- signed MoUs with 5 PLCs in Malaysia
- MoC helps govt’s push for companies to promote ESG goals through online transition
MyDigital Corporation and Bursa Malaysia Berhad have entered into a Memorandum of Collaboration ( MoC ) to empower Public Listed Companies ( PLCs ) in Malaysia to achieve their Environmental, Social, and Governance ( ESG) goals through the adoption of digital technologies. Through the Malaysia Centre4IR ESG Innovation Challenge, which was announced last month, the MoC formalizes the two factions ‘ previous engagement.
The MoC was signed by Umar Swift, CEO of Bursa Malaysia, and Adrian Marcellus, CEO of MyDIGITAL Corporation and head of the Malaysia Centre for the Fourth Industrial Revolution ( MYCentre4IR ). The filing meeting was witnessed by Gobind Singh Deo, Minister of Digital Malaysia, and Abdul Farid al Alias, Senior Independent Non-Executive Director of Bursa Malaysia.
The MoC supports companies in accelerating their ESG excursion through online transformation by working with the government through the Ministry of Digital. In particular, there is an emphasis on the need for Fourth Industrial Revolution ( 4IR ) technologies to be at the forefront of this transformation, enabling corporates to address pressing challenges, the parties stated in a statement.
Under the context of the MoC, MyDigital Corporation and Bursa Malaysia did examine a range of activities, including:
- Co-Authoring Thought Leadership Publications: Leveraging the Malaysia Centre for the Fourth Industrial Revolution ( MYCentre4IR ) network, in affiliation with the World Economic Forum ( The Forum ), to produce content on sustainability, green supply chain management, digital transformation, and other related fields.
- Best Practices Exchange: Facilitating information exchange between Bursa Malaysia, MYCentre4IR, and The Forum on important matters related to conservation and natural activities.
- Hosting the Malaysia Centre4IR ESG Innovation Challenge: An development issue that connects Malaysian PLCs with vivid imaginations and promising companies and entrepreneurs from all over the world. The objective is to find creative solutions that address business issues, which might lead to an increase in business competitiveness and benefiting businesses and the atmosphere.
Gobind commented,” This event is testament to our government’s continued digital conversion trip. Additionally, it demonstrates the government’s strong desire to place ecology at the center of our growth plans.
He added,” I was pleased to read that the article addressed Bursa Malaysia’s requirement for publicly-listed companies to disclose their sustainability practices in their annual reports. In truth, the article also highlighted the Malaysia Centre4IR ESG Innovation Challenge. The initiative exemplifies how partnerships and innovation can contribute to important environmental progress, the organization continued.
Commenting on the engagement, Umar Swift said,” At the Exchange, we have long recognised online acceleration as a vital enabler for driving sustainable development and competitive benefit among Indonesian companies. This MoC with MyDigital Corporation is a positive move in our efforts to spread the concept that ESG and digitalization go hand in hand to promote sustainable development.
” We anticipate that the collaboration’s activities will encourage and motivate more businesses to use digitalization features to enhance their entire ecology performance and operational efficiency,” he added.
Adrian Marcellus remarked,” Tomorrow’s MoC with Bursa Malaysia is a crucial step in our shared goal to improve conservation through electronic technology. We want to promote sustainability and collaborate to create a more adaptable and future-ready modern surroundings by leveraging MYCentre4IR’s partnership with the World Economic Forum.
” We look forward to the Malaysia Centre4IR ESG Innovation Challenge and the thought-leadership and capacity-building activities that will be part of this partnership with our anchor business lovers,” he continued.
MoUs with 5 Malaysian PLCs
At the signing of the MoC, MyDigital Corporation also signed Memoranda of Understanding with five Malaysian PLCs, including CJ Century Logistics Holdings Berhad, Globetronics Technology Berhad, Malayan Banking Berhad, REDtone Digital Berhad, and Sunway Innovation Labs ( representing Sunway Group ).
These MoUs are an extension of the preceding MYCentre4IR Innovation Challenge. On November 7, 2024, the Innovation Challenge will result with a Demo Day at Bursa Malaysia, where five of the most promising suggestions may receive funding opportunities for pilot projects as well as access to a community of business leaders and traders.
Visit the Malaysia Centre4IR ESG Innovation Challenge’s website for more details and how to take part.