Climate Governance Malaysia

We warmly welcome Dato’ Henry Barlow as Chair of the board of directors of Climate Governance Malaysia (CGM) and Dr. Gary Theseira as Chair of the CGM Council. Dato’ Henry, a long-standing CGM Council member, retires from the Council and now serves on the Board of Directors. He brings over 50 years of experience in the plantation industry, including leadership roles with the largest plantations company. His deep expertise in corporate governance and sustainability practices positions him ideally to lead CGM’s mission of advancing climate governance. Also joining CGM’s board of directors as independent non-executive directors are: Tan Sri Tommy Thomas – A preeminent litigation lawyer with 45+ years of expertise and role in landmark cases, he has been recognised as a significant actor in the nation's legal system. Tunku Dato’ Paduka Jaafar Laksamana Tunku Nong – A visionary leader committed to driving social impact and empowering communities through strategic governance, stakeholder engagement, and philanthropy. Joseph D’ Cruz – A distinguished expert advancing sustainable palm oil through global collaboration, innovation and responsible practices. They join Datin Seri Sunita Rajakumar on the board of Directors of CGM. Meanwhile, Dr. Gary Theseira was unanimously elected as Chair of the CGM Council. Following this, he has stepped down from CGM's Board of Directors to focus on work at the CGM Council. He is renowned for his expertise in policy development, climate negotiations, stakeholder engagement and will play a pivotal role in driving evidence-based policymaking and fostering collaboration to address critical climate challenges. Datin Seri Sunita Rajakumar steps down as Chair of CGM Council but will remain actively involved as Founder, Non-Independent Director and member of CGM Council, ensuring CGM’s continued success in the climate governance and sustainability space. We extend our heartfelt gratitude to Datin Seri Sunita for her visionary leadership and unwavering commitment to CGM’s growth since it launched in May 2019. Please join us in congratulating Dato’ Henry Barlow, Tan Sri Tommy Thomas, Tunku Dato' Jaafar, Joseph D’Cruz D’ Cruz, Datin Seri Sunita Rajakumar, and Dr. Gary Theseira on their new journeys with CGM! Together, we look forward to shaping a sustainable future for Malaysia and beyond. 🌍 #CGM #LeadershipAnnouncement #ClimateGovernance #Sustainability

United for Net Zero: Public-Private Collaboration for Accelerated Industry Decarbonization | World Economic Forum (WEF), Capgemini and Cambridge University | January 2025 .. Key Salient Points: 1. Overview  A. The World Economic Forum (WEF) emphasizes the urgency of achieving net-zero emissions in the industrial sector, which accounts for 30% of global greenhouse gas emissions. B. Current decarbonization efforts are insufficient to meet the 1.5°C global warming target. C. This paper outlines eight avenues for public-private collaboration and provides several case studies of successful initiatives. .. 2. Key Barriers to Net Zero  a- Buy-In: Difficulty aligning net-zero goals with short-term business profitability.  b- Calculation: Variations in carbon accounting standards.  c- Mitigation: Limited support for decarbonizing entire value chains ecosystem.  d- Green Business Growth: High costs and regulatory uncertainty. .. 3. Framework for Collaboration  a- Use Public Financial Mechanisms: Edilians secured €3.6 million to develop energy-efficient kilns, achieving a 33% gas reduction.  b- Co-Develop Financial Models: The UK Logistics Sector aligned incentives with policymakers, expected to boost economic growth by £7.9 billion annually.  c- Enhance Carbon Tracking: MESS Technology Center trained over 350 companies in carbon accounting.  d- Standardize Accounting Practices: The Global Logistics Emissions Council’s framework is adopted by over 150 companies.  e- Facilitate Value Chain Decarbonization: Nestlé and the U.S. Dairy Innovation Center launched a $10 million initiative for dairy farm net-zero targets by 2050.  f- Influence Policies: PUMA collaborated with Bangladesh to reduce Scope 3 emissions by 30%.  g- Co-Invest in Technologies: ArcelorMittal and the French government invested €850 million in CO2 capture technologies.  h- Create Conditions for Tech Adoption: India’s Green Hydrogen Mission has attracted $95 billion in investments, creating 600,000 jobs. .. 4. Recommendations for Action  a- Foster Collaborative Efforts: Build partnerships to leverage strengths.  b- Invest in Innovative Technologies: Fund decarbonization technologies like renewable energy.  c- Streamline Regulations: Create coherent policies to aid industries and SMEs.  d- Encourage Knowledge Sharing: Promote collaboration through digital platforms. .. 5. Conclusion  Achieving net-zero emissions demands a cultural shift prioritizing public-private collaboration. This framework serves as a roadmap for accelerating industrial decarbonization while supporting economic growth. Future efforts should align business incentives with sustainability for long-term resilience. .. Read more: 👇 Credit: World Economic Forum in collaboration with Capgemini and Cambridge Institute for Sustainability Leadership (CISL) Analysis: NY Consulting & Advisory

