KUALA LUMPUR: Global Compact Network Malaysia, the local network of the United Nations (UN) Global Compact and Capital Markets Malaysia, jointly launched the Global Compact Network Malaysia Centre of Excellence (COE) here last month.
The COE is set to drive the strategic development of the sustainability agenda and accelerate the performance of corporate Malaysia in supporting the Sustainable Development Goals (SDGs).
It will carry out capacity building activities to train companies in best-in-class corporate sustainability practices and conduct C-suite coaching sessions on reporting and engagement with institutional investors to ultimately prepare corporations to meet global sustainability standards and align themselves with the SDGs.
Capital Markets Malaysia, an affiliate of the Securities Commission (SC), will provide strategic support and seed funding for the COE as part of its initiative to position Malaysia as a regional centre of sustainable and responsible investment.
“The partnership between Global Compact Network Malaysia and Capital Markets Malaysia is certainly a step forward to enable and accelerate private sector performance in incorporating globally recognised sustainability standards, ” said SC chairman Datuk Syed Zaid Albar in a statement. — Bernama
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