Inovatif

Category: ESG

  • Iskandar Investment Berhad welcomes the establishment of the Johor Special Economic Zone

    Iskandar Investment Berhad welcomes the establishment of the Johor Special Economic Zone

    Iskandar Investment Berhad (IIB) welcomes the establishment of the JSSEZ, a transformative initiative poised to enhance Johor’s position as a leading investment destination in Southeast Asia. The formal agreement signed in Putrajaya signalled a new chapter of economic growth and cross-border collaboration, bringing substantial opportunities for Iskandar Puteri and the wider region.

    With a focus on key economic sectors such as education, the green economy, and transformative industries like energy, the JSSEZ is positioned to drive sustainable growth. Notably, the data centre industry is set for significant expansion, driven by major technology firms, aligning with global trends and positioning Johor as a leader in digital infrastructure and innovation. These initiatives reflect the shared vision of Malaysia and Singapore for sustainability and regional integration. Further enhancing connectivity, the Rapid Transit System (RTS) link, set to be operational by 2026 and capable of transporting 20,000 passengers per hour, demonstrates the significance of seamless cross-border collaboration within ASEAN.

    The signing of two Memoranda of Understanding (MOUs) on carbon credits and carbon capture and storage, held in conjunction with the JSSEZ agreement, further reinforces this shared dedication to addressing climate challenges. Complementing these regional efforts, IIB’s Net Zero Carbon City initiative aims to foster renewable energy solutions and environmental stewardship in Iskandar Puteri. Together, these initiatives highlight Johor’s role as a hub for innovative and sustainable development.

    Facilities like Medini International Convention City (MICC) and Tech Medini exemplify the region’s dedication to fostering a business-friendly environment and supporting economic growth. MICC will provide world-class infrastructure for global business engagements, while Tech Medini will serve as a hub for entrepreneurship and skill development, empowering the region’s youth and workforce. These initiatives reinforce Iskandar Puteri’s position as a competitive destination for investment and innovation.

    This development aligns closely with the Johor State Government’s 2025 Budget, which highlights Johor as ‘The Next Engine of Growth for the Country.’ The inclusion of initiatives such as the JSSEZ Committee and the Johor Talent Development Council emphasises the commitment to empowering communities and fostering a skilled workforce. These regional ambitions are further reinforced by Malaysia’s ASEAN Chairmanship, serving as a crucial platform to advance regional collaboration and economic resilience.

  • Bursa Malaysia seeks public feedback on review of depository rules relating to electronic securities account statements

    Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) today issued a consultation paper seeking public feedback on the proposed amendments to the Rules of Bursa Malaysia Depository Sdn Bhd (“Depository”). These amendments aim to facilitate Bursa Malaysia’s move towards embracing further digitisation in the issuance of securities account statements to depositors (“CDS statements”), as part of the Exchange’s broader commitment toward environmental sustainability.

    The amendments propose making CDS statements available through the MyBURSA portal for greater accessibility and convenience for all depositors. Hard copy CDS statements will still be made available, at a fee, or under exceptional circumstances to specified depositors0F1 who demonstrate a clear need for such arrangement.

    Additionally, the proposed amendments require all issuers whose securities remain deposited with the Depository to keep their information up to date, and all parties subject to the Depository Rules to provide accurate and complete information to the Depository. These requirements are crucial to ensure the highest standard of data integrity and transparency.

    The proposed amendments above are part of the Exchange’s ongoing commitment to enhance operational efficiencies and sustainable practices, while ensuring that the Depository Rules remain fit for purpose in serving the needs of investors and stakeholders.

    Further details on the consultation paper and the proposed amendments are available at https://www.bursamalaysia.com/regulation/public_consultation.

    The Exchange welcomes views and feedback from the public on the proposed amendments above. Interested parties are invited to submit their comments to Bursa Malaysia by 14 February 2025.

  • AC Ventures and Deloitte release 2024 Impact Report

    AC Ventures, a leading Southeast Asian venture capital firm, has officially released its 2024 Impact Report, titled “Accelerating Impact into New Heights.” Developed in collaboration with Deloitte in Indonesia, the report underscores AC Ventures’ commitment to fostering innovation, advancing sustainability, and driving meaningful change across Indonesia and the broader region. Covering the firm’s achievements and progress, the report offers an in-depth exploration of AC Ventures’ contributions across three core pillars: economic growth, social inclusion, and environmental sustainability.

