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The Taskforce on Inequality and Social-related Financial Disclosure (TISFD) is a global initiative allowing businesses to identify, analyze, and report on their inequality and social-related risks, opportunities, and impacts.
The Malaysia Carbon Market Association (MCMA) was officially launched on August 8 at the Malaysia Carbon Market Forum 2024, organized by Bursa Carbon Exchange. The event, held at the Ministry of Natural Resources and Environmental Sustainability in Kuala Lumpur, was officiated by Datuk Dr. Ching Thoo a/l Kim, the Ministry’s Secretary-General.
Bursa Carbon Exchange has successfully carried out its inaugural auction of renewable energy certificates (RECs) which saw 15 buyers from various industries purchasing a total of 268,800 Hydropower Renewable Energy Certificates from vintage year 2024 (HRECv24) Contracts.
The IFRS Foundation’s International Sustainability Standards Board (ISSB) announced today a series of moves aimed at harmonizing sustainability reporting requirements for companies, with a focus on areas including disclosure of corporate climate transition plans and the measurement of greenhouse gas (GHG) emissions across the value chain.
Malaysia government has agreed to speed up the implementation of the New Industrial Master Plan (NIMP), the National Energy Transition Roadmap (NETR) and the Hydrogen Economy and Technology Roadmap (HETR) ) to achieve net zero carbon emissions by 2050.
Malaysia ranks the highest among 109 countries in consuming microplastics, at an average of 502.3mg of microplastics daily per capita.
China announced plans on Wednesday to better measure the carbon content of its products - a key step in reaching its own climate goals and meeting tougher carbon standards overseas.
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Emmanuel Faber, Chair of the ISSB, said:
“With a record of success in driving the adoption of disclosure frameworks, CDP is an established, trusted tool that supports companies on their path to ISSB compliance. Our partnership will make life easier for companies to disclose relevant data to their stakeholders and will critically accelerate rapid global uptake of IFRS S2 and the availability of information so urgently needed by investors.”
A World Bank report reveals that countries with carbon pricing mechanisms generated a record $104 billion in revenues last year. Over half of the funds were directed towards climate and nature-related programs.
The Malaysia Forest Fund (MFF) on Monday launched its Forest Conservation Certificate (FCC), which is a non-market mechanism to channel funds from the private sector to support forest conservation projects in the country.
What are El Niño and La Nina, and how do these climate patterns impact different parts of the world? Does climate change influence them? We explain.
Datuk Hamzah Hussin, CEO of the Sustainable Energy Development Authority (Seda): When we talk about renewable energy, we cannot talk about solar alone.
KUALA LUMPUR: Bursa Carbon Exchange (BCX) will host an auction of its first Malaysian carbon credits from the Kuamut rainforest conservation project on June 25,
KOTA KINABALU: Sabah is at a critical juncture in its development journey, with Environment, Social, and Corporate Governance (ESG) principles at its core. State Chief Minister Datuk Seri Hajiji Noor emphasized the government's dedication to enhancing environmental stewardship, social well-being, and governance structures to ensure a resilient and prosperous future.
This deadly heat wave has caused heatstroke deaths, school closures, and severe water shortages.
KUALA LUMPUR (May 9): Malaysia has launched the commercial trading of Renewable Energy Certificates (RECs) through the Malaysian Green Attribute Trading System (mGATS) to be operated by Tenaga Nasional Bhd (KL:TENAGA).
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The IFRS Foundation and the European Financial Reporting Advisory Group (EFRAG) announced today (2nd May 2024) the publication of the ESRS-ISSB standards interoperability guidance, a new document aimed at illustrating the high level of alignment between the sustainability reporting standards recently issued by IFRS’ International Sustainability Standards Board’s (ISSB) and the European Sustainability Reporting Standards (ESRS).
It’s a shockingly retrograde move to allow carbon credits to be used by companies to meet their supply chain emissions targets. It massively undermines the credibility of SBTi, according to Grant Rosoman, senior campaign advisor, Greenpeace International.
Floods have been Malaysia’s most frequent natural disaster, accounting for 85 percent of all natural disasters since 2000.
KUALA LUMPUR: Greenwashing is becoming a growing concern, with investments in environmental, social, and governance (ESG) globally reaching trillion-dollar levels, according to Securities Commission head Datuk Seri Awang Adek Hussin.
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