Sustainability
Malaysia’s pension fund strengthens sustainable investment with new stewardship policy
The Employees Provident Fund (EPF), Malaysia's pension fund, has published the EPF Sustainable Investment Stewardship Policy, becoming the first institutional investor in Malaysia to publish a standalone stewardship policy for sustainable investment.
Malaysia’s Sime Darby Property and TNB’s GSPARX join forces to undertake rooftop solar projects
Malaysian property developer Sime Darby Property and utility firm Tenaga Nasional Berhad (TNB)’s solar solution provider subsidiary GSPARX have joined forces to undertake rooftop solar projects in Malaysia.
DHL Express partners CIMB to reduce carbon dioxide equivalent through sustainable aviation fuel
Global logistics firm DHL Express has signed an agreement with Malaysian lender CIMB Group Holdings Berhad to welcome the banking group onboard its GoGreen Plus program. The partnership enables CIMB to leverage the use of sustainable aviation fuel (SAF) to mitigate the carbon dioxide equivalent (CO2e)emissions associated with its international shipments.
Malaysian lender CIMB sets 2030 climate targets to accelerate net zero by 2050
Malaysian bank CIMB Group Holdings Berhad has on Wednesday announced its 2030 climate targets for its oil and gas and real estate portfolios, becoming the first Malaysian bank to complete its 2030 decarbonization target setting for high-emitting sectors in pursuit of its broader 2050 net zero commitments, that include thermal coal mining, cement, palm oil…
IFC partners IFRS Foundation to improve sustainability reporting in emerging markets
The International Finance Corporation (IFC), a member of the World Bank Group, and the IFRS Foundation have signed a memorandum of understanding agreeing on their strategic partnership to strengthen sustainable capital markets by improving sustainability and climate reporting in emerging markets and developing economies (EMDEs).
Malaysia’s Sunway partners European Union to advance sustainability initiatives
This landmark collaboration between the diplomatic mission of the world’s largest trading bloc and one of Southeast Asia’s leading conglomerates marks another significant milestone in both entities’ commitment towards a net zero future.
ADB signs $50M commitment to accelerate energy transition in Asia and the Pacific
The Asian Development Bank (ADB) has signed a $50 million commitment to Actis Asia Climate Transition Fund, an infrastructure fund managed by Actis, a global sustainable infrastructure investor, to help accelerate the clean energy transition and address development challenges arising from climate change impacts in Asia and the Pacific.
Canada, ADB launch $255M new fund to support private sector climate action and nature-based solutions in Asia Pacific
The government of Canada and the Asian Development Bank (ADB) have announced a partnership to create a new CAD 360 million ($255 million) trust fund. The Canadian Climate and Nature Fund for Private Sector in Asia (CANPA) will support private-sector projects in Asia and the Pacific focused on climate and nature-based solutions while accelerating gender…
Gobi Partners launches third annual Sustainability Report highlighting achievements and insights
Asia-focused venture capital firm Gobi Partners has on Thursday announced the publication of its third annual Sustainability Report. The report highlights significant achievements in environmental, social, and governance (ESG) goals over the 12-months period from 1 April 2023 to 31 March 2024.
India’s candi solar secures $38M funding to accelerate clean energy expansion in India and South Africa
Candi solar, a clean energy company specializing in solar power solutions for commercial and industrial (C&I) clients, has on Monday announced the successful funding round, securing $38 million in equity investment.
