developing specialized training programs, sustainability assessments, and improvement roadmaps for Free Zones. It will provide hands-on consulting, guiding Free Zone teams through gap analyses, sustainability project implementation, and certification preparation. From documentation support to third-party certification reviews, MVGX will ensure Free Zones meet globally recognized sustainability standards. Why This Matters to Free Zones and the Global Economy Free Zones and Industrial Parks play a critical role in global trade, contributing to economic growth, industrial development, and cross-border commerce. However, as sustainability becomes a defining factor in investment decisions, supply chain partnerships, and regulatory compliance, Free Zones that do not embrace sustainability risk falling behind. Ms Lily Hong, Chief Executive Officer and Co-Founder of MVGX, emphasized the importance of the partnership, stating, “This agreement underscores our shared commitment to sustainability in industrial zones. By leveraging MVGX’s expertise in sustainability consulting and WFZO’s extensive global network, we aim to provide Free Zones with the necessary tools and guidance to achieve internationally recognized sustainability certifications. This partnership is a critical step in accelerating the transition to greener industrial practices worldwide.” “This collaboration marks a significant step toward integrating carbon markets within free zones, enabling enterprises to actively participate in global carbon reduction efforts,” said Dr. Samir Hamrouni, Chief Executive Officer of World Free Zones Organization. “By establishing unified carbon credit standards and digital trading systems, we are fostering a more sustainable and economically resilient future for free trade zones worldwide.” This partnership between MVGX and WFZO provides Free Zones with a clear roadmap to sustainability compliance, strengthening their appeal to global investors and businesses. By offering direct access to cutting-edge sustainability knowledge and best practices, it empowers Free Zones to future-proof their operations while aligning with global ESG regulations. With sustainability now shaping the future of trade, this collaboration ensures Free Zones remain competitive, resilient, and positioned for long-term success.

ESG

Senior Aerospace UPECA and DHL contribute to more sustainable air freight with SAF

KUALA LUMPUR: Senior Aerospace UPECA, a subsidiary of Senior plc and a leading manufacturer of high-tech components and systems, has signed an agreement with DHL Express to adopt the GoGreen Plus service. This partnership enables UPECA to invest in sustainable aviation fuel (SAF), cutting up to 30% of carbon emissions from its time-definite international shipments. “At UPECA, we believe SAF is one of the most promising solutions for decarbonizing long-haul flights,” said Kavan Jeet Singh, Chief Executive Officer of UPECA. “It is compatible with existing aircraft, making it a viable option to accelerate the transition towards sustainable aviation. We are excited to partner with DHL Express through GoGreen Plus and contribute to the growth of a commercially viable market for renewable energy.” GoGreen Plus is the only solution in the global express logistics industry that allows customers to use SAF to reduce their Scope 3 emissions—indirect greenhouse gas emissions from supply chain activities. Derived from sustainable feedstocks like used cooking oil and other residues, SAF can lower lifecycle carbon emissions by approximately 80% compared to conventional jet fuel. UPECA’s subscription to GoGreen Plus applies across its international trade lanes, covering key markets in Europe and North America. This move aligns with growing concerns about aviation’s impact on global emissions. According to the International Energy Agency, aviation has been the fastest-growing source of CO₂ emissions in transport over recent decades, surpassing rail, road, and sea travel. The push for SAF adoption is critical to achieving the International Air Transport Association’s (IATA) goal of making SAF 50% of global aviation fuel consumption by 2050. “SAF is a key driver in creating cleaner air mobility, but scaling its production and adoption remains a challenge,” said Julian Neo, Managing Director of DHL Express Malaysia and Brunei. “Having UPECA onboard reflects the growing commitment among businesses to explore innovative pathways for a green transition. These partnerships are vital in making SAF more accessible and affordable at the speed required to address today’s climate challenges.” Launched in 2023, GoGreen Plus is made possible through strategic partnerships with bp and Neste to procure up to 800 million liters of SAF, along with an agreement with World Energy to purchase up to 668 million liters via sustainable aviation certificates. With air freight accounting for approximately 70% of DHL Group’s carbon footprint, sustainable air transport solutions remain a priority in its mission to drive low-emission logistics.

