The Malaysian Investment Development Authority (MIDA) and Perusahaan Otomobil Kedua Sdn. Bhd. (Perodua) are looking to establish an automotive component vendor ecosystem that is Environmental, Social, and Governance compliant to meet rising
global sustainability requirements and remain competitive in international supply chains.
Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of MIDA, stated, “Sustainability is no longer optional. It is a business imperative for companies seeking to compete in global supply chains. As ESG becomes an increasingly important factor in investment and sourcing decisions, Malaysian companies, particularly SMEs, must strengthen their sustainability capabilities to remain globally competitive. Through our collaboration with Perodua, MIDA is equipping local vendors with the knowledge, facilitation and financial support they need to accelerate their ESG journey through initiatives such as the Domestic Investment Accelerator Fund (DIAF) – ESG Adoption. By strengthening domestic capabilities today, we are helping Malaysian companies seize future opportunities while supporting the nation’s transition towards a more sustainable and resilient industrial economy.”
The programme builds on the successful collaboration between MIDA and Perodua under the MIDA–Perodua Digital Transformation Ecosystem (DTE) Programme by expanding the partnership beyond digitalisation to also strengthen ESG capabilities and promote sustainable business practices among local vendors. As global supply chains evolve, sustainability has become an increasingly important requirement for manufacturers seeking to remain competitive and meet international market
expectations.
MIDA reaffirmed its commitment to supporting Malaysian companies through strategic partnerships and targeted facilitation programmes. Through its collaboration with Perodua, MIDA continues to support local suppliers in strengthening their ESG
capabilities to meet evolving global sustainability requirements, thereby enhancing their competitiveness and resilience.
