Pantas Software Sdn Bhd (“Pantas”) has recently signed a Memorandum of Understanding (“MoU”) with Solarvest Holdings Bhd (“Solarvest”) to incorporate Solarvest’s advanced clean energy solutions into Pantas’ network of partners and work together to create an essential smart metrics system. Under ponsorship of Bank Negara Malaysia’s Greening Value Chain (GVC) programme, this carbon monitoring software will provide recommendations for decarbonisation strategies and actions.
Pantas Software Sdn Bhd, Chief Executive Officer, Max Lee said, “Our partnership with Solarvest is not just a collaboration; it’s a fusion of Pantas’ robust carbon management platform with Solarvest’s renewable energy expertise. At Pantas, we’re proud to bring our end-to-end climate technology platform to this alliance, providing a critical tool for businesses to measure, manage, and reduce their carbon footprint. Together, we’re setting a new standard in environmental stewardship, offering bespoke decarbonisation strategies that empower businesses to navigate towards a sustainable, low-carbon future.”
The collaboration will be leveraging Pantas’ AI-powered Carbon Management and ESG platform to seamlessly measure, reduce and report customers’ carbon footprint, and subsequently offer tailored decarbonisation solutions. Solarvest is set to act as the decarbonisation partner, offering incentives and support to Malaysian businesses venturing into sustainable practices. Meanwhile, Pantas will function as the digital partner, enhancing clean energy solutions with actionable data insights. Together, they will provide an end-to-end decarbonisation journey aimed at facilitating a simplified and expedited renewable energy adoption.
Solarvest, Executive Director and Group Chief Executive Officer, Mr. Davis Chong Chun Shiong added, “Solarvest is thrilled to enter the digital space helping businesses in achieving their ESG goals. Pantas’ revolutionary decarbonisation solutions effectively manage carbon footprint, leading to actionable decarbonisation plans. What is important next is the financing. Research found nearly half (46%) of the Malaysia’s business lack a budget for sustainability initiatives. To address this issue, it is crucial to look into the gaps in tax incentives and financing options such as Green Investment Tax Allowance (GITA), Green Income Tax Exemption (GITE), and Green Technology Financing Scheme (GTFS) to lower the entry barrier, making renewable energy more viable and attractive.”
Businesses can capitalise on the recent collaboration between Pantas and Solarvest by accessing BNM’s Low Carbon Transition Facility (LCTF). This facility, available to SMEs across all sectors, offers financing of up to RM10 million at a maximum rate of 5% per annum for a tenure of up to 10 years. The funds obtained from the LCTF can be utilized for capital expenditure or working capital to kickstart or support the transition to low carbon and sustainable operations.
