Sharinya Pillai’s Post

When can we expect to see NZ Action on capital for sustainability? Singapore and Indonesia are doing it. Now Malaysia has jumped on the bandwagon: See https://lnkd.in/gJ2vd4ks We just seem to have given up and resigned ourselves to meeting our Paris Accord obligations by paying $billions to other countries because we have no idea where to invest it domestically.

In the journey towards a net zero future, healthy discussions about the potential of carbon markets are crucial. These conversations foster a deeper understanding of how carbon markets can be leveraged to reduce greenhouse gas emissions and incentivize low carbon practices. At the same time, it is also essential to critically assess the efficacy and challenges of the carbon markets. While carbon markets hold promise, they also face significant hurdles. What is the role of effective regulation and oversight to ensure transparency? How can we ensure that the impact of carbon offsets are measured accurately? What is required to address existing bottlenecks? There are a few upcoming events to delve deeper into these discussions which I’m excited to be part of, join us as we explore the potential of carbon markets, and address the challenges head-on. **Upcoming Events:** 1. Unlocking Capital for Sustainability Malaysia 2024 Eco-Business Date: 24 July 2024 Plenary debate: This house believes Malaysia’s carbon market should be guided by market forces instead of regulation Link: https://lnkd.in/g3GWjiZE 2. KWAP Malaysia Inspire 2024 Date: 6 August 2024 The Carbon Offset Controversy: Green Hero or Greenwashing? Link: https://lnkd.in/g6GNxaGd 3. Malaysia Carbon Market Forum Bursa Malaysia Date: 7-8 August 2024 Plenary 3: Creating a High Integrity ASEAN Carbon Market, Facilitating the Supplies of High Quality Credits Link: https://lnkd.in/gu286_T7 Mark your calendars and be part of the conversation! #CarbonMarkets #ClimateAction #GreenEconomy #EnvironmentalImpact

Indonesia’s path to sustainability requires bold, innovative thinking—and Purpose is leading the charge. At Republika’s ESG Summit, Aldy Permana, Strategic Communications Manager at Purpose made it clear: the future of ESG in Indonesia lies in fusing local wisdom with global standards. Purpose and MOSAIC are developing pilot projects Sedekah Energy and Forest Waqf, where we’re using Islamic philanthropy to create powerful climate financing models. Now, more than ever, we need government, communities, and the private sector to join forces and scale these efforts to achieve Indonesia’s climate goals. 🌍💡Read the story: https://lnkd.in/dYekCFV9 Photos by REPUBLIKA MEDIA MANDIRI, PT #Sustainability #ESGIndonesia #CommunityDrivenSolutions

Sustainable Malaysia. 🌺    2000. 📚  •  Before the United Nations founded the Sustainability Development Goals (SDGs) in June 2012 & embraced them by all its members in 2015, Malaysia had achieved 62.49 % of the goals.     2010. 📝  •  2 years before the birth of SDGs & 5 years before Malaysia embraced the goals, it had achieved 63.87 % of the agenda. The increase is 1.34 % compared to 10 years ago.    2020. 👷♂️  •  Malaysia's SDGs have increased significantly 5 years after the nation embraced the agenda & achieved 68.25 % of its goals. The value increased more than three times compared to the first 5 years of incorporation.    2023. 💪  •  We are slowly progressing with an increase of 1.08 % to achieve the SDGs & complete 69.32 % of the goals.    2030. 🌳  •  To make sustainable progress as a nation consisting of government, traders, and end users, we must consistently apply ethical principles to our businesses. Good practices have positive impacts on the environmental landscape, social well-being, and governance. We got this!    Follow our pages to know more about sustainability and/or sustainability certifications. 💡  Facebook: https://lnkd.in/gmkvRcrR  Instagram: https://lnkd.in/gv7cRggW    #SDG #SDGs #ESG #Sustainability #PetersonMalaysia 

🌎 Malaysia Recommits to a Sustainable Future! 🌎 Malaysia recently held the National Sustainable Development Goal (SDG) Council Meeting, reaffirming its commitment to achieving the ambitious UN SDGs by 2030. A key outcome of the meeting was the approval of the National Environmental, Social, and Governance (ESG) Strategic Plan. This groundbreaking plan aims to guide Malaysian businesses towards integrating ESG principles into their core operations. By prioritizing environmental protection, social equity, and good governance, businesses can contribute significantly to Malaysia's sustainable development journey. The ESG Strategic Plan will be implemented in phases, ensuring a smooth transition for businesses of all sizes. This forward-thinking initiative not only demonstrates Malaysia's commitment to global sustainability but also positions the country as a leader in responsible business practices. - Enhanced Environmental Sustainability: Reduced carbon emissions, improved air and water quality, increased renewable energy use, and greater biodiversity conservation. - Improved Social Equity: Reduced poverty and inequality, improved access to education and healthcare, and greater social inclusion. - Stronger Governance: Increased transparency, accountability, and ethical business practices. #BeResponsible #DigitalKitarSemula #ikitar #ESG

