Sustainability Reporting Standards: IFRS & EFRAG Release Guidance for Both ISSB & CSRD Compliance

On 2 May 2024, the International Financial Reporting Standards (IFRS) Foundation and European Financial Reporting Group (EFRAG) together published a guidance for companies complying with both ISSB and CSRD sustainability reporting standards. The IFRS Foundation and EFRAG are organizations that set international standards for sustainability reporting. The ISSB (International Sustainability Standards Board) standards were released […]
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Mitigating Greenhouse Gas Emissions in Palm Oil Production: How Chlorine Dioxide Can Help?

Malaysia’s palm oil industry, a giant supplying a third of the world’s consumption (78 million metric tons in 2023) and contributing significantly to its GDP (2.4%), faces a critical challenge: greenhouse gas (GHG) emissions from production waste. Mitigating these emissions is not just environmentally crucial but essential for the industry’s survival. The EU, a major export market, is phasing out palm oil […]
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MIDA’s Domestic Investment Accelerator Fund – ESG Adoption: A Hands-On Guide for SMEs and Mid-Tier Companies

The emphasis on Environmental, Social, and Governance (ESG) principles within Malaysia’s Budget 2024 signifies a progressive step towards a sustainable future. Recognising this, the Malaysian Investment Development Authority (MIDA) has taken a proactive initiative to empower domestic small and medium enterprises (SMEs) and mid-tier companies (MTCs) in their ESG and sustainability journeys by introducing the […]
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Managing Greenhouse Gas Emissions: A Guide for Malaysian SMEs

In today’s world, greenhouse gas emissions are a pressing issue that all small and medium-sized enterprises (SMEs) must address. A company’s greenhouse gas disclosure is closely linked to its attractiveness to institutional investors and is now an integral part of risk assessment. As regulations and stock exchange requirements drive multinational corporations and listed companies to […]
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Malaysian Government Approved Environmental Quality (Amendment) Bill 2023 with Tougher Enforcement for Sustainability

On 25 March 2024, the Malaysian government made substantial strides to combat environmental pollution with the Environmental Quality (Amendment) Bill 2023, the amendment from the Environment Quality Act 1974 (Act 127). The proposed amendments to the Act are expected to significantly bolster enforcement capabilities, discourage environmental crimes and pollution, and ultimately allow for a more […]
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Landmark Case: KLM Fined for Greenwashing in Sustainability Ads  

A Dutch court has dealt a blow to greenwashing in the aviation industry with a landmark ruling against KLM Royal Dutch Airlines. The court determined that KLM’s advertising campaign, promoting its environmental initiatives under the banner of “Fly Responsibly,” was misleading consumers. This decision sets a potentially significant precedent for airlines’ communication strategies for reducing […]
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