    Helen Wong, Managing Partner at AC Ventures, stated, “At AC Ventures, we firmly believe venture capital has the power to transform industries and lives for the better. This report highlights how our portfolio companies are championing innovation while making a tangible impact and fighting climate change. From empowering communities to accelerating sustainability, our mission is to build a future where businesses thrive alongside an inclusive society and a sustainable environment.”

    The Impact Report highlights AC Ventures’ ongoing commitment to drive positive outcomes. Over 30,000 direct jobs were created by AC Ventures-backed companies, empowering more than four million individuals and businesses through digital tools and financial inclusion. 40% of these companies are led or co-led by women, advancing gender equity in Southeast Asia. Companies like Supermom are actively bridging opportunity gaps.

    Sustainability is a core focus of AC Ventures’ investment strategy. The firm’s climate-tech portfolio companies have been instrumental in accelerating environmental impact. These companies have collectively reduced and avoided more than four million metric tons of CO2 emissions. Accacia, a leader in decarbonizing the real estate sector, helped its clients cut 3.5 million metric tons of CO2, while Xurya’s rooftop solar energy solutions prevented over 1.1 million metric tons of CO2 emissions. Xurya has generated over 1.18 billion kWh of renewable energy through solar projects, helping to significantly reduce dependence on fossil fuels across Indonesia. ASTRO recycled over 166 tons of cardboard packaging in collaboration with local vendors, and Fore Coffee reduced its plastic bag usage by 77%, recycling nearly one ton of cups across its stores.

    Deloitte, which played a key role in guiding the development of the report, emphasised its importance as a tool for transparency and progress. Imelda M. Orbito, Director at PT Deloitte Konsultan Indonesia, and also serves as an expert in Sustainability and Climate Change said, “An Impact Report is more than just a set of metrics—it tells the story of an organisation’s journey toward positive transformation.

    As AC Ventures looks to the future, the firm remains committed to strong governance and advancing gender diversity within its investment strategy. Looking ahead, AC Ventures is focused on accelerating innovation, championing sustainable growth, and driving measurable impact across Southeast Asia.
    Download the full playbook via: https://acv.vc/resources/acv-impact-report-2024/

  • LG opens THINQ API to foster Smart Home innovation

    LG Electronics (LG) has fully opened the Application Programming Interface (API) of its smart home platform, LG ThinQ, enabling developers to easily create smart spaces with LG appliances.

    Recently, LG launched the LG Smart Solution API Developer website to officially open up the LG ThinQ API. An API acts as a digital connector that allows different software to exchange functions seamlessly. Developers can utilise the open API to integrate various features from LG AI appliances into their programs or systems, enhancing their services.

    The LG ThinQ API is divided into two categories: the ThinQ API for individual users and the ThinQ Business API for corporate partners. The ThinQ API allows for remote control of LG devices installed in homes or buildings and facilitates integration with various platforms.

    For individual users, the ThinQ API supports the control and monitoring of AI appliances registered in the LG ThinQ app from various smart home platforms. By utilising the ThinQ API, anyone can easily create a customised smart home that fits their lifestyle. For example, users of the global smart home platform Home Assistant can now connect and control 26 types of LG AI appliances, including refrigerators and washing machines, within their existing smart home environment. Home Assistant is a community-based open platform with about one million users worldwide who collaboratively develop various smart home functions such as device automation and feature expansion.

    For enterprises, the ThinQ Business API supports partners operating offices or residential buildings in integrating and managing various LG products, from appliances to commercial equipment like HVAC and signage, with their existing apps. For instance, large residential buildings can integrate LG appliances with their existing management apps for more convenient use. Residents can reserve the use of LG washers and dryers in common areas through the building management app, or administrators can detect abnormal conditions in the building using LG’s temperature and humidity sensors and quickly respond to issues through alert functions.