🌍 Where Does Nuclear Energy Fit in the Energy Transition? 🛢 The Future of Nuclear Energy: Innovation for a Sustainable Tomorrow  As the global energy transition accelerates toward renewable and emissions-free solutions, nuclear energy emerges as a critical yet often debated component of a sustainable future. What role will it play in shaping a decarbonized world? Join us for the Part 2 of the webinar “Where Does Nuclear Energy Fit in the Energy Transition?”, co-hosted by Climate Governance Malaysia (CGM) and the United States (U.S.) Embassy in Kuala Lumpur. This engaging series will explore cutting-edge advancements in nuclear technology and their potential for enhanced safety, efficiency, and sustainability. 🎙 Featured Speakers: Judi Greenwald, Executive Director, Nuclear Innovation Alliance Datuk NK Tong, Distinguished Industry Leader Our speakers will dive into breakthrough innovations in reactor designs, practical applications, policy considerations, and nuclear's role in supporting clean energy goals. 📅 Event Details: 📅 Date: 9 January 2025 (Thurs) ⏰ Time: 10:00 AM – 11:30 AM (MYT) 📍 Platform: Zoom Whether you’re an energy professional, policymaker, or simply curious about the potential of nuclear energy, this is your chance to learn! 👉 RSVP now: https://lnkd.in/ghmB_kUY 👉 Watch Part 1 Recording here: https://lnkd.in/gYXZNhSi Let’s explore how nuclear innovation addresses global energy challenges and paves the way for a sustainable future. 💡✨ #NuclearEnergy #Sustainability #Innovation #USEmbassy #ClimateGovernanceMalaysia

IFRS S1 and S2 Sustainability Reporting Standards: Guide for Board Members | IBGC & Chapter Zero | 2024 .. The document summarizes the IFRS S1 and S2 related to sustainability reporting, emphasizing their strategic implications, risks, opportunities, and financial aspects for the Board of Directors (BOD). .. 1. Strategic Considerations a. Integration into Business Strategy: Companies must incorporate sustainability disclosures into their business strategies to impact cash flows and long-term resilience. Aligning these disclosures with financial statements is essential for transparency, supported by a strong governance framework. 2. Board Governance: The Board should actively monitor compliance with IFRS standards, advocate for sustainability strategies, and allocate resources effectively, with corporate advisory committees facilitating cross-functional collaboration. 3. Adoption Timeline: The ISSB introduced IFRS S1 S2 in June 2023, establishing a global baseline for sustainability-related financial disclosures. For examples: -3a. The U.K., Japan, Hong Kong, Malaysia, New Zealand, Singapore: These jurisdictions are establishing mechanisms to adopt the ISSB standards, towards global reporting alignment and disclosure. -3b. Mandatory adoption in Brazil starts in 2026, with voluntary implementation available in 2024. -3c. Canada: The CSSB launched consultations to adapt the standards for the Canadian market, proposing voluntary adoption with a two-year exemption before reporting on Scope 3 emissions. .. 2. Risks a. Compliance Risks: Non-compliance poses reputational damage and legal risks, along with potential investor confidence loss. b. Climate Risks: Companies must address physical and transition risks related to GHG emissions and their financial impacts. c. Data Accuracy Risks: Poor data collection and verification processes can impact stakeholders' trust. .. 3. Opportunities a. Investor Confidence: Greater transparency can attract long-term investors and lower capital costs, giving early adopters a competitive edge. b. Innovation: Companies can pursue sustainable product development and improved resource efficiency, positioning themselves as leaders in sustainable finance. c. Strategic Resilience: Scenario analyses mandated by IFRS S2 allow organizations to anticipate climate impacts and adjust strategies, enhancing resilience. .. 4. Financial Considerations a. Materiality: Evaluate sustainability themes based on financial implications, ensuring consistency between sustainability reports and financial statements. b. Assurance Requirements: Move from limited assurance in initial phases to reasonable assurance, necessitating robust internal controls. c. Implementation Costs: Significant investments may be needed for training and systems upgrades. .. Read more (57 pages) 👇 Credits: IBGC - Instituto Brasileiro de Governança Corporativa Chapter Zero (BR) .. Team Analysis (NY Consulting & Advisory)

