MDEC – UNGCMYB Signs MOU To Accelerate Sustainability And Climate Action Adoption In The Digital Economy

Published on 12.09.22
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CYBERJAYA, 19 JULY 2022: The Malaysia Digital Economy Corporation (MDEC), Malaysia’s lead digital economy agency, today signed a Memorandum of Understanding (MoU) with UN Global Compact Network Malaysia & Brunei (UNGCMYB) to further raise awareness, build capacity and increase adoption of sustainability and climate action across the digital economy in Malaysia.

The UNGCMYB is the official local network of the United Nations Global Compact (UNGC), which aims to mobilise a global movement of sustainable companies and stakeholders. UNGCMYB works to awaken, activate, and accelerate Malaysian and Bruneian businesses to be sustainable and profitable.

MDEC and UNGCMYB will work together to raise awareness, build capacity, and increase adoption across businesses in the digital economy in five key areas:

Developing a Climate Action Guide and Toolkit for digital economy businesses, to help them take action and to assess their carbon footprint;

Exploring ways to increase access to chargeable sustainability e-learning programmes for tech small and medium enterprises (SMEs); and promoting freely accessible e-learning resources, including through the Digital UNGC Academy;

Encouraging digital economy businesses to adopt initiatives that address Climate Change, for example renewable energy or energy efficiency measures;
Promoting sustainable practices among tech organisations to help them achieve sustainable performance; and

Developing and collaborating on outreach and engagement events.

The MoU builds on existing cooperation between both organisations, namely the Malaysia Businesses Sustainability Pulse Report 2022 with MDEC as a partner. The report was launched on 14 July 2022 and aimed to gain an understanding of the extent of readiness of Malaysian businesses in adopting, measuring, managing, and monitoring sustainability within their respective organisations.

Chief Executive Officer of MDEC, Mahadhir Aziz, said the public-private approach towards championing sustainable actions is imperative and has been made a national development priority as outlined in the Twelfth Malaysia Plan (12MP), which is aligned to the Sustainable Development Goals (SDGs) of the 2030 Agenda for Sustainable Development.

“Sustainability is not a new buzzword but an important goal that goes hand in hand with the development of a thriving digital economy. MDEC, as the lead agency in advancing Malaysia towards becoming a globally competitive digital nation, is fully committed to encouraging the adoption of sustainable practices in the digital economy ecosystem.

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