A new partnership aims to advance sustainable and responsible investment practices through greater ESG awareness and collaboration.
The Malaysian Investment Development Authority (MIDA) and the UN Global Compact Network Malaysia & Brunei (UNGCMYB) signed a Memorandum of Understanding (MoU) on 30 May 2025 in Kuala Lumpur, marking a significant step towards accelerating sustainable investment in Malaysia.
The agreement united MIDA鈥檚 national investment promotion role with UNGCMYB鈥檚 sustainability expertise, setting a collaborative path to promote the adoption of environmental, social, and governance (ESG) principles across the Malaysian business landscape. Both organisations highlighted their commitment to advancing the nation鈥檚 transition to a more inclusive and sustainable economy.
Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, underlined the importance of sustainability in attracting future-ready investments. He reaffirmed the agency鈥檚 commitment to supporting Malaysia鈥檚 Net Zero 2050 targets and MITI鈥檚 Green Investment Strategy (GIS). Mr. Faroze Nadar, Executive Director of UNGCMYB, described the partnership as a strategic move to bridge the gap between ESG awareness and practical implementation.
The MoU outlined collaborative initiatives such as organising conferences, roundtables, and development programmes centred on ESG and broader sustainability issues. As a first step under this partnership, MIDA announced its role as a strategic partner in the Forward Faster Symposium 2025, UNGCMYB鈥檚 flagship sustainability event, set to take place on 5 June 2025 at MIDA鈥檚 headquarters.
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