A collaboration between CIMB Islamic Bank, Malaysia External Trade Development Corporation and Malaysian Green Technology and Climate Change Centre (MGTC) aims nurture local small and medium enterprises (SMEs) to accelerate the growth of green exporters in Malaysia.
FTSERussell reports that the global green market is valued at USD4.3 trillion in 2020.
In realising the importance of sustainability agenda for Malaysian economy and exports, MATRADE has embarked on its own sustainability initiative, like Corporate Shared Values Programme for exporters, or known as Sustainability Action Values that engages exporters to embrace the best practices of sustainability.
Under this umbrella, the three parties will have specific roles; CIMB Islamic will focus on providing financial facilities and facilitating consultancy, for exporters through its global network, MGTC will lend their expertise in creating awareness of local and internationally recognised sustainable standards and certification for exporters, while MATRADE will complement with marketing and promotion of green exporters through its globally connected network.
According to MATRADE’s CEO, Mohd Mustafa Abdul Aziz, the tripartite collaboration between MATRADE, MGTC and CIMB Islamic is timely to drive and strengthen Malaysia green exports.
For TS Shamsul Bahar Mohd Nor, CEO of MGTC, it is imperative to establish the right partnership in charting the path towards Malaysia’s green economy and supporting Malaysia’s green industry players in the international market. “But to ensure better access, companies are advised to meet the sustainability requirements which they can get from MGTC.”
The principles of environmental, social and governance in sustainability have become an integral part of business management.
Global consumers are advocating for supporting and buying products from companies that are committed to sustainability.