Bursa Malaysia’s SBTi-validated emissions targets will not include carbon credits

Quick Summary:

However, the stock exchange, which was Asia’s first to have its targets validated by the climate action group, will continue to support carbon credit projects via its carbon exchange.

The company said that it installed a rooftop solar photovoltaic system in 2023, which became operational on 25 December and currently contributes about 2 per cent to its overall energy mix.“Due to the limited size of our rooftop, we are not able to install a larger capacity system on our premise at this time on the roof,” Bursa Malaysia told Eco-Business.

Internally, Bursa Malaysia has also been building capacity on climate and environmental, social and governance (ESG) matters for its directors and employees, as well as issued internal guides on reducing emissions, waste disposal and recycling.

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Article Details

Author / Journalist: Samantha Ho

Category: EconomyBusiness

Markets: SingaporeMalaysia

Topics: Carbon credits Clean energy Carbon trading Carbon accounting Emissions Decarbonisation Carbon offsetting Renewable energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 07:03:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 826 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 22457498

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