MDEC Propelling Sustainable Advances in Digital Economy

Malaysia has been on a steady march towards becoming a major player in the digital economy sector, with the government actively promoting and incentivising the development of digital infrastructure and ecosystems. As a result, the country has attracted the attention of global companies and investors, and its digital economy has witnessed rapid growth in recent years. 

With this growth, there has been a growing awareness of the need for responsible and sustainable business practices and a focus on Environmental, Social, and Governance (ESG) factors. The Malaysia Digital Climate Action Pledge (MDCAP) is a testament to this commitment towards addressing the impact of climate change.

About MDCAP

The Malaysia Digital Climate Action Pledge (MDCAP) is an initiative by MDEC to accelerate the number of commitments made by businesses across the digital economy and deliver a measurable reduction in the impact of climate change.

The corporate pledge, MDCAP, is developed to ensure businesses adopt sustainable practices in daily activities and give better exposure to climate change. The initiative was made possible by MDEC's efforts in collaboration with the UN Global Compact Network Malaysia & Brunei (UNGCMYB). The pledge is well-aligned with the government's vision of being a carbon-neutral nation by 2050. According to the 12th Malaysia Plan (12MP), the government aims to reduce GHG emissions intensity of GDP by 45% by 2030, compared to a 2005 baseline, and to attain a 31% renewable energy mix by 2025.

As some corporations may find it challenging to reassign their business operations towards more sustainable ways, being a part of the MDCAP pledge will bring wider access to a range of resources and best practices to aid their transformation. The signatories will have access to materials such as a climate action playbook and a carbon toolbox (which includes a calculator, online scoresheet, and reporting tool) to help them develop an affirmative climate action strategy. The information and best practices supplied are intended to be as applicable to all stages of sustainability implementation development as possible.

 

By signing the MDCAP pledge, businesses will be able to chart the next course of their next climate action through various means. This includes:

Sustainable business practices will ensure long-term economic development without negatively harming the community’s social, environmental, and cultural aspects.