On 12 April 2023, Segi Enam’s Khor Yu Leng moderated a panel session on "Building sustainable supply chain management in Malaysia - headwinds vs tailwinds" at the 3rd German-Malaysian Business Forum on ESG - organised by the Malaysian-German Chamber of Commerce and Industry (MGCC). The main focus of this forum was on ESG Supply Chain Management.
The list of panelists:
Klaus Burkart, COO & Co-Founder of Cargodian GmbH;
Vimala Arumugam, Managing Director of BASF (Malaysia) Sdn Bhd;
Dr Meenachi Muniandy, Senior Director and Head of Industry ESG Division of the Ministry of International Trade and Industry (MITI); and
Bilal Parvaiz, Executive Director & Head Islamic Corporate, Commercial & Institutional Banking of Standard Chartered Saadiq Berhad.
Here are some key points from this panel discussion. The panelists spoke about how net zero commitments drive scope 3 and supply chain efforts on ESG. The financial sector is helping to drive changes while offering some incentives, with a push from central banks in each country. The actions of large corporations have led the way, and buyers can help supply chain partners understand requirements. MITI and other government agencies are working to help smaller players confused by ESG needs.
New Malaysia ESG policy frameworks for the industry is coming out in 3Q this year, and carbon pricing scenarios for Malaysia are being assessed. The increasing availability of cost-effective solutions is a positive. The opportunity is in leveraging OPEX and CAPEX spending into billions for company bottom-lines. Moreover, new jobs in green and support sectors will be on the rise.
research@segi-enam.com | 13 April 2023