ESG

Give Back this Raya through #TOPBerkongsiRezeki

KUALA LUMPUR: Hari Raya celebration is the annual key practice of Zakat-alFitr, a charitable donation given to those in need to ensure everyone can partake in the festivities regardless of their financial circumstances. It demonstrates the spirit of compassion and solidarity among Muslims, with many supporting those less fortunate, strengthening the sense of community and togetherness. In line with this act of kindness, TOP, the No.1 detergent brand in Malaysia1 proudly launches the #TOPBerkongsiRezeki campaign, which will run exclusively at MYDIN from 1st March to 31st April 2025. This heartfelt initiative aims to provide Raya celebrants the opportunity to give sadaqah (voluntary charity), which holds a special significance during the holy month of Ramadan, as it is believed the rewards for good deeds are multiplied during this blessed month. As such, celebrants are encouraged to engage in various forms of charity, including Raya necessity to those in poverty and offering financial assistance to those in need. #TOPBerkongsiRezeki hopes to gather help from generous Malaysians to support underprivileged communities through a combination of cash donations, product contributions, and social engagement proceeds. These charitable contributions will ensure children, women, and families in need are being taken care of during this festive season.   During the campaign period, RM0.10 from each purchase of TOP detergent at MYDIN will be donated to charitable organizations, such as MYDIN Prihatin, Rumah Aman Children’s Home and Rumah Safiyyah. Total funds raised will be distributed as RM20,000 in cash, plus RM2,000 worth of TOP products will be given to charity homes and shelters.   Additionally, TOP will donate RM0.50 for every ‘like’ clicked for TOP Silky Miracle video on the brand’s Malaysia Facebook. This initiative aims to drive more awareness and participation in this meaningful campaign to support those in need. Link : https://www.facebook.com/TOPdetergentMY

ESG, News

CIMB Pledges RM3.6 Million to Empower 9,000 PPR Residents

KUALA LUMPUR: CIMB Group has reaffirmed its commitment to community empowerment with a RM3.6 million pledge over two years, aimed at improving the livelihoods of 9,000 residents across several People’s Housing Projects (PPR) in the Klang Valley. Through a comprehensive approach, the initiative focuses on education, skills training, and sustainable economic opportunities to create lasting social impact. Under CIMB Foundation, the initiative seeks to enhance literacy, numeracy, and graduation rates among students from B40 families by providing free tuition. By removing financial barriers to education, CIMB is ensuring that more children have the opportunity to excel academically and secure brighter futures. To drive economic empowerment, CIMB Islamic has introduced various programmes to nurture entrepreneurship and self-sufficiency. Program Keusahawanan 7.0, iTEKAD Rider Entrepreneur, MicroBizReady, and Sewing Skills Upskill Training equip aspiring business owners with the knowledge, tools, and financial resources needed to establish and grow their ventures, particularly in the gig economy and micro-business sectors. Recognising the immediate needs of vulnerable communities, CIMB is also providing essential aid through the Food Basket Programme, ensuring low-income households have access to nutritious meals. Furthermore, the Back to School programme supports students by supplying school essentials and uniforms, easing financial burdens on families as they prepare for the academic year.   As part of its mission to inspire and motivate, CIMB also organised KITA BAGI JADI, a motivational sharing session featuring Malaysia’s cycling legend, Dato’ Azizulhasni Awang, aimed at instilling resilience and ambition among young Malaysians. By addressing both immediate needs and long-term development, CIMB continues to drive meaningful change, reinforcing its role as a catalyst for social progress and economic resilience within underserved communities.

