To open its first SEA photovoltaic plant in Kulim Hi-Tech park
To open its first SEA production facility in Kulim Hi-Tech Park
To commit its first
regional data center to Malaysia
Announced decision to set up first production plant outside of Europe in Kedah
National Investment Aspirations to guide the New Investment Policy
The development of the New Investment Policy is critical in ensuring Malaysia remains a competitive destination for high-value investments which can deliver sustainable and holistic economic growth. By anchoring on a clear set of national priorities such as the National Investment Aspirations, the New Investment Policy ensures key changes are implemented to strengthen Malaysia’s foundations to develop new and existing high-value growth ecosystems, whilst ensuring future policies and investments are targeted at delivering maximum mutual value to investors and the nation alike
ESG as a key overarching theme for the National Investment Aspirations
A key priority for the New Investment Policy involves introducing initiatives targeted at strengthening Malaysia’s foundations in adopting enhanced ESG standards, in-line with global megatrends. This includes ensuring that clear actions plans are created to cascade National-level targets, such as achieving Net Zero earliest by 2050, into actionable milestones for the rest of ecosystem which are closely monitored through a whole-of-ecosystem accountability mechanism. Furthermore, is exploring mechanisms to strengthen the ESG reporting practices of companies and to incentivise companies to embed ESG practices within their business.
Key highlights of Malaysia’s ESG progress
Green Technology Application for the Development of low Carbon Cities (GTALCC)
5-year project that facilitates carbon-reduction initiatives amongst Malaysian cities e.g. by adopting low-carbon tech investments and effective policy making.
Joint Committee on Climate Change
Dedicated collaborative taskforce to build climate resilience within Malaysia's financial sector. This includes the development of guidelines and capacity building programs to advance climate risk management and climate scenario analysis.
National Energy Efficiency Action Plan (NEEAP)
10-year plan to reduce electricity consumption and electricity demand growth by outlining strategic framework for enhanced energy efficiency.
Green Technology Master Plan (GTMP) Malaysia 2017-2030
Strategic blueprint to strengthen role of green technology in sustainable national growth; plan sets targets to achieve sustainable utilization of natural resources across energy, maufacturing, transportation, builiding, waste and water sectors.
Sustainable and Responsible Investment (SRI) roadmap
5-year roadmap to chart the role of the capital market in driving Malaysia's sustainable development by widening the range of SRI instruments and strengthening internal governance structures within the SRI ecosystem.
Corporate Governance Guide
Guide is aimed at providing guidance to Bursa Malaysia listed issuers to promote effective board leadership and internal control frameworks.
Green Tech Financing Scheme (GFTS 2.0)
Financial scheme launched to encourage local companies and entrepreneurs to be involved in green technology-based projects to support the national green technolgy agenda.
Green Investment Tax Allowance
Initiative to encourage the investment of green technologies. It is an investment tax allowance of 100% qualifying capital expenditure (CAPEX) incurred on approved green technology assets.
Malaysia’s First Green Sukuk
An innovative channel to address global funding gaps in green financing by facilitating the growth of green sukuk via the introduction of innovative financial instruments to tackle global infrastructure needs and green financing.
Six strategic thrusts to drive the National Investment Aspirations
Six strategic thrusts have been defined to achieve these target outcomes, and, by extension, NIA ambitions. The strategic thrusts aim to address a number of systemic challenges hindering investments, as identified through extensive consultation with stakeholders and detailed analysis of the challenges. The six strategic thrusts provide a foundation for the overarching strategy to strengthen Malaysia’s investment ecosystem
Unified Investment strategy to laser focused delivery on NIA and ESG
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Agile and forward-looking incentive packages that
meet needs of investors
IPA landscape with clear roles and responsibilities for A simplified investor journey
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Accelerated innovation ecosystem to nurture high quality investments
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Vibrant talent pool that meets needs of labour market
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Streamlined business environment for improved ease of doing business
Read MoreOur local champions share a similar commitment to ESG
PETRONAS aspires to achieve net zero carbon emissions by 2050, the first energy company in Southeast Asia to support the Paris Agreement.
Malaysia Aviation Group is committed to promote socio-economic development and achieve net zero carbon emissions by 2050
Maybank Group is committed to net-zero carbon emissions by 2050
CIMB Group is committed to phasing coal out of portfolio by 2040
Sime Darby Property is committed to meet its 18 Sustainability Goals by 2030
Nestlé Malaysia are dedicated to using 100% responsibly-sourced palm oil and 100% RSPO-certified palm oil by 2023
RHB commits RM5b to support green financing by 2025
Sunway Group plans to source 25% of electricity from renewable energy sources by 2030
In line with Astro's ESG commitment, Astro has achieved 19% reduction in greenhouse gas emissions between 2018-2020, equivalent to planting 153,375 trees, among others
