September 27, 2022

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Breaking new ground: Sustainability in Malaysia

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Engineering is central to the country’s sustainability agenda. Malaysia’s commercial hub, Kuala Lumpur, has rolled out a smart city prepare, which consists of accelerating electronic transformation by focusing on education and learning and selling cloud technologies and synthetic intelligence (AI), amid other regions. The Malaysian authorities has also emphasised technological innovation investment decision in its Funds 2022, with up to MYR 100 million (US$ 23.7 million) in grants for locations these as good automation and at least MYR 30 billion (US$ 7 billion) for govt-connected firms investing in renewable energy, source-chain modernization, and 5G infrastructure.

In current a long time, Kuala Lumpur has also observed an growing amount of “greening” alternatives. For instance, the city governance has used a good “Town Mind”, which uses Alibaba Cloud’s computing methods to optimize products and services like targeted visitors command and even work out the best routes for crisis providers. Worldwide engineering and mobility corporations this kind of as Microsoft and Korea-dependent Socar, which are eyeing eco-friendly innovation and company options, have also invested and expanded their functions in Kuala Lumpur. At the very same time, conventional industries, in particular energy and electronics, have been striving to reinvent by themselves.

In mild of this shifting atmosphere, this report explores what world-wide businesses in Bigger Kuala Lumpur are doing to realize their ESG targets, the alternatives the location has to provide, and how their neighborhood encounters could be used globally.

The key conclusions of this report are:

Malaysia is fully commited to becoming a regional decarbonization chief. The country’s present grasp program that charts its financial growth via 2025 features numerous programs aimed at advancing sustainability by raising renewable vitality-era abilities, establishing eco-friendly mobility answers, and constructing sustainable and resilient metropolitan areas. This sustainability motivation comes even as the country continues to derive financial development from typically carbon-intense industries, this kind of as oil and gasoline advancement, vitality generation, and agriculture. But, even though some countries’ reliance on fossil fuels and other traditional industries weighs on their decarbonization commitments, Malaysia utilizes its deep, globally integrated industry clusters and source chains to establish new, greener organization procedures and significantly less carbon-intensive producing and logistics processes.

Higher Kuala Lumpur has observed an rising quantity of “greening” prospects for some of the country’s regular innovation clusters, in individual electrical power, electronics producing, IT outsourcing, and other digital overall economy sectors. Asia’s rapid-growing digital economies have also produced exceptional synergies for digitally “native” companies that are on the lookout to use Kuala Lumpur as a hub from which they can faucet eco-friendly business enterprise chances in the area. These consist of Korean eco-friendly mobility firm Socar, which is expanding its “people-to-people” ridesharing model throughout Southeast Asia from its Kuala Lumpur base. And Schlumberger, which has one particular of seven global “Innovation Factori” facilities in Kuala Lumpur. The heart will work to accelerate the adoption of its AI for boosting vitality changeover efforts in East Asia.

Malaysia’s maturing sustainability stance is generating a lifestyle of checking, measurement and, in the end, accountability. This can serve as a framework for ESG-minded firms to chart their own journeys. These kinds of initiatives are far from cosmetic, they are crucial to a market’s economic potential clients. International, sustainability-oriented corporations can the two accomplish their ESG targets as a result of their Higher Kuala Lumpur operations and use their Malaysian knowledge as a template for sustainable innovation in their worldwide functions. Malaysia’s role as a world sustainability hub is significant, as its overall economy uniquely straddles several sector sectors, such as large know-how and electricity output, which are pivotal in shifting the world’s enhancement toward a reduced-carbon long term. Collaboration and communication are essential to these efforts.

Obtain the full report.

This written content was created by Insights, the custom content arm of MIT Engineering Evaluate. It was not created by MIT Technology Review’s editorial employees.

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