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13th Green Edition Newsletter #296 - 28 March 2022

Dear Badtrieshah,
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BMCC inks MoU to Raise Awareness on Sustainability and Climate Action Practices
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As part of the launch of the BMCC Climate Action Series with the inaugural instalment entitled “Supporting Businesses in their Climate Agenda”, the BMCC is proud to have signed two separate Memorandum of Understanding (MoU) with UN Global Compact Network Malaysia & Brunei (UNGCMYB) and the British Standards Institution (BSI) Malaysia respectively.

The MoUs are to form collaborative partnerships with the respective organisations in raising awareness and further understanding of sustainability and climate action practices within businesses - as well as to support the BMCC Climate Action Pledge (BMCC CAP) signatories in their commitments. It also signifies the BMCC’s effort to extend support to local, Malaysian businesses to achieve their respective climate action goals on the collective journey to a net-zero economy.

“The BMCC aims to continue advocating for collaborative actions between government and businesses to address the challenges at hand in transitioning towards a net-zero economy. We are committed to playing our role as a facilitator to this network of stakeholders by developing partnerships with like-minded organisations such as UNGCMYB and BSI Malaysia, as witnessed in today’s signing – as we believe the role of the private sector in Malaysia is extremely crucial to support the national ambition to achieve carbon-neutral targets,” said Jennifer Lopez, Chief Executive Officer of BMCC.

“At UNGCMYB, we are committed to support organisations in enabling and accelerating their climate actions. Together with BMCC, we look forward to promoting sustainable practices among local organisations to help them in achieving urgently needed sustainability performance that contributes to the triple bottom line and in creating a sustainable Malaysia.” said Faroze Nadar, Executive Director of UNGCMYB.

“At BSI, we believe a focus on sustainability is vital to achieving enduring and long-term resilience. We provide a global process and standards setting framework to support organisations as they strive to meet the United Nations’ Sustainable Development Goals. I’m proud of this partnership with BMCC where we could be a part of the driving force of climate change in Malaysia,” shared Emmanuel Herve, Managing Director, ASEAN of BSI.

The BMCC believes that the private sector needs to rise collectively and drive the agenda through its resources, expertise and capabilities – with the BMCC content to facilitate in creating networking opportunities and partnerships that would support these commitments.
 
The BMCC calls upon and welcomes like-minded Malaysian organisations who would like to be part of this salient network to create a difference for a sustainable future.
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At the inaugural BMCC Climate Action Series, we were joined by most of the 28 signatories to the BMCC CAP, BMCC Board members as well as organisations’ representatives who are advocates for sustainability and climate action in their respective capacities. The BMCC would like to extend its appreciation to distinguished speakers at the event:

  1. Tom Moody, the Southeast Asia Regional Director for Climate and Energy, UK’s Foreign, Commonwealth and Development Office
  2. Faroze Nadar, Executive Director, UN Global Compact Network Malaysia & Brunei (UNGCMYB).
  3. Emmanuel Hervé Herve, Managing Director, ASEAN, British Standards Institution Training Academy (BSI)
  4. Dr Mohan Avvari, Associate Professor of Strategy and Innovation & Director of Research of the Nottingham University Business School
  5. Elina Jani from the Malaysian Green Technology and Climate Change Corporation (MGTC), Senior Director for Business Development in MGTC

To learn more about the BMCC Sustainability Network & BMCC Climate Action Pledge, contact daniel@bmcc.org.my
More info on BMCC Climate Action Pledge, can be found at here.
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BMCC Climate Action Pledge | AstraZeneca
The BMCC is delighted to welcome AstraZeneca as a signatory to its Climate Action Pledge. Launched at the Malaysia Climate Action Week, the Pledge serves as an avenue to raise awareness about climate change and implement climate-related initiatives among organisations.

The Pledge was signed by Dr Sanjeev Panchal, Country President of AstraZeneca, alongside Jennifer Lopez, Chief Executive Officer of BMCC and witnessed by Faroze Nadar, Executive Director of UN Global Compact Network Malaysia & Brunei.