    Meanwhile, LG has accelerated the integration of external products and services into the LG ThinQ platform by acquiring the smart home platform company Athom, known for its extensive IoT device connectivity. Athom’s smart home hub Homey currently connects over 50,000 types of appliances and IoT devices, and the Athom app store features around 1,000 apps that connect and control products and services from global brands like Philips and Aqara. LG plans to integrate Athom’s extensive open ecosystem and IoT device connectivity into the AI home hub LG ThinQ On, aiming to realise an AI home where generative AI better understands customers and provides optimal space solutions.

    “With the official launch of ThinQ AI, we aim to deepen engagement with open-source community smart home power users in the open-source community and broaden our collaboration with B2B partners. This initiative will bolster our efforts to create smart home ecosystems powered by LG appliances, enhancing customer experiences across multiple touchpoints,” said Kim Kun-woo, vice president of LG’s Home Appliance Solution Company.

  • WCT Bahrain signs MoU to advance brine recovery solutions in Bahrain

    WCT Bahrain signs MoU to advance brine recovery solutions in Bahrain

    WCT Bahrain WLL (“WCT Bahrain”), a subsidiary of WCT Berhad, Tahliya Water Treatment WLL (“TWT”), and the Saudi Water Authority (“SWA”) has entered into a Memorandum of Understanding (“MoU”) to promote collaboration in implementing brine recovery solutions for desalination plants in Bahrain.

    The initiative seeks to reduce the environmental impact of desalination processes while producing valuable by-products such as Sodium Chloride and other minerals. The project aligns with Bahrain’s goals of enhancing food security and reducing reliance on imports, contributing to sustainable regional development to combat sea level rise and climate change.

    The MoU was signed in conjunction with the 3rd Innovation-Driven Water Sustainability Conference, hosted by SWA in Jeddah under the patronage of Saudi Arabia’s Minister of Environment, Water, and Agriculture.

    Under the MoU, WCT Bahrain will serve as the design-and-build contractor, overseeing the engineering, procurement, and construction (EPC) aspects of the project while TWT will act as the plant owner, responsible for project CAPEX and operation management. SWA is responsible in providing strategic and technical advisory services, guiding the deployment of brine recovery technology.

    This collaboration aims to develop and implement advanced brine mining technology, improve desalination efficiency, conserve energy, and produce valuable minerals locally to reduce import dependency.  Bahrain’s existing desalination plants will benefit from these advancements, aligning with the nation’s sustainability priorities.

  • FedEx Singapore Singapore Rolls Out EV Fleet

    FedEx Singapore Singapore Rolls Out EV Fleet

    FedEx Express Corporation, one of the world’s largest express transportation companies, is introducing 31 electric vehicles (EVs) into its existing fleet in Singapore. Singapore is the first market within the FedEx Asia Pacific network to deploy the custom-built Mercedes-Benz eVito 112 panel vans to support its parcel pickup and delivery operations across the country. The EVs offer a 923 kg load capacity and an estimated range of up to 321 kilometers on a full charge. Collectively, the vehicles are estimated to avoid around 148 metric tons of tailpipe emissions per year when compared to diesel-powered vans.

    FedEx Singapore is already replacing all its end-of-life vehicles used for parcel pickup and delivery with EVs, contributing to the company’s global goal to make 100% of new purchases of these vehicles electric by 2030. The addition of these new vehicles to its fleet marks a significant step towards the company’s commitment to sustainability in Singapore and its ongoing efforts to achieve zero-tailpipe emissions for last-mile parcel delivery operations across its global operations.

    FedEx continues to explore innovative solutions and collaborations to enhance the sustainability of its operations, including the company’s vision of integrating renewable energy and enhancing facility efficiency. The South Pacific Regional Hub in Singapore will soon be able to use solar energy to meet more than half of the facility’s total electricity demands, helping to charge the EV fleet in Singapore via clean energy beginning in January 2025. Overall, these projects support the Singapore Green Plan 2030, which aims to lower national carbon emissions and promote sustainability.

    “FedEx is committed to connecting people and opportunities in smarter ways,” stated Kawal Preet, president of FedEx Asia Pacific. “With the introduction of these electric vehicles, we are taking meaningful steps to lower greenhouse gas emissions while improving our efficiency, directly supporting Singapore’s bold sustainability initiatives. This is an important milestone on our path to achieving carbon-neutral operations by 2040, as we work to build a cleaner and more efficient logistics network that promotes sustainable growth throughout the Asia Pacific region.”