ESG, News

Etihad Airways Named Official Global Airline Partner of BWF

KUALA LUMPUR: Etihad Airways, the national airline of the United Arab Emirates, serves up an exciting new partnership with the Badminton World Federation, commencing in the 2025 season. As the exclusive Official BWF Global Airline Partner from 2025, Etihad will be present at prestigious BWF World Tour events as well as the BWF World Tour Finals, BWF World Championships, BWF Sudirman Cup Finals, and BWF Thomas & Uber Cup Finals. Arik De, Chief Revenue and Commercial Officer at Etihad Airways, said: “We are excited to welcome the Badminton World Federation to our global sports sponsorship portfolio. Badminton’s growing popularity around the world, and in particular across Asia, aligns perfectly with Etihad’s expanding network as we prepare to welcome 13 new destinations in 2025. “We value the opportunity to partner with sporting events and teams throughout the world and leverage the power of sports in uniting communities. With successful partnerships across a number of countries, we are able to reach viewers and fans spanning all corners of the globe, and we look forward to engaging with badminton fans worldwide in 2025,” De continued. “Our partnership with Etihad Airways marks a significant milestone for BWF as we align with a global leader in air travel,” said Thomas Lund, BWF Secretary General. “Badminton’s global reach continues to grow, particularly in Asia, where it is a cherished sport and Etihad’s extensive network in the region and beyond creates an excellent synergy with our goals. Together, we aim to elevate the sport’s visibility, engage fans worldwide and deliver unforgettable experiences at our premier tournaments. “Etihad Airways’ dedication to fostering connections through sports mirrors our commitment to uniting people through badminton’s universal appeal. From the Sudirman Cup to the World Tour Finals, this collaboration promises to enhance the fan experience, not just for those attending events but for millions following globally. We are excited to embark on this journey with Etihad Airways and look forward to an impactful partnership beginning in 2025.” As part of this partnership, Etihad will engage with fans of the popular sport at 21 tournaments taking place across 14 countries. Etihad will bring elements of its world-renowned Emirati hospitality and engaging experiences to fans attending the key tournaments. In addition, Etihad will create engaging digital content to connect with the wider global badminton community. Etihad and the BWF celebrated its exciting new partnership with a launch function at BWF Headquarters in Kuala Lumpur, Malaysia on Friday 10 January 2025. Speaking at the event were Dr. Nadia Bastaki, Etihad Chief People & Corporate Affairs Officer, and Thomas Lund, BWF Secretary General. Also present were star badminton players Lee Zii Jia of Malaysia and Alex Lanier of France. On Saturday 11 January 2025, Dr. Nadia Bastaki and BWF Deputy President, Khunying Patama Leeswadtrakul, announced the partnership to fans at the PETRONAS Malaysia Open 2025 at Axiata Arena. This strategic collaboration solidifies Etihad’s commitment to Asia, where it serves 28 cities with seven additional destinations launching in 2025, including Chiang Mai, Hanoi, Hong Kong, Krabi, Medan, Phnom Penh, and Taipei. The agreement between Etihad Airways and BWF was made in collaboration with BWF’s global commercial agency, Infront.

