Bursa Malaysia aims to be carbon neutral by 2022


Bursa Malaysia chairman Tan Sri Abdul Wahid Omar said, in a statement yesterday, that the stock exchange operator would systematically manage its carbon footprint across the exchange’s entire business activities, while reducing emissions in line with a net zero future.

KUALA LUMPUR: Bursa Malaysia Bhd is targetting to become carbon neutral by 2022 and achieve net zero emissions by 2050 across its entire operations, in line with the global drive for decarbonisation.

Bursa Malaysia chairman Tan Sri Abdul Wahid Omar said, in a statement yesterday, that the stock exchange operator would systematically manage its carbon footprint across the exchange’s entire business activities, while reducing emissions in line with a net zero future.

Bursa Malaysia will participate in global campaigns, “Business Ambition for 1.5°C” and “Race to Zero”, to support the transition to a climate resilient and inclusive economy.

“Climate change poses a significant threat to our planet and society. It is in everyone’s best interests to work towards a systemic change that prevents a climate catastrophe.

“I believe it is important for all companies regardless of size, industry and operating models to scale-up their climate contributions with firm commitments and concerted actions towards achieving a climate-resilient future.”

In the same statement, Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift said climate change has always been a priority for Bursa Malaysia.

“In 2018, we became a supporter of the task force on climate-related financial disclosures recommendations and have since carried out numerous climate education initiatives with our listed issuers and the broader capital market ecosystem.”

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Bursa , carbon , emissions , Abdul Wahid Omar ,

   

Next In Business News

Asian stocks strengthen but futures show bounce could be short lived
Bursa Malaysia to close on Monday, Oct 11 for Maulidur Rasul
Overall market stays bullish on Budget 2023 hopes, improved global sentiment
Thai headline CPI rises 6.41% y/y in Sept, less than forecast
Proton's sales exceed 100,000 units end-Sept 2022
BNM: Islamic financial sector must continue to advance amid global challenges
Shares in Hibiscus Petroleum up 10% on the back of capital reduction plan, oil price rally
Ringgit marginally higher on rising risk sentiment ahead of Budget 2023
Bursa rally picks up speed as global sentiment turns positive
Trading ideas: Hibiscus Petroleum, Dolomite, Econpile, Majuperak and MSM Malaysia

Others Also Read