    In addition to vehicle electrification, the company has also launched a cloud-based carbon emissions reporting tool, FedEx® Sustainability Insights, giving customers access to historical emissions information on eligible shipments within the FedEx network. FedEx customers can use the data to help make more informed decisions on their future shipping strategy to help reduce their impact on the environment.

  • A TRANSFORMATIVE DAY AT THE SUSTAINABLE ACTION CONFERENCE 2024: OFFICIALLY LAUNCHED BY THE DEPUTY MINISTER OF PLANTATION AND COMMODITIES OF MALAYSIA, YB DATUK CHAN FOONG HIN.

    A TRANSFORMATIVE DAY AT THE SUSTAINABLE ACTION CONFERENCE 2024: OFFICIALLY LAUNCHED BY THE DEPUTY MINISTER OF PLANTATION AND COMMODITIES OF MALAYSIA, YB DATUK CHAN FOONG HIN.

    Kuala Lumpur – The second edition of the Sustainable Action Conference 2024 (SAC 2.0) concluded with remarkable success on 21st November 2024 at the Sunway Resort Hotel, Malaysia. Co-organized by Control Union Malaysia and the Malaysian Dutch Business Council (MDBC), in collaboration with the MDBC Innovation & Sustainability Awards (MISA), the event was proudly supported by the Embassy of the Kingdom of the Netherlands and the Malaysia Green Technology and Climate Change Corporation (MGTC).

    The conference was officially launched by YB Datuk Chan Foong Hin the Deputy Minister of Plantation and Commodities of Malaysia, accompanied by H.E. Jacques Werner, Ambassador of the Kingdom of the Netherlands to Malaysia, and H.E. Rafael Tristan Daerr, Ambassador of the European Union Delegation to Malaysia, Ir. TS. Shamsul Bahar, Group Chief Executive Officer, Malaysian Green Technology and Climate Change Corporation, Mr. Dirk Teichert, Managing Director of Control Union Asia Holdings and Mr. Supun Nigamuni, Managing Director, Control Union Malaysia.

    The conference brought together corporate leaders, policymakers, and sustainability advocates from across diverse sectors such as manufacturing, plantations, forestry, energy, oil & gas, construction, finance, and tourism. With the theme “Transforming Pledges into Action: Realizing a Sustainable Future,” SAC 2024 showcased real-world case studies, provided actionable insights, and spotlighted best practices in sustainable land use, green financing, energy-efficient manufacturing, and sustainable tourism.

    SAC 2024 reaffirmed its commitment to sustainability by hosting a carbon-neutral event, by offsetting emissions through the Kuamut Rainforest Conservation Project, Malaysia’s first nature-based carbon initiative registered under VERRA powered by Saxon Renewables and reinvesting all proceeds into charitable organizations supporting impactful sustainability efforts.

    One of the highlights of SAC 2024 was the Non-Government Organization (NGO) funding project. After a rigorous selection process, Dignity for Children Foundation emerged as the winner of the RM 50,000 grant for the Empowerment of Orang Asli Youth Project. This initiative, designed to address educational challenges faced by the Orang Asli community, exemplifies the impact of aligning visionary projects with actionable sustainability goals. This was made possible through the generous sponsorship of Control Union Malaysia, CarbonSpace, Saxon Renewables, SaraCarbon, EPIC Berhad, and Corsair, reaffirming their commitment to driving impactful change through sustainable practices.

    The conference featured distinguished speakers from leading organizations, including PETRONAS, Bursa Malaysia, Bank Negara Malaysia, CIMB Islamic Bank, European Union, Malaysian Timber Association (MTA), SP Setia Berhad, Tourism Malaysia, MATRADE, Climate Governance Malaysia, Malaysia Forest Fund (MFF), Kuala Lumpur Kepong Berhad (KLK), SD Guthrie, Signify, and more. Their insights provided invaluable guidance on incorporating sustainability into business strategies, addressing global environmental challenges, and fostering innovation.