As the #sustainability landscape continues to evolve, what lies ahead this year for Asia's CSOs? While Chief Sustainability Officers in #Asia may expect some relief from #reporting burdens this year, other challenges remain high on the agenda such as staying ahead of #regulations and articulating the financial value of social, biodiversity and climate-related impact. To hear from a few sustainability heads in Singapore, Hong Kong, Malaysia and Indonesia on what their priorities will be for 2024, and the trends they are watching: https://lnkd.in/gXNi3AuY Our thanks to: 🌱 Leiming Chen, Senior Vice President, Ant Group and Chief Sustainability Officer, Ant International 🌱 Joelle Chen, Head of Sustainability, Asia, Lendlease 🌱 Steve Newman, Chief Sustainability Officer, EarthCheck 🌱 Julie Greene, Chief Sustainability Officer, Olam Agri 🌱 Diana Guzman, Chief Sustainability Officer, Prudential plc 🌱 Pui Yong Leo, Chief Sustainability Officer, Tenaga Nasional Berhad #Cities #Consumption #Climate #CSO

[𝐎𝐔𝐓 𝐍𝐎𝐖] Produced through the Accelerating Nationally Determined Contributions through Circular Economy in Cities (ACE) Project, with the support of KPMG, 𝗧𝗵𝗲 𝗕𝗮𝘀𝗲𝗹𝗶𝗻𝗲 𝗳𝗼𝗿 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗘𝗰𝗼𝗻𝗼𝗺𝘆 𝗶𝗻 𝘁𝗵𝗲 𝗣𝗵𝗶𝗹𝗶𝗽𝗽𝗶𝗻𝗲𝘀: 𝗔 𝗗𝗮𝘁𝗮 𝗖𝗼𝗺𝗽𝗶𝗹𝗮𝘁𝗶𝗼𝗻 🇵🇭 is a UNDP project in partnership with Department of Environment and Natural Resources and with financial support from the Government of Japan 🇯🇵 The report establishes a comprehensive set of indicators for circular economy in the Philippines ♻️ These indicators are crafted through collaboration with key government stakeholders at both national and local levels, serving as the initial baseline for the transition from linear to circular practices. 𝐑𝐞𝐚𝐝 𝐦𝐨𝐫𝐞 👉🏼 bit.ly/3xNEhFf

Yinson recently hosted the ASEAN Carbon Market Connect Meeting in Kuala Lumpur, where regional leaders and partners explored ASEAN’s path to a sustainable, low-carbon future. Our esteemed partners - Malaysia Carbon Market Association (MCMA), ASEAN Alliance on Carbon Markets (AACM), BloombergNEF, and Equatorise - enriched the discussions with insights on carbon market expansion and regional collaboration. At the meeting, Dr Renard Siew, President of MCMA, emphasised the vision of a unified ASEAN Common Carbon Framework for 2025 to align standards and foster collaboration across ASEAN as Malaysia takes over the 2025 ASEAN chairmanship, with our Group CEO CY Lim as the Chair of the ASEAN Carbon Market Working Group under ASEAN-BAC Malaysia. Kyle Harrison, Head of Sustainability Research of BloombergNEF, shared his outlook on the global carbon market for 2024, underscoring Asia’s potential to lead nature-based climate solutions and drive a high-integrity, investment-ready carbon market. We extend our heartfelt thanks to everyone who joined us, both in person and virtually. As ASEAN works toward a shared vision of carbon neutrality, we look forward to further engagement and continued progress on these essential initiatives for a sustainable future. #Yinson #Passionatelydeliveringpowerfulsolutions #CarbonMarkets 

Workshop: Voluntary Carbon Markets Voluntary Carbon Markets (VCM) are instrumental for Malaysia, as they bolster the country’s decarbonization efforts, facilitate the transition to mandatory carbon trading systems, and open avenues for economic growth through sustainable investments. VCMs also position Malaysia as a forward-thinking global climate leader and support biodiversity and conservation initiatives, aligning with its broader environmental objectives. As Malaysia’s leading stock exchange, Bursa Malaysia has pioneered several sustainable initiatives, including the introduction of sustainable bonds and sukuk to support climate-friendly projects, the Sustainability Reporting Guide to aid organizations in integrating sustainability into their operations, and, notably, the launch of the Bursa Carbon Exchange (BCX). Join this workshop to gain valuable insights from Dr. Wei-nee Chen, Head of Bursa Malaysia’s Carbon Market, as she shares her pioneering experience in establishing Malaysia’s first Voluntary Carbon Market through the Bursa Carbon Exchange. Discover the complexities of VCM and learn how these efforts are advancing Malaysia’s sustainability transition. More information at https://lnkd.in/gngmuTe9 Register now at our conference site (limited seats available): https://lnkd.in/gBVzj5um #NCGS2024 #climategovernancemalaysia #NCGSMasterclass #NCGSWorkshop #sustainability #climateaction #carbonpricing

ESG Adoption in Malaysia's Corporate Sector: A Growing Trend Did you know that Malaysia's corporate sector is increasingly embracing ESG practices? As global pressure for sustainability rises, Malaysian companies are stepping up to integrate ESG into their strategies—not only for long-term growth but also to attract both local and international investors. As businesses in Malaysia align with global ESG standards, the potential for growth in the green economy is limitless. It’s time to embrace sustainability and drive positive change for a better tomorrow! #ESG #Sustainability #CorporateResponsibility #Malaysia #GreenBusiness #FutureOfBusiness #ESGAdoption #SustainableGrowth