HIGH INCOME NATIONS MOST "CARBON ACCOUNTABLE" GIVEN HISTORICAL EMISSIONS Additional carbon accountability [ref table] for achieving the 1.5°C global warming limit with a 50% probability. KEY POINTS 1. Key Metrics: Carbon debt (MtCO₂): Carbon emissions exceeding equitable shares. Excessive carbon claim (MtCO₂): Emissions above what is fair for a 1.5°C pathway. Total excessive carbon claim (MtCO₂): Combined historical emissions above equitable shares. Additional carbon accountability (MtCO₂): Responsibility to reduce emissions further to meet the 1.5°C target. Additional accountability per capita (tCO₂): Individual responsibility to reduce emissions. 2. High-Income Countries: The United States is the largest emitter, with 167,127 MtCO₂ additional accountability, the highest per capita responsibility (453 tCO₂). Singapore has significant per capita accountability (185 tCO₂), despite lower total emissions. The European Union, Japan, and South Korea also show substantial accountability. 3. Upper-Middle-Income Countries: China has the largest overall accountability in this group (150,379 MtCO₂). Other countries like Kazakhstan and Mexico have lower but notable responsibilities. 4. Lower-Middle-Income Countries: Countries such as India, Nigeria, and Kenya have little or no additional accountability. This reflects lower historical emissions and limited resources. 5. Low-Income Countries: Nations like Ethiopia, Gambia, and others have no additional accountability, emphasizing their minor role in historical emissions. 6. Global Totals: The total global additional accountability is 575,534 MtCO₂, translating to 61 tCO₂ per capita, with the burden disproportionately on high-income countries. 7. Equity Perspective: High-income nations bear the majority of the responsibility due to historical emissions, while low and middle-income countries face less accountability. This data highlights the stark disparities in carbon accountability, aligning with the principles of climate equity and common but differentiated responsibilities (CBDR). NOTE Categories by Income Group: Countries are grouped into high-income, upper-middle-income, lower-middle-income, & low-income categories, based on GDP per capita. Sunita Rajakumar Johan Raslan Gary Theseira

METHANE EMISSIONS & THE GLOBAL EFFORT TO MITIGATE THEM Key Points: Underreported Methane Emissions: Current methane emissions, especially from sources like agriculture, oil and gas, coal mines, and waste tips, are likely much higher than previously reported. Advanced satellite technology like the MethaneSAT is revealing the true extent of these emissions. Rapid Temperature Rise: The significant underestimation of methane emissions could be a contributing factor to the unexpectedly rapid rise in global temperatures. Emerging Mitigation Strategies: Promising developments are underway to address methane emissions, including: - National pledges and legislation: Countries are starting to incorporate methane reduction targets into their national climate plans (NDCs). - Market mechanisms: The EU is implementing regulations that restrict imports of natural gas from countries with inadequate methane leak mitigation efforts. - Tech advancements: New satellite tech is enhancing our ability to monitor and verify methane emissions, improving accountability and accuracy in reporting. Important Ideas/Facts: Recent pledges from multiple countries to reduce methane emissions represent a positive step, but their translation into concrete action remains crucial. Australia's implementation of a carbon price is incentivizing efforts to curb methane emissions from its coal mines, which were previously a major source of emissions. The potential discrepancy between reported & actual methane emissions is highlighted through the example of waste tips in Germany, where satellite data suggests underreporting of emissions. Quotes: On the potential impact of methane on rapid temperature rise: "I think there could be something in what you're saying... the methane sat is seeing emissions much higher than anybody ever realized." On emerging market mechanisms: "The EU says it will not receive [natural] gas [from certain countries] if nobody makes any efforts to reduce the leaks of the methane from their operations...so there are Market mechanisms coming in now through regulation as well." On the role of satellite tech in improving accountability: "[Scientists are] working very hard on a carbon dioxide emission that can be seen from space with the kind of accuracy we need to measure the emissions & maybe we find out that some of the reporting on carbon dioxide has not been quite as accurate as previously thought." Conclusion: While methane emissions have been historically underreported and are contributing to the rapid rise in global temperatures, recent pledges, tech advancements, & market mechanisms offer hope for effective mitigation. Increased transparency and accountability facilitated by satellite monitoring will be crucial in ensuring that pledges translate into tangible reductions in methane emissions. Sunita Rajakumar Johan Raslan Gary Theseira https://lnkd.in/g37SYqse

On Jan. 9 at 10am MYT (or Jan. 8 at 9pm EST), NIA's Judi Greenwald will be speaking at part 2 of Climate Governance Malaysia and the U.S. Embassy in Kuala Lumpur webinar series "Where Does Nuclear Energy Fit in the Energy Transition?” to discuss the cutting-edge advancements redefining the future of nuclear technology. Click here to RSVP: https://lnkd.in/ewJM8P8r If you missed part 1, click here to watch the recording: https://lnkd.in/eeTe-w8Q