    SAC 2024 marked a significant milestone in Malaysia’s sustainability journey, offering a platform for collaboration, learning, and impactful decision-making. By uniting thought leaders, policymakers, and innovators, the event underscored the importance of collective efforts to advance sustainability across core industries.

    Control Union Malaysia thanks all attendees, sponsors, and partners for making SAC 2024 a success and looks forward to further strengthening Malaysia’s commitment to sustainability.

    For more information on SAC 2024 and future initiatives, visit www.sustainableactionconference.com.

     

  • SUSTAINABLE ACTION CONFERENCE 2024: TRANSFORMING PLEDGES INTO ACTION FOR A GREENER FUTURE

    SUSTAINABLE ACTION CONFERENCE 2024: TRANSFORMING PLEDGES INTO ACTION FOR A GREENER FUTURE

    Control Union Malaysia is proud to announce the second edition of Sustainable Action Conference 2024 (2.0) (SAC 2024) will be co-organized with the Malaysian Dutch Business Council (MDBC) in conjunction with the MDBC Innovation & Sustainability Awards (MISA). The event is scheduled on 21st November 2024 at Sunway Resort Hotel, Malaysia and is supported by the Embassy of the Kingdom of the Netherlands and the Malaysia Green Technology and Climate Change Corporation (MGTC).

    The SAC 2024 + MISA, with the overarching theme “Transforming Pledges into Action: Realizing A Sustainable Future” aims to provides platform to showcase industry case studies, demonstrating successful sustainability initiatives and deliver actionable solutions that can be implemented across various industries – including Manufacturing, Plantations, Forestry, Energy, Oil & Gas, Constructions, Finance and others to effectively address sustainability efforts. Building on the foundation laid in the first edition, SAC 2024 introduces new, targeted sessions to address key areas of sustainability. Each session offers a focused approach, providing actionable insights and collaboration opportunities for various sectors:

    Session 1: Financing the Future – Sustainable Investments and Risk Management
    The inaugural session delves into the role of financial institutions in driving sustainability through innovative investment and risk management practices. It targets banks, financial institutions, and insurance companies, exploring sustainable financing models, green bonds, and environmental risk assessments. 

    Session 2: Sustainable Production and Resource Management – Innovations in Manufacturing and Energy
    This session addresses sustainable production practices and resource management, focusing on sectors such as manufacturing, mining, metals, oil and gas, energy, construction, and automotive. It emphasizes circular economy principles, resource-efficient extraction and processing, and low-carbon supply chain solutions. Through these discussions, participants will learn about reducing environmental impacts in production and construction, optimizing energy efficiency, and integrating renewable energy into their operations. This session provides critical insights into how heavy industries can adapt to a sustainable future.

    Session 3: Greening the Land – Sustainable Practices in Agriculture and Forestry
    Focusing on forestry, plantations, and agriculture, this session promotes sustainable land use, conservation, and responsible sourcing. It explores sustainable farming techniques, forest conservation, and responsible forestry management, with discussions on mitigating deforestation and fostering reforestation. Certification and accountability are highlighted to ensure land use practices that benefit the environment and local communities, supporting long-term agricultural and forestry sustainability.

    Session 4: Empowering Communities – Sustainable Development in Urban and Rural Areas
    This final session addresses the unique sustainability challenges in urban and rural development, focusing on tourism, power utilities, municipal councils, and construction. Discussions include sustainable urban planning, eco-friendly tourism, renewable energy solutions, and green building standards. The session emphasizes the role of local governments in promoting sustainability and adapting infrastructure to meet environmental goals, offering insights into fostering sustainable communities and equitable development.

    To learn more about the event, please visit our website at [www.sustainableactionconference.com] or contact the secretariat, Ms. Dinusha at +603 3000 4132 / +6012-627 2505. Alternatively, you can email your enquiries to us at bdcumalaysia@controlunion.com.

