UNDP targets 50 companies to join MYCarbon by end 2015 to further reduce Greenhouse gas emissions

Dec 4, 2014

Kuala Lumpur, December 04, 2014 – UNDP Malaysia urges more private sector companies to join the MYCarbon programme to reduce Greenhouse gas emissions.

DIGI.com Berhad was awarded the MYCarbon Gemilang Award 2014 through voluntary reporting of their Greenhouse gas emissions reduction projects during the MYCarbon Awards ceremony here today. Other recipients were Kaneka (M) Sdn Bhd, Penfabric Sdn Bhd, SAJ holdings Sdn Bhd and Asta Chemicals Sdn Bhd.

The National Corporate Greenhouse Gas (GHG) Reporting Programme for Malaysia (known as MYCarbon), was launched on 3rd December 2013 pursuant to YAB Dato' Sri Mohd Najib bin Tun Haji Abdul Razak's pledge at the 2009 United Nations Summit on Climate Change in Copenhagen, stating Malaysia's commitment to a 40% reduction in terms of greenhouse gas emissions intensity of GDP (gross domestic product) by the year 2020, compared to 2005 levels.

The programme is implemented by the Ministry of Natural Resources and Environment Malaysia (NRE) in partnership with United Nations Development Programme (UNDP) Malaysia. MYCarbon's main objective is to establish the framework to support GHG reporting by organisations in a standardised and internationally recognised manner as well as to mobilise and sustain participation of organisations in the long term.

The official event took place at Bursa Malaysia, Kuala Lumpur and was graced by YB. Dato’ Sri Dr. James Dawos Mamit, Deputy Minister of NRE Malaysia, Ms. Michelle Gyles-McDonnough and YBhg. Dato’ Tajuddin bin Atan, Chief Executive Officer of Bursa Malaysia.

Michelle Gyles McDonnough urged more companies to join the 23 current companies involved by saying, “MYCARBON is a proactive response to the challenges we face.  This government-led voluntary approach on disclosing carbon emissions represents a part of Malaysia’s contribution to the global fight against climate change.  It will assist government and the private sector in understanding and measuring its sources of GHG emissions, as per the specified scope.  The more companies participating in this programme, the more data will be collected, which will contribute to government’s formulation of climate change policies based on science and evidence.  The 23 companies that have participated this year is a good start.  With the necessary support and increased awareness of the programme, we should be able to set a target of 50 companies, and double participation by end of 2015, because it is good for business.”

The awards ceremony was conducted with the support from EcoKnights, Bursa Malaysia, National Water Services Commission (SPAN) and Federation of Malaysian Manufacturers (FMM) and is to honour and recognise environmentally-conscious corporations in Malaysia that have voluntarily taken the initiative to quantify and report their greenhouse gas (GHG) emissions and designed and implemented plans to reduce their carbon emissions, moving towards more sustainable corporate operations.

Michelle added, “A growing number of companies now measure the GHG generated by their activities and assess their exposure to physical climate change impacts as well as changing market conditions and consumer preferences as a consequence of climate change. And we are seeing creditors and investors, as well as market analysts begin to factor climate change information into their assessment of companies and their perspectives for sustainable development, although this remains a limited practice.

I am glad to see that Bursa Malaysia, working closely with Ministry of Natural Resources and Environment, has initiated the process towards requiring more transparency and disclosure of sustainability performance of companies. In this way, the assessment and management of actual and prospective climate change related impacts has become an important element of corporate strategy and risk management.”

More than 100 individuals from the corporate sector, government, industrial associations, non-governmental organisations (NGOs), academicians as well as members of the media were invited to the event to witness the award.

To find out more information about MYCarbon, please log on to www.mycarbon.gov.my or connect via www.facebook.com/mycarbon.

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