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Malakoff Showcases Its Green Solutions at IGEM 2023

4 October 2023

Malakoff Corporation Berhad (“Malakoff”) participated in Southeast Asia’s largest trade event for green technologies and eco solutions, the International Greentech & Eco Products Exhibition & Conference Malaysia (“IGEM”) 2023, from 4 to 6 October 2023 at the Kuala Lumpur Convention Centre. Aimed to connect solution providers and green energy businesses with the ASEAN market, IGEM also allows businesses to showcase their innovations, exchange insights and forge collaborations to improve sustainability and ultimately, contribute to global economic growth.

In conjunction with IGEM 2023, Malakoff held a Memorandum of Understanding (“MoU”) document exchange ceremony with ports under the MMC Group of Companies ("MMC Ports"), namely Northport (Malaysia) Bhd, Johor Port Berhad, Tanjung Pelepas Sdn Bhd and Penang Port Sdn Bhd, to explore the collective potential through collaboration and undertake business exploration in various green power initiatives, including but not limited to, including but not limited to any solar power programmes under government initiatives such as the Corporate Green Power Programme ("CGPP"), Self-Consumption ("SelCo"), Cold Ironing or shore-to-ship power supply, installation of Electric Vehicle ("EV") charging stations and others, collectively referred to as the "Green Power Projects".

The document exchange ceremony, which took place on the first day of IGEM 2023, was witnessed by the Deputy Minister of Natural Resources, Environment and Climate Change ("NRECC") YB Dato' Sri Huang Tiong Sii, the Secretary General of the NRECC YBrs. Dr Ching Thoo Kim and Malakoff's Executive Vice Chairman Tan Sri Che Khalib Mohamad Noh.

Malakoff’s Head of Sustainability, Research and Investor Relations, Mr. Saravanan Desigamanie was also invited as one of the panellists at the AtoZero (Accelerate to Net Zero) ASEAN Summit that was held as part of IGEM. He spoke on the topic “The Importance of Regional Partnership to Support ASEAN’s Net Zero Transition” where he highlighted on Malakoff’s decarbonisation efforts, cross-border policy revisions, infrastructure developments and Net Zero transition pathways, amongst others.

The three-day event saw overwhelming involvement and engagement by visitors, policy-makers, technology experts and industry players to accommodate the growing awareness and demand in the ever-evolving energy sector. As Malaysia is in the transition phase to a low-carbon future, corporations will need to confront a rapidly changing market landscape where the adoption of clean energy will reshape business dynamics and potentially affect competitiveness. Hence, exhibitions such as IGEM would encourage the creation of innovative solutions and networking opportunities by industry players to support the Government’s transition towards cleaner sources of energy driven by rapid technological advances and robust climate change policies.

Malakoff’s participation in the IGEM 2023 is testament to our dedication to minimising our environmental footprint, developing RE solutions and promoting environmental stewardship in line with the Government’s target to cut carbon intensity against GDP by 45% by 2030 compared to 2005 levels and increase the RE capacity mix to 70% by 2050.

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