Insights - Bernard Business Consulting

24 Jun 24

ISO 14025 for Sustainability: Communicate Your Product’s Environmental Impact Effectively

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In today’s environmentally conscious marketplace, consumers are increasingly seeking information about a product’s environmental impact throughout its lifecycle. The ISO 14025 standard provides a framework for businesses to effectively communicate this critical information. This article explores ISO 14025, its role in Environmental Product Declarations (EPDs), and the benefits it offers…

24 Jun 24

Malaysia Prime Minister: Embracing the ESG Mindset for a Sustainable Future

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Source: The Star “Here, we ought to remember that embracing ESG practices transcends mere regulatory compliance; it necessitates a shift in mindset to embrace the principles of environmental stewardship, social responsibility and governance excellence.” said the Prime Minister Datuk Seri Anwar Ibrahim, in his keynote address at the launch of…

19 Jun 24

ESG in Malaysia: What We Can Learn from the Leading Companies

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The term ESG (Environmental, Social and Governance) was first coined in 2004 by the United Nations Global Compact, pressing companies to be more responsible for their environmental and social impact. Investors are increasingly seeking out companies that demonstrate a commitment to sustainability, prompting businesses worldwide to integrate ESG considerations into…

11 Jun 24

Malaysia Considers Plastic Pollution Law: Can It Stop Us from Eating Microplastics?

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On 6 June 2024, Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad stated that the ministry is mulling the introduction of dedicated legislation to address plastic disposal and pollution. The ministry is in talks with the Economy Ministry to carry out a study on a national policy, discussing…

05 Jun 24

EU Cracks Down on Greenwashing: What is Greenwashing and What Businesses Need to Know

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With a growing focus on sustainability and environmental responsibilities, we have heard a lot of sustainability-related terms from the advertisement of consumer products or even some financial products, but do you really believe it? Investors and consumers are increasingly seeking out sustainable products and services. However, a deceptive marketing tactic…

31 May 24

Revolutionising Palm Oil: How Drones are Driving Sustainable Plantations in Malaysia

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Sustainable plantation management with drone technology empowers Malaysia to balance palm oil production and environmental health for a sustainable future. This ensures long-term resource use and a healthy planet for generations to come. Table of Contents What is Sustainable Plantation Management? Sustainable plantation management is the practice of cultivating plantations…

28 May 24

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

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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…

23 May 24

Carbon Credits: Bursa Carbon Exchange to Trade First Locally-Sourced Credits

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The Bursa Carbon Exchange (BCX) announced that an auction of carbon credits will be hosted in the end of June. This is going to be the first Malaysian-based carbon credits trading, with credits measured from the Kuamut Rainforest Conservation Project (‘Kuamut Project’), a conservation project aims to conserve and rehabilitate…

13 May 24

Mitigating Greenhouse Gas Emissions in Palm Oil Production: How Chlorine Dioxide Can Help?

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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,…

02 May 24

MIDA’s Domestic Investment Accelerator Fund – ESG Adoption: A Hands-On Guide for SMEs and Mid-Tier Companies

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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…