KUALA LUMPUR: Digital Minister Gobind Singh Deo has called for more companies to integrate digital innovations to support environmental, social and governance (ESG) practices, which will lead to data appreciation.
Gobind said companies will be able to boost productivity, create greener spaces as well as ensure better social wellbeing and governance with real time and calculated decisions.
"This will also help chart Malaysia's journey to a net-zero future. Malaysia has set its sights on achieving carbon neutrality by 2050, as part of the 12th Malaysia Plan.
"Such initiatives will ensure we remain on track," he said at the signing of a memorandum of collaboration (MoC) between Bursa Malaysia Bhd and MyDigital Corporation here today.
The MoC is aimed at empowering public listed companies (PLCs) in Malaysia to achieve their ESG goals through the adoption of digital technologies.
The MoC formalises the two parties' existing collaboration through the Malaysia Centre4IR ESG Innovation Challenge announced last month.
It was signed by Bursa chief executive officer (CEO) Datuk Muhamad Umar Swift MyDigital CEO and head of Malaysia centre for the Fourth Industrial Revolution (MYCentre4IR) Adrian Marcellus.
Both parties will leverage the 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.
It will also facilitate knowledge exchange between Bursa, MYCentre4IR and The Forum on critical topics related to sustainability and green initiatives.
In addition to the MoC signing, MyDigital also signed Memorandum of Understanding (MoU) with five Malaysian PLCs at the event.
They were namely CJ Century Logistics Holdings Bhd, Globetronics Technology Bhd, Malayan Banking Bhd, REDtone Digital Bhd and Sunway Innovation Labs.
The MoUs are an extension of the aforementioned MYCentre4IR Innovation Challenge.
The Innovation Challenge will culminate with a Demo Day at Bursa Malaysia on Nov 7 where five of the most promising ideas will receive pilot project funding opportunities and access to a network of industry leaders and investors.
Muhamad Umar said the challenge aims to developpartnerships between corporations and start-ups that yield mutually beneficial outcomes.
"It aims to promote the adoption of Fourth Industrial Revolution technologies that support ESG adoption, generating practical use cases that enhance operational efficiency and process automation capabilities, while simultaneously contributing to net-zero targets," he said.