UOB Malaysia has launched the Carbon Border Adjustment Mechanism (CBAM) Supply Chain Imperatives Masterclass to help businesses understand and prepare for the implementation of European Union’s (EU) CBAM requirements in 2026.
The CBAM is a carbon border tax that puts a fair price on the carbon emitted during the production of carbon-intensive goods entering the EU, and encourages cleaner industrial production in non-EU countries. The EU’s CBAM is currently in its transitional phase and will take full effect in 2026. This regulatory change will impact Malaysian businesses currently exporting to the EU as it will require them to use CBAM’s methodology to measure and report on the total carbon emissions embedded in the production of certain goods.
Ms Ng Wei Wei, Chief Executive Officer, UOB Malaysia, said, “The Carbon Border Adjustment Mechanism (CBAM) is expected to affect 75 per cent of Malaysian exports to the EU, Malaysia’s fourth largest export market. This new regulatory requirement will definitely further drive the importance of sustainability in the global supply chain. We remain focused on facilitating global trade, and the CBAM Supply Chain Imperatives Masterclass is just one of the many ways we help local businesses improve their competitiveness by providing them with the knowledge to prepare for the implementation of EU’s new regulation.”
The masterclass is curated exclusively by UOB Malaysia & PricewaterhouseCoopers Malaysia that aims to provide businesses with a deeper understanding on the topic of CBAM.