ESG, News

Heidelberg Materials Malaysia Cementing a Sustainable Tomorrow

Heidelberg Materials Malaysia, formerly known as Hanson HeidelbergCement Malaysia, has embarked on a rebranding journey, marking a pivotal milestone in its history. With a new name and an invigorated purpose, the company reaffirms its standing as Malaysia’s leading producer of high-quality construction materials while championing sustainability and cutting-edge innovation. This evolution highlights the company’s unwavering commitment to operational excellence, supported by over three decades of deep involvement in Malaysia’s construction infrastructure. Heidelberg Materials Malaysia’s new identity reflects its forward-thinking vision to lead the sector in driving sustainable development, all while continuing its legacy of quality, reliability, and innovation. Quality and Market Leadership Since 1992, Heidelberg Materials Malaysia has established itself as the leading producer of high-quality aggregates, asphalt, and ready-mixed concrete in the country. The company operates an extensive network of 16 strategically located quarries in addition to 17 asphalt plants, and 42 ready-mixed concrete plants. This robust and efficient infrastructure has supported landmark projects such as the Petronas Twin Towers, the Penang Second Bridge, and the Mass Rapid Transit (MRT) system in Kuala Lumpur and Selangor, underscoring its pivotal role in Malaysia’s growth and economic development. The construction materials industry is a fiercely competitive sector, driven by rapid urbanisation and increasing demand for sustainable solutions, even during challenging economic cycles. Over the decades, Heidelberg Materials Malaysia has navigated rising material costs, increasingly stringent environmental regulations, and evolving customer expectations to remain ahead. The company has not only weathered the industry’s challenges with resilience but thrived by setting itself apart with a renewed focus on leading the market into a greener, more innovative era. This rebranding aligns Heidelberg Materials Malaysia’s core values with that of its global parent company, further enhancing its capacity to deliver advanced solutions tailored to supporting local requirements while holistically adopting global best practices. Dan Ahern, Managing Director of Heidelberg Materials Malaysia said: “This rebranding marks a defining moment for Heidelberg Materials Malaysia. Sustainability and innovation are now the foundation of every aspect of our daily operations. By combining our global expertise with adeep understanding of domestic needs, we are formulating transformative solutions that will positively impact our customers, communities, and the environment.” Advancing Sustainability Sustainability is integral to Heidelberg Materials Malaysia’s core strategy. As a pioneer in green innovation, the company has introduced industry-leading products such as evoBuild™ Low Carbon Concrete, which achieves up to 40% carbon dioxide reduction and carbon emissions when compared to traditional materials. This product, certified by Malaysia’s official green certification body, MyHIJAU, exemplifies how the company plays a pioneering leadership role in sustainable construction. “We are setting new standards in the industry by embedding sustainability into all aspects of our processes,” added Mr. Ahern. “Our low-carbon solutions and use of recycled materials directly empower our customers to make environmentally responsible choices without compromising on quality and reliability.” At the heart of its success lies its unwaveringly dedicated workforce. The company has invested in continuous training, career development programs, and workplace safety initiatives, ensuring its employees thrive in a supportive and forward-thinking environment. By fostering streamlined process flows and a culture of collaboration and consistency, stakeholders and teams are empowered to drive meaningful change within the organisation and the broader industry. Collaborative Growth and Global Market Opportunities Heidelberg Materials Malaysia’s success is rooted in strong partnerships with regulatory bodies, research institutions, and its clientele. These collaborations foster innovation while delivering tailored solutions that meet specific project requirements. With an extensive footprint across Malaysia, the company is well-positioned to capitalise on opportunities in key sectors, including infrastructure projects, coveted residential developments, and green building initiatives. The company’s large-scale focus includes highways, bridges, and commercial developments, in line with the increasing demand for sustainable urban housing. By prioritising environmentally friendly construction materials, Heidelberg Materials Malaysia supports Malaysia’s vision of accelerating green development. Through integration with Heidelberg Materials’ global network, the company accesses a wealth of technical knowledge, case studies, and advanced proprietary technologies. This cross-border synergy allows Heidelberg Materials Malaysia to deliver world-class solutions that comply with local regulations and address specific customer needs in a bespoke yet structured manner. Its commitment to delivering quality, sustainable solutions cements its position as a trusted partner in the construction industry overall. This rebranding symbolises Heidelberg Materials Malaysia’s readiness to lead the nation into a greener, more innovative era of construction, building a better future for generations to come. The rebranding enhances Heidelberg Materials Malaysia’s appeal by aligning with the values of environmentally conscious customers while reinforcing its competitive edge and core competencies. The company’s proven track record, extensive expertise, and dedication to innovation ensure that its current portfolio of clients views Heidelberg Materials Malaysia as a strategic partner in their success. By aligning localised operations with global sustainability goals, the company demonstrates its readiness to lead Malaysia’s construction industry toward a sustainable and innovative future. For more information about Heidelberg Materials Malaysia and its innovative solutions, please visit https://www.heidelbergmaterials.my/.

