Bursa Malaysia Berhad and UN Global Compact Network Malaysia & Brunei have announced their collaboration to work towards achieving the United Nations Sustainable Development Goals in their aim to collaboratively support responsible business conduct by incorporating the Ten Principles, which include areas on human rights, labour, environment and anticorruption, into strategies, policies and procedures.
They will together collaborate on several areas with shared priorities to develop common plans of actions in advancing the corporate sustainability agenda. Among others, it will include the development of a Corporate Sustainability Competency Framework. This framework aims to serve as a reference for determining job capabilities and core competencies for corporate sustainability professionals.
Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia said, “The Corporate Sustainability Competency Framework is essential for providing future professionals with the necessary competencies and skills to respond to the
sustainability challenges in an increasingly complex global environment.” This collaboration with UNGCMYB reaffirms Bursa’s commitment to make progress in building a sustainable marketplace. Meanwhile, Mr Faroze Nadar, Executive Director of UNGCMYB added that working with Bursa Malaysia signals the collective intention to raise the SDG Ambition of Malaysian businesses and to entrench corporate sustainability credentials, as the next competitive advantage, beyond price, quality and speed metrics for local and global trade.
The MoU will also leverage on the Exchange’s digital sustainability platform, BURSASUSTAIN to engage with stakeholders on pertinent sustainability issues and trends in Malaysia’s capital market. Both parties will also explore jointly organising events, conferences and workshops that will have a positive impact in driving the corporate sustainability agenda