Petronas, TNB expressed interest in producing carbon credits, says Bursa CEO | Malay Mail

KUALA LUMPUR, April 8 — Petroliam Nasional Bhd , Tenaga Nasional Bhd and other public listed companies have express interest to produce credits for the planned Voluntary Carbon Market .

Malaysia’s third-largest trading partner, the European Union , is seeking to impose a levy on imported carbon-intensive products. By achieving carbon neutrality of their products, exporters can ship their products to the EU seamlessly, he added.On ESG, he said Bursa Malaysia has issued a public consultation document to seek feedback on the mandatory disclosure of various ESG metrics.

He said adopting ESG is crucial for PLCs mainly to secure capital as more investors and fund managers are now adopting the sustainable elements.

Source: News Formal (newsformal.com)

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