Global Compact Network Malaysia, the local network of the United Nations (UN) Global Compact and Capital Markets Malaysia have jointly launched the Global Compact Network Malaysia Centre of Excellence (COE), here, last month.
The COE is set to drive the strategic development of the sustainability agenda and to accelerate the performance of corporate Malaysia in supporting Sustainable Development Goals (SDGs).
It will carry out capacity building activities to train companies on best-in-class corporate sustainability practices and conduct C-suite coaching sessions on reporting and engagement with institutional investors to ultimately prepare corporations to meet global sustainability standards and align themselves with the SDGs.
Capital Markets Malaysia, an affiliate of the Securities Commission Malaysia (SC), will provide strategic support and seed funding for the COE as part of its initiative to position Malaysia as a regional centre for sustainable and responsible investment.
“The SC is committed to the development of Malaysia’s sustainable financing and investment ecosystem and will continue to encourage innovation and collaboration by the industry to advance our national sustainability agenda.
“The partnership between Global Compact Network Malaysia and Capital Markets Malaysia is certainly a step forward to enable and accelerate private sector performance in incorporating globally recognized sustainability standards,” said SC chairman Datuk Syed Zaid Albar in a statement.
Meanwhile, UN Global Compact chief for global operations Ole Lund Hansen said country-level initiatives by Global Compact Network Malaysia such as the COE will ensure the Malaysian private sector is delivering on the SDGs.