  • BURSA MALAYSIA CLIMATE WEEK 2024 FOCUSES ON SUSTAINABLE FINANCE AND EDUCATION

    BURSA MALAYSIA CLIMATE WEEK 2024 FOCUSES ON SUSTAINABLE FINANCE AND EDUCATION

    Kuala Lumpur, 13 November 2024 – Bursa Malaysia Berhad (“Bursa Malaysia” or “The Exchange”) recently concluded its inaugural Climate Week, held from 4 to 8 November 20240F1. Themed “From Aspiration to Action: Unlocking Green Financing,” the event aimed to create greater awareness and engage various stakeholders on sustainability-related matters, underscoring Bursa Malaysia’s commitment to advance sustainable development.

    The curated events commenced with the symbolic “Ring the Bell for Climate” ceremony1F2 where exchanges around the globe demonstrate their united dedication to combat climate crisis and advance sustainability efforts. This opening act initiated a series of panel discussions, workshops, and community activities over the course of the week, aimed at enhancing understanding and discourse around sustainable finance and sustainability practices.

    The Climate Week engaged a diverse audience of over 1,700 attendees comprising industry leaders, public listed companies (“PLCs”), startups, consulting firms, and the general public. Key highlights from the week include:

    1. Launch of the Corporate Sustainability Practitioner (“CSP”) Competency Framework 2.0: Bursa Malaysia in collaboration with the United Nations Global Compact Network Malaysia & Brunei (“UNGCMYB”), launched the CSP Framework 2.0 on 7 November 2024 during the GO ESG Symposium 2024. This enhanced framework builds on the first version released in 2021, to enhance sustainability competencies across corporate roles, aiming to empower professionals with skills to navigate the complexities of Environmental, Social and Governance (“ESG”) requirements. To learn more about the CSP Framework 2.0, visit https://bursasustain.bursamalaysia.com/competency-framework

    2. IFRS Sustainability Disclosure Standards Workshop: In partnership with the United Nations Sustainable Stock Exchanges Initiative (“UN SSE”), International Finance Corporation (“IFC”), International Financial Reporting Standards (“IFRS”) Foundation, and Policy, Assumptions, Calculators, and Education (“PACE”), this virtual workshop addressed the critical need for standardised sustainability reporting, coinciding with the nationwide adoption of the recently launched National Sustainability Reporting Framework (“NSRF”)3F4. The workshop aimed to provide PLCs with knowledge needed to comply with IFRS S1 and S2 disclosure standards.

    3. MYCentre4IR ESG Innovation Challenge 2024: In collaboration with the Malaysia Centre for Fourth Industrial Revolution (“MYCentre4IR”), the conclusion of the Challenge saw five local and international startups awarded with bridge funding, to further develop their ESG-focused digital solutions, for potential future adoption by participating Malaysian PLCs. The Challenge drew over 100 submissions from entrepreneurs across 30 countries, leveraging UpLink, the World Economic Forum’s innovation platform.

    4. Sustainability-themed Panel Discussions: With topics ranging from ‘Transition Finance for Supply Chain Companies’ to ‘Shaping Sustainability Leadership: Skills, Mindsets, and the Role of Education’, the panels provided a platform for thought leadership and practical insights to integrate sustainability into business strategies.

    5. Community and Educational Engagements: Provided Bursa Malaysia staff and school children with deeper understanding of sustainability matters, via interactive activities like community gardening and climate games.

    Datuk Muhamad Umar Swift, Chief Executive officer of Bursa Malaysia acknowledged the wide support and interest, stating, “We extend our appreciation to the diverse group of partners and participants for contributing to the success of our inaugural Climate Week. Such initiatives are part of the Exchange’s efforts to foster a sustainable future by driving collaboration, innovation, and the adoption of robust ESG practices in the marketplace. Together, we are building a more sustainable and resilient marketplace that balances economic growth with ESG progress.”

     

  • TNG eWallet and TERA Partner to Bring Affordable Solar Solutions to Malaysians

    TNG Digital Sdn. Bhd. (‘TNG Digital’), Malaysia’s largest integrated fintech player, has teamed up with TERA VA Sdn. Bhd. (‘TERA’), a solar solutions provider, to make renewable energy more accessible and affordable. This collaboration seeks to bring the vision of a greener future to the homes of all Malaysians.

    Installing solar panels on rooftops enables the generation of clean, renewable energy, reduces our carbon footprint, and supports a more sustainable energy future. Through this partnership, Malaysians gain convenient access to home solar energy solutions via TNG