ESG, The Executives

Syed Muhammad Gadaffi Transforms Wellness with Sound

In an era where wellness is becoming increasingly important, Syed Muhammad Gadaffi Al Habsyi, the driving force behind JMD Wellness, has been revolutionising the field with a unique approach centered on sound therapy. His journey from personal healing to becoming a prominent figure in holistic health offers profound insights into the power of sound as a therapeutic tool. The Birth of JMD Wellness: A Personal Healing Journey After suffering a debilitating stroke in 2018 that left him paralyzed on the left side of his body, Syed Muhammad Gadaffi turned to sound therapy, a practice he had previously dabbled in. “To my and my doctor’s surprise, it completely healed me from my stroke in the shortest possible time,” he recalls. This transformative experience not only restored his health but also ignited a passion to share the method with others through JMD Wellness, making sound therapy the cornerstone of his wellness journey. Embracing Alternative Healing Syed Muhammad Gadaffi’s journey into alternative healing was deeply influenced by figures like Joe Dispenza, who extolled the benefits of sound and meditation. He emphasises, “The core principle of our approach to mental wellbeing is by looking inwards rather than external factors in determining the success of life.” At JMD Wellness, the focus is on cultivating thoughts and beliefs within the mind through sound therapy in meditation, a process that promotes profound internal transformation. JMD Wellness’s retreats are meticulously designed to offer a luxurious experience alongside therapeutic healing. Spanning three days and two nights, these retreats are hosted in serene natural settings, far from the city’s hustle and bustle. Participants enjoy thoughtfully curated healthy meals that complement the holistic experience, blending comfort, indulgence, and educational courses in natural surroundings to foster personal growth and relaxation. This unique combination ensures that clients leave not only rejuvenated but also equipped with tools to enhance their lives. Breaking through misconceptions about sound therapy has been one of JMD Wellness’s significant challenges. Many people mistakenly associate it solely with relaxation, but as Syed Muhammad Gadaffi explains, “Our approach is much deeper, focusing on empowering individuals to transform their lives from within.” JMD Wellness has dedicated considerable effort to spreading awareness of its philosophy and methods through online platforms and social media, aiming to educate and engage the public in a deeper understanding of sound therapy’s transformative potential. Strategic Partnerships and Industry Impact Collaborations with institutions like Hospital Kulim Kedah and various universities have been pivotal in expanding JMD Wellness’s reach and credibility within the health industry. These partnerships have led to invitations from corporations to conduct courses for their employees, shifting JMD Wellness’s focus to larger audiences. The research conducted on their work provides a solid foundation, building trust and demonstrating tangible benefits. “These collaborations have been transformative for our business, helping us to reach more people and showcase the real-world impact of our approach,” notes Syed Muhammad Gadaffi. Establishing Leadership in Sound Therapy JMD Wellness’s strategy to become a leader in sound therapy centers on three main pillars: innovation, education, and impact. “We aim to continually innovate by refining our programs for deep personal transformation,” says Syed Muhammad Gadaffi. By educating through accessible content and showcasing measurable impact, JMD Wellness positions itself as a thought leader in the field, continually evolving to meet the needs of its clients and the broader wellness industry. Tailoring to Diverse Audiences JMD Wellness’s services are meticulously tailored to meet the unique needs of both individuals and corporate clients. For individuals, personalized assessments are conducted before the retreat to address specific challenges. “We take a highly personalized approach to ensure that each participant receives the support and guidance they need,” explains Syed Muhammad Gadaffi. For corporate clients, tailored programs are designed to address organizational challenges, focusing on improving employee well-being and fostering a healthier work environment. This dual approach allows JMD Wellness to cater to a broad spectrum of needs, from personal to professional development. In the competitive wellness market, JMD Wellness distinguishes itself with a scientific, results-driven approach. “We go beyond relaxation to address the root causes of stress, helping individuals create lasting change,” explains Syed Muhammad Gadaffi. By blending practical education with the healing power of sound and nature, JMD Wellness’s retreats and corporate programs offer a unique proposition that sets them apart from competitors, emphasizing measurable outcomes and lasting transformation. Looking ahead, Syed Muhammad Gadaffi envisions sound therapy becoming a mainstream practice in Malaysia. JMD Wellness aims to establish its own academy and retreat center, integrating sound therapy into institutions such as hospitals, schools, and universities. “Our long-term goal is to make sound therapy accessible to all, bringing its benefits to various sectors of society,” he says, highlighting the potential for sound therapy to become a cornerstone of holistic health in the country. Sound Therapy in Corporate Wellness Sound therapy has a significant role in enhancing corporate wellness. JMD Wellness plans to integrate sound therapy into corporate programs, aiming to help employees manage stress and promote mental well-being. “Ultimately, this can lead to a more focused, efficient, and productive workforce,” explains Syed Muhammad Gadaffi, emphasizing the broader implications of sound therapy on workplace health and productivity. Through JMD Wellness, Syed Muhammad Gadaffi is not just offering a service but paving the way for a transformative approach to wellness that integrates sound, science, and personal growth. His vision for the future of sound therapy in Malaysia is ambitious, yet deeply rooted in his personal journey and commitment to holistic health.

ESG

The Food Purveyor Wins Praise for New Goal to Sell 100% Cage-Free Eggs by 2035

KUALA LUMPUR: The Food Purveyor, the country’s leading premium grocery retailer, won praise today from international NGO Lever Foundation for its new goal of selling 100% cage-free eggs nationwide by 2035. This move, part of the company’s broader ESG goals, further establishes The Food Purveyor as a leader in Asia’s premium retail sector when it comes to prioritizing ethical sourcing, animal welfare and sustainability. “At The Food Purveyor, we collaborate closely with suppliers to promote ethical sourcing practices within our supply chain, exemplified by our aspiration to achieve a 100% cage-free egg assortment by 2035,” The Food Purveyor noted in a new statement posted on its website last week. “The Food Purveyor’s new goal on this important issue showcases a remarkable commitment to ethical food sourcing,” said Vilosha Sivaraman, Sustainability Program Manager at Lever Foundation, which is collaborating with The Food Purveyor on the issue. “By prioritizing food safety, product quality and animal welfare, the company demonstrates true leadership in sustainable sourcing. Today’s consumers are demanding more from food brands, and The Food Purveyor is responding with a thoughtful, comprehensive approach that sets a new standard for responsible retail.” Cage-free egg production, in which hens are given the freedom to move in open indoor environments, improves animal welfare and significantly lowers food safety risks compared to caged egg production. Exhaustive research by the European Food Safety Authority found that cage-free egg farms are up to 25 times less likely to be contaminated with key strains of salmonella than caged egg farms. The production of caged eggs has been banned across Europe, as well as in the United Kingdom, Canada, New Zealand, Bhutan and parts of India, Australia and the United States. An increasing number of consumers have also been leaving eggs off their plate as the best way to help laying hens. A recent survey carried out by leading Asia research agency GMO Research found that 77 percent of Malaysians believe food companies should source only cage-free eggs, and nearly 60 percent are more inclined to patronize brands that commit to doing so. As a result, in recent years, a growing list of food companies in the country have committed to sourcing only cage-free eggs.

ESG, Events

GREEN@WORK Leadership Summit Explores Malaysia’s Role in Sustainable Innovation

KUALA LUMPUR: The Green@Work Leadership Summit 2024, hosted by Asia School of Business (ASB), brought together global leaders, innovators, academia, and policymakers to discuss the crucial role of green technologies, green finance, and sustainable solutions in shaping ASEAN’s future. The Summit provided a dynamic platform to address pressing issues across the business, energy, and finance sectors, sparking discussions on collaboration and ways to drive a more sustainable future for the region. In his opening address, Encik Muhammad Hidayatullah Bin Nasrul, from the Ministry of Natural Resources and Environmental Sustainability, highlighted Malaysia’s commitment to becoming a regional leader in sustainability. “Malaysia is at a critical juncture where sustainability is essential, not optional. Initiatives like the Bursa Carbon Exchange and rising renewable energy investments signal our commitment to lead in sustainable development. Collaboration across sectors is key to ensuring our nation achieves its green goals while inspiring ASEAN to prioritize environmental resilience,” he said. Throughout the Summit, key discussions revolved around the transformative role of green technology in driving economic resilience and environmental sustainability. Professor Sanjay Sarma, CEO, President, and Dean of ASB, emphasized that green technology is no longer a trend but a vital solution to the existential challenges the world faces. “The global green tech market is projected to reach USD 62.4 billion by 2030, with Southeast Asia leading the way. Embracing these innovations is essential for ASEAN’s economic and environmental future,” he said. The importance of circular economy models in scaling sustainable solutions was a key theme, with Zain Almohdzar, Co-Founder of Klean, Sarah Cragg Head of APAC Partnerships at The Earthshot Prize and M. Huzaini Ghazali, Chief Strategy and Portfolio Officer at Gentari discussing how transformative green technologies can address waste challenges in ASEAN.   Zain noted, “Circular economy initiatives are crucial in addressing waste challenges in ASEAN, where the region generates over 150 million tons of waste annually. Innovative technologies, such as advanced recycling systems and digital waste management platforms, are key to scaling these solutions and could potentially reduce landfill contributions by 25% within the next decade.” Blended finance also emerged as a vital mechanism in supporting the green transition. Professor Joseph Cherian, Deputy CEO of ASB and Practice Professor of Finance, emphasized how blended finance can bridge the funding gap by bringing governments, businesses, and investors together, hence accelerating the green transition. “Blended finance is not just a tool, it is a catalyst that can unlock trillions in investments for green initiatives. From accelerating carbon market development to funding renewable energy projects, it creates pathways for public-private partnerships that drive large-scale impact,” he explained. The intersection of green finance and regulation was another focal point, featuring a panel discussion moderated by Johan Rozali-Wathooth, CEO of Bintang Capital Partners. The panel included Muhammad Rizal Azmi, AVP of Business Development & Sales at Bursa Carbon Exchange, Salmah Bee Mohd Mydin, Executive Director of Market Development at Securities Commission Malaysia and Yin Shao Loong, Deputy Director of Research, Khazanah Research Institute. They explored how evolving regulatory frameworks can unlock new green financial solutions. Salmah Bee highlighted the rapid growth of Malaysia’s green bond market, noting a 50% increase in issuance over the past two years. “Regulatory frameworks must evolve to not only encourage but also scale these green financial solutions across ASEAN,” she emphasized.” The Summit concluded with a call to action for participants to translate the insights shared into actionable solutions, reinforcing the collective responsibility to foster a sustainable future for ASEAN

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