The COP29 parallel event was organised by Climate Governance Malaysia (CGM), in conjunction with the Malaysia Pavilion in Baku, brought together thought leaders, innovators, and experts to showcase collaborative climate strategies aligned with Malaysia's sustainability goals. The event began with a keynote by IIC Vice Chairman, Datuk Wira Ismitz Matthew De Alwis, highlighted Malaysia’s commitment to sustainability and its role in global climate action. His address set the tone for the event, emphasizing collaborative efforts and impactful strategies for achieving a resilient future. Access the recording from timing 35:32 at this link: https://lnkd.in/gFd7-zdv #IIC #COP29ParallelEvent #institutionalinvestors #corporategovernance #sustainability #esg

Malaysian Support for COP29 Parallel Program - Impact Report With Session Summaries We are excited to share the outcomes of this milestone event, held in conjunction with the Malaysia Pavilion at COP29 in Baku. This report highlights the strategic insights, powerful collaborations, and collective achievements of everyone who contributed to making this event a success. What’s Inside 🌟 Event Highlights: The event attracted 525 live attendees, with more watching from the Malaysia Pavilion in Baku, creating a dynamic and engaged audience from around the globe. 🎤 Diverse Perspectives: Explore insights from 62 sessions featuring 111 distinguished speakers representing 12 countries. 💡 Impactful Takeaways: Over 90% of surveyed participants shared that the event influenced their perspectives on climate action, and are likely to apply these learnings in their personal and professional lives. This report is a testament to what we can achieve together. We encourage you to explore the full report and share it within your networks to amplify its impact. Thank you for your unwavering support and commitment. Let’s continue to drive meaningful change for a more sustainable future! 📄 Click here to access the Impact Report: https://lnkd.in/gb3Nkfcd #Climategovernancemalaysia #COP29parallelprogram #Biodiversity #Greenfinancing #Climaterisks #Netzerotarget #Carbonemission #Ecosystem

Preparedness for Climate Business Disruption: The Changing Landscape of Physical Risks | Centre for Risk Studies, The University of Cambridge Judge School of Business | Resilience | Dec. 2024 .. Strategic Insights A. Impact of Climate Change: 1. Climate change disrupts business operations and profitability through increasingly frequent and severe weather events. 2. In 2021, global economic losses from these disasters reached $329 billion, with projections indicating a potential warming of 2.7°C by 2100. 3. This could surpass critical temperature thresholds, leading to irreversible environmental and economic consequences. .. B. Types of Risks: 1. Physical Risks: Chronic (e.g., rising temperatures) and acute (e.g., major floods, droughts) risks threaten operations and supply chain ecosystem. 2. Transition Risks: Arising from decarbonization policies, these risks, e.g., emissions reduction technology and policies, will emerge within the next decade but help reduce long-term physical risks. .. C. Sectoral Vulnerability: 1. Industries reliant on outdoor labor, agriculture, and energy infrastructure are particularly at risk. The impacts include supply chain disruptions and market fluctuations. .. D. Key Risks 1. Operational Disruption: Facilities face damage from climate events, affecting productivity and operations. 2. Supply Chain Fragility: Climate-related disruptions can severely impact material availability and transportation. 3. Market Volatility: Changes in consumer demand linked to climate impacts can threaten product viability. 4. Regulatory Risks: Increased exposure to litigation regarding climate adaptation and mitigation efforts. .. E. Opportunities 1. Resilience Advantage: Organizations that adopt resilience measures can gain long-term competitive benefits. 2. Adaptation Strategies: Realigning product offerings to market conditions is essential (e.g., drought-resistant crops). 3. Sustainability Investments: Investing in climate-resilient infrastructure and low-carbon technologies is crucial. .. F. Case Studies 1. Texas Freeze (2021): $155 billion in damages; significant energy infrastructure failures disrupted global supply chains. 2. Northwest Pacific Heatwave (2021): Infrastructure failures and agricultural losses emphasized the need for adaptive practices. 3. Australian Bushfires (2019-2020): $14.4 billion in damages highlighted risks from urban development in fire-prone areas. 4. Western Europe Flooding (2021): Over $20 billion in damages; logistics disruptions affected key industries. .. G. Recommendations 1. Integrated Risk Framework: Implement comprehensive climate risk assessments across facilities and supply chains using predictive tools. 2. Diversification: Diversify sourcing and markets to build supply chain redundancy. 3. Capital Allocation: Prioritize investments in climate-resilient infrastructure. .. Read more 👇 Credit: University of Cambridge Cambridge Judge Business School