Bursa Malaysia Berhad has signed an MOU with Westports Holdings Berhad and OCBC Bank (Malaysia) Berhad, making
them the latest adopters of the Centralised Sustainability Intelligence Platform. The aim is to widen adoption among Malaysian companies, particularly within the transportation and logistics sectors, through improved Environmental, Social and Governance data transparency and interoperability.
The CSI Platform, which was developed by Bursa Malaysia in collaboration with the London Stock Exchange Group, will serve as a repository for sustainability disclosures by Malaysian listed companies, along with disclosures by local and international suppliers throughout their supply chains. Additionally, it will enable companies to calculate and track their carbon emissions impact, while subsequently facilitating green financing and decarbonisation efforts.
Westports’ extensive global presence connected to major ports worldwide will provide useful insights into ESG measures
in port operations and logistics, a key sector for Malaysia as a trading nation.
The CSI Platform will enable OCBC Bank to enhance the ESG supply chain through provision of sustainable financial solutions, to facilitate corporates to manage and reduce their respective Scope 3 emissions. Companies seeking to improve their carbon footprint will have access to a variety of offerings and assistance from OCBC Bank, such as ESG Advisory and Sustainable Supply Chain Financing to incentivise and reward businesses with low carbon intensity models, aligning with sustainability linked financing principles.
The MoC marks Bursa Malaysia’s fourth collaboration and the first in the transportation and logistics sectors. It follows the Exchange’s previous MoC signings to on-board early adopters from the oil and gas, automotive, as well as property and manufacturing sectors onto the Platform.
