As global awareness of climate change increases, the demand for sustainable solutions such as carbon neutral computing intensifies, signalling a unified move towards a greener future.
Countries worldwide, including China, the United States, India, and the European Union, are implementing strategies to achieve net zero emissions by 2050.
This global movement is mirrored in Malaysia, where the push for environmental sustainability is reshaping the business landscape, especially among public-listed companies (PLCs).
In Malaysia, public-listed companies are increasingly under scrutiny to reduce their carbon footprints and pivot towards green operations.
In a significant move, Bursa Malaysia Securities Berhad has revamped its sustainability reporting framework, introducing new climate change reporting requirements for public-listed companies on its Main and ACE Markets.
Announced in September 2022, Bursa Malaysia emphasised, "This initiative is part of a phased strategy starting in the financial year ending in 2023."
"It aims to enhance sustainability practices and disclosures among Malaysian companies, aligning them with international best practices in the fight against climate change and enhancing their resilience and competitive edge."
This move is expected to not only improve transparency but also attract more investment by demonstrating a commitment to the transition towards a net-zero economy.
Moreover, by implementing these standards in a phased manner, Bursa Malaysia is driving a significant shift in the sustainability reporting landscape, encouraging companies to continually advance their sustainability practices.
This commitment from Bursa Malaysia not only underlines its dedication to environmental preservation but also sets a new benchmark for corporate responsibility in the region.
The drive towards sustainability is not just for large corporations; SMEs, too, can benefit from adopting ESG principles into their operations.
According to Kishan Jasani from Grant Thornton Malaysia, an increasing number of Malaysian SMEs are adopting a proactive approach to ESG initiatives, embracing their roles as responsible corporate citizens.
This shift is not only a matter of ethical responsibility but also a strategic business move. SMEs adopting ESG practices can:
Furthermore, with financial incentives like lower interest rates, adopting ESG practices is not just good practice—it's a savvy business move that can lead to tangible benefits.
ICT Zone is a premier partner in sustainability, committed to helping businesses achieve a significant environmental impact without sacrificing competitive advantage in an eco-conscious market.
The company's commitment to eco-friendliness is proven by key certifications like the ISO 14001:2015 for Environmental Sustainability and the MyHijau Mark, emphasising its focus on promoting green initiatives in Malaysia.
Additionally, as a recognised HP Partner with a 4-star HP Amplify Impact Badge, ICT Zone incorporates Carbon Neutral Computing Services (CNCS), supported by HP, to deliver technology solutions that boost businesses while taking care of the planet.
Here are the benefits of ICT Zone's carbon neutral computing services that make a difference:
Explore how ICT Zone’s carbon neutral computing service can transform businesses with sustainable solutions today!