UOB Malaysia launches Masterclass to help businesses for EU's Carbon Border Policy

KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) has launched the Carbon Border Adjustment Mechanism (CBAM) Supply Chain Imperatives Masterclass aimed at assisting businesses in comprehending and preparing for the European Union's (EU) CBAM requirements set for 2026.

The CBAM is a carbon border tax that puts a fair price on the carbon emitted during the production of carbon-intensive goods entering the EU, and encourages cleaner industrial production in non-EU countries.