With 28 signatories on board, the Chamber hopes to encourage and advocate our members to sign up to the Pledge as we collectively address the challenges at hand in transitioning towards a net-zero economy.
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UN Global Compact Network Malaysia & Brunei | Malaysia’s First SBTi Symposium
The BMCC is pleased to support UN Global Compact Network Malaysia & Brunei in their event - Science Based Targets Initiative (SBTi) Symposium, the first ever of it's kind in Malaysia!

Interested members are invited to join this informative event where it will look to discuss on climate issues in the local landscape, latest updates on the Science Based Targets Initiative (SBTi), and how organisations can decarbonize by 2050 to achieve the race to zero.

Register for your complimentary virtual tickets today! Seats are limited.

Date: Tuesday, 5 April 2022
Time: 2:00pm - 6:00pm (GMT+8)
Platform: Hybrid Event (Zoom)
Register Now
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MIDA | Invest Malaysia E-Newsletter, February 2022 Edition
This brand-new initiative by MIDA comes at an important juncture to reaffirm its commitment to position Malaysia as an ideal hub that is inclusive for companies and businesses to operate. The e-newsletter looks to share on strategic messages as well as in-depth information on business trends and patterns, policies and regulations, technology advances and sustainable investment opportunities.
Read More
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David Mizan Hashim - Founder & Group President of VERITAS
VERITAS is one of the world’s leading integrated multi-disciplinary design firms, with a network of global offices delivering award-winning architectural and related professional services which realize innovative sustainable solutions for the built environment.

Meet David Mizan Hashim, the Founder and Group President of VERITAS. In this interview, he shares with us on their numerous initiatives in the green space as well as their group of champions who are committed to the ideal of sustainability.

"Teamwork is key to implementing these endeavours and VERITAS is proud to have a group of champions committed to the ideal of sustainability. We call them the “VERITAS ESG SWAT Team”. We coined the notion of “SWAT” as the team operates like an elite army, empowered by top management and equipped with specific knowledge about sustainability."
Read More
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HSBC Malaysia | Kerjaya Prospek Property Complete First Green Loan for a Property Developer
HSBC Bank Malaysia and Kerjaya Property Sdn Bhd have successfully completed their first green loan for a property developer. The green loan will help Kerjaya Prospek Property facilitate the funding of its integrated development called Bloomsvale located at Old Klang Road, Kuala Lumpur. This green funding is also important to support Kerjaya Prospek Property’s transition towards its net zero journey.

HSBC Group aspires to be a frontrunner in sustainable financing, managing and shaping the shift to a low-carbon world. The Group is rising its transaction finance portfolio to assist prospects to cut back emissions and HSBC’s ambition is to supply between US$750bil (RM3.2 trillion) and US$1 trillion (RM4.23 trillion) in financing and funding to help this initiative.
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Shell Malaysia | Installs Solar Panels at 216 Retail Stations
Shell Malaysia has successfully installed solar panels at 216 of its retail stations nationwide. This is part of the company's drive to adopt a combination of measures to improve its energy efficiency and reduce its carbon footprint.

Installation of solar panels at retail stations help supplement and reduce dependability on local utilities, resulting in increased electrical savings for the stations in the long run. Seow Lee Ming, General Manager of Mobility at Shell Malaysia - says that the target is 350 stations by the end of 2022.
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Tay & Partners | ESG in Malaysia and Legal Risks
If there is one buzzword that encapsulates the zeitgeist of today, it is ESG (Environmental, Social and Governance). With growing ethical awareness on the economic, environmental and social footprint that we leave behind, the emphasis on ESG by corporations, stakeholders including investors and customers, and even governments alike has been gaining traction globally and locally.
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VERITAS | Platinum Winner of The SOBA 2021: Best Green Initiative
Congratulations to BMCC member, VERITAS on being crowned the Platinum Winner of the Star Outstanding Business Award (SOBA) for the category of Best Green Initiative.

The Star Outstanding Business Awards (SOBA) bestow unparalleled recognition on the exceptional achievements of the nation’s finest SMEs. SOBA winners are testaments of high achievement and serve as a benchmark for others to emulate.

The BMCC would like to applaud VERITAS for this outstanding achievement and recognition in its efforts in the green space.
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Malaysia reiterates commitment to sustainable development of water sector
- Malay Mail
Malaysia the prime issuer of sustainability sukuk in Asean
- The Star
Extreme weather warning systems for all 'in five years' 
- BBC News
 
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