- JC3’s Greening Value Chain program will be used to help Entrepreneurs with funding and power development.
- Businesses will benefit from the platform’s ability to speed up decarbonization processes and optimize their coal reporting requirements.
A Centralized Sustainability Intelligence ( CSI ) Platform is being developed by Bursa Malaysia for use by both publicly traded companies( PLCs ) and unlisted small and medium-sized enterprises( SMEs ). These businesses will be able to evaluate their impact on carbon emissions using the system and share standardized ESG data in accordance with regional and international requirements.
The Joint Committee for Climate Change ( JC3)’ s Greening Value Chain ( GVC ) program, which aims to help Malaysian businesses, especially SMEs, green their operations, will also benefit from the CSI Platform. Users of the CSI Platform are eligible to participate in the GVC program as a result of this partnership, while SMEs who are thinking about doing so can use the monitoring tool.
” We are thrilled to increase the value of the CSI Platform and make it easier for more Entrepreneurs to use JC3’s GVC program and shift financing facilities.” According to Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia, by pooling our resources, we hope to create opportunities and boost enterprise value across the whole ecosystem, including regulators, policymakers, PLC, SMEs, and financial institutions.
Through the Low Carbon Transition Facility, which offers better rates and power building to determine, track, and document on greenhouses gass( GHG ) pollution, Indonesian SMEs may have access to funding services as part of the GVC program.
Contrarily, the CSI program will provide three main advantages: streamlined monitoring, accelerated decarbonization, and improved financial access. Companies will save time and money thanks to the streamlined reporting feature because reports against international standards like the Global Reporting Initiative ( GRI ), Task Force on Climate-Related Financial Disclosures ( TCFD ), and upcoming International Sustainability Standards Board ( ISSB ) only need to be submitted once. The needs of stakeholders, such as investors, customers, and financial institutions, can then be met using the production or reports produced.
Additionally, businesses will be able to track their carbon emissions across the benefit chain, enabling them to use system data to create efficient decarbonization strategies.
Eventually, the platform aims to offer insightful data on conservation efficiency that will help businesses get more money for green initiatives. & nbsp,
The CSI Platform has also been designated as a tool for implementing the New Industrial Master Plan, which may initially concentrate on areas that will be most impacted by the Cross Border Adjustment Mechanism, and was announced in the Ministry of Investment, Trade and Industry.