Bursa Malaysia Berhad, in partnership with the UK government’s Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) programme, is set to pave the way for greater investment aimed at supporting the energy transition and advancing the United Nations Sustainable Development Goals (SDGs) in Malaysia.
At a ceremony held at the Tun Razak Exchange today (Apr 16), Bursa Malaysia and MOBILIST formalised their collaboration by signing a Memorandum of Understanding.
MOBILIST, a part of the British Investment Partnerships (BIP), focuses on leveraging public markets to catalyse new investment solutions and financial products conducive to supporting the SDGs and achieving net-zero transitions in emerging markets and developing economies.
This collaboration aligns with Malaysia’s strategic objective of mobilising investment to address critical sustainable development challenges and propel the nation towards a greener future.
The benefits of the collaboration for Malaysia
The collaboration between Malaysia and the MOBILIST programme aims to address the significant financial requirements of Malaysia’s energy transition.
With estimated costs ranging from RM60 to RM90 billion for critical projects such as expanding public transportation and strengthening grid infrastructure, the collaboration seeks to provide sustainable investment opportunities to fund these initiatives.
MOBILIST will leverage its strategic approach to support Malaysia’s clean energy ambitions by working with Bursa Malaysia and its network to identify sustainable investment products for listing on the Exchange.
This collaboration reflects the importance of regional and international cooperation in achieving decarbonisation goals and fostering renewable energy sources.
Bursa Malaysia, Chairman, Tan Sri Abdul Wahid Omar emphasised the significance of initiatives aimed at advancing SDGs and combating climate change, saying, “We are pleased to be collaborating with the MOBILIST programme to bring greater innovation to Malaysia’s capital market for this purpose.”
Furthermore, Bursa Malaysia, Chief Executive Officer, Datuk Muhamad Umar Swift expressed excitement about connecting MOBILIST with Malaysia’s extensive network to identify promising sustainable investments.
He highlighted the collaboration’s role in bridging the critical climate financing gap and fostering the creation of innovative financial products to drive the green transition.
British High Commissioner to Malaysia, Her Excellency Ailsa Terry, in her addressed, underscored the importance of MOBILIST in mobilising private finance for climate action and sustainable development, reinforcing international cooperation in environmental sustainability.
Ross Ferguson, who leads the MOBILIST programme at the UK Foreign Commonwealth and Development Office (FCDO), emphasised the pivotal role of stock exchanges like Bursa Malaysia in facilitating capital flows towards firms addressing development challenges and climate transition.
MOBILIST seeks to partner with financial institutions within Bursa Malaysia’s ecosystem, offering equity capital and technical assistance to support Malaysia’s sustainability agenda.
