Bursa Malaysia to introduce carbon market exchange

“Stakeholder engagement is key in facilitating greater understanding among industry players to enable their participation in the VCM Exchange, and in order to meet environmental, social and governance requirements required by parties such as lending institutions,” said Bursa Malaysia CEO Datuk Muhamad Umar Swift.

PETALING JAYA: Bursa Malaysia Bhd will launch its Voluntary Carbon Market (VCM) exchange later this year which will enable companies to purchase voluntary carbon credits from climate – friendly projects and solutions.

“Stakeholder engagement is key in facilitating greater understanding among industry players to enable their participation in the VCM Exchange, and in order to meet environmental, social and governance requirements required by parties such as lending institutions,” said Bursa Malaysia CEO Datuk Muhamad Umar Swift.