Gearing towards a circular economy


Thoughts to ponder: Day one of the CEC 2021 gave an overarching view on Malaysia’s progress towards a circular economy, such as in the panel discussion Investments and Innovations, which featured (from left) PwC’s Chan, UOB’s Goh and MaGIC’s Mohd Safuan.

KUALA LUMPUR: A circular economy can help in bringing sustainable benefits to Malaysia, in tandem with opening up opportunities that can profit businesses in the long run.

This was the key message threading through the different sessions of day one of the Circular Economy Conference (CEC) 2021.

Those keen to attend the conference today, which is the last day of the event, can register at bit.ly/CircularEconCon2021 to understand the benefits of implementing and incorporating circular economy policies into business practices.

Participants can gain insights from thought leaders and industry leaders on how they can tap into the existing gaps in the circular economy to take the next step in the journey.

The CEC 2021 is part of Star Media Group’s 50th Anniversary knowledge-sharing and educational initiative and is supported by platinum sponsor UOB Malaysia Bhd and gold sponsor Malaysian Global Innovation and Creativity Centre (MaGIC).

Visit bit.ly/StarCEC2021 for more information.

While the first day focused on an overview of the circular economy, the second day will dive further into insights and knowledge-sharing from businesses that are leading the way.

There will be a panel discussion on the 3Ps of Sustainability, which will see the participation of BASF (Malaysia) Sdn Bhd managing director and Malaysia-Singapore business area head Goh Eng Leong, iHandal Energy Solutions chief executive officer Aaron Patel and Green Growth Foundation executive director Dr Mahadi Mohamad.

The session will be moderated by BDO Malaysia advisory executive director Pam Lee Wen Ai.

In order to facilitate other businesses keen to tap into opportunities in the circular economy, CEC 2021 will also be inviting industry players to share their case studies and experiences.

This includes ChopValue CEO and founder Felix Bock on Making Waste A Resource, Malaysian Global Innovation and Creativity Centre (MaGIC) social innovation team assistant manager David Lim, ERTH founder Mohamed Tarek El-Fatary in “Buy for Impact: Creating Impact, One Purchase at a Time”, and UOB group wholesale banking oil, gas and chemicals head Joseph Poh on Trends and Opportunities for “Plastics Recycling in the Circular Economy” for the first half of the conference.

Fathopes Energy CEO and founder Vinesh Sinha will share how to create a “Multi-Bottom Line Business Model to Create Significant Impact”, Hydroleap CEO and founder Dr Mohammad Sherafatmand on “Revolutionising Water Treatment”, Landasan Lumayan managing director Syaiful Azmen Nordin on “Diverting Waste from Landfills” and Biji-Biji Initiative group CEO Rashvin Pal Singh on “Capturing the Value of Waste”.

Yesterday, the conference kicked off with a keynote speech by UOB chief sustainability officer Eric Lim, who noted that transitioning from today’s linear economy to a circular one could generate US$4.5 trillion (RM18.9 trillion) in annual economic output by 2030, meaning that businesses will do well to heed the winds of change and adapt their business to include environmental, social and governance considerations.

This was followed by a session by Malaysian Investment Development Authority deputy CEO Ahmad Khairuddin Abdul Rahim, who shared information on government policies, investment facilitation and benefits for businesses and investments that focus on closing the loop in the circular economy.

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