September-October , 2022 | @ green
ISES 2022
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“ The announcement by the Prime Minister to increase forest cover in Peninsular Malaysia from 43 per cent to 50 per cent of the land mass is most welcome . It will be the Ministry of Energy and Natural Resources ( KeTSA ) initiative to plant 100 million trees , which I think is a great initiative to be undertaken . Previously , there were plans to build three coal-fired power plants in 2031 , 2034 and 2037 . This is now off the table .”
He then shared a study by WWF-BCG stating that Malaysia needed RM350 million to RM400 million in cumulative investments to achieve the Net Zero target by 2050 . It sounds like a huge amount , but he said the figure represented less than one per cent of the country ’ s annual GDP , making it a viable target .
Bursa Malaysia supports the low-carbon transition
In December 2014 , Bursa Malaysia Berhad launched the FTSE4Good Bursa Malaysia ( F4GBM ) Index to measure the performance of public-listed companies ( PLCs ), demonstrating strong ESG practices . This introduction of the F4GBM Index is crucial in supporting the transition to lower carbon and a more sustainable economy as it actively promotes sustainability among Malaysia ’ s PLCs .
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In July 2021 , Bursa Malaysia and FTSE Russell launched the FTSE4Good Bursa Malaysia Shariah ( F4GBMS ) Index to cater to investor demand for ESG and Shariah-compliant index solutions . The F4GBMS Index is designed to track constituents in the F4GBM Index that are Shariah-compliant .
These indices aim to :
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• Support investors in making ESG investments in Malaysian listed companies ;
• Increase the profile and exposure of companies with leading ESG practices ;
• Encourage best practice disclosure ; and
• Support the transition to lower-carbon and a more sustainable economy . – @ Green
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Therefore , if we are going to achieve the Net Zero target , the biggest impact would come from decarbonising the energy sector and preserving our forests .” – Abdul Wahid |
About Tan Sri Abdul Wahid
TAN SRI Abdul Wahid Omar is the Chairman of Bursa Malaysia Berhad and Universiti Kebangsaan Malaysia ( UKM ). He is regarded as one of Malaysia ’ s most versatile corporate leaders , having successfully led four major organisations in infrastructure development , telecommunications , financial services and investment management .
He served as Group Chairman of Permodalan Nasional Berhad ( PNB ), Malaysia ’ s largest fund management company , from August 2016 to June 2018 , following the completion of his term as a Senator and Minister in the Prime Minister ’ s Department in charge of Economic Planning from June 2013 to June 2016 .
Prior to his cabinet appointment , Abdul Wahid was formerly the President and CEO of Maybank , Malaysia ’ s most prominent publiclisted company and one of the leading banking groups in Southeast Asia , from May 2008 . He was credited with transforming Maybank into a regional banking group and a global leader in Islamic finance .
Before joining Maybank , he was the Group CEO of Telekom Malaysia Berhad ( TM ) from July 2004 until its demerger with Axiata Group Berhad in April 2008 . He was also formerly the MD / CEO of UEM Group Berhad , his first role as CEO at age 37 .
He successfully led the turnaround of UEM Group , Malaysia ’ s most significant infrastructure development conglomerate ( which owned PLUS Expressways ), following its takeover by sovereign wealth fund Khazanah Nasional in 2001 .
Abdul Wahid is a member of the Association of Chartered Certified Accountants ( ACCA , UK ), the Institute of Chartered Accountants in England & Wales ( ICAEW ) and the Malaysian Institute of Accountants ( MIA ).
He has received numerous awards throughout his career . It includes Malaysia ’ s CEO of the Year 2006 award from Business Times / American Express , The Asian Banker ’ s 2013 Leadership Achievement Award for Malaysia and The Edge Value Creator award 2013 .
He was also awarded the Honorary Doctorate in Economy from Multimedia University , Malaysia ( MMU ) in 2014 and Honorary Doctorate in Economy & Muamalat Administration by the Islamic Science University of Malaysia ( USIM ) in 2018 .
Abdul Wahid currently serves as a Trustee of WWF Malaysia and as a Visiting Fellow at the Oxford Centre for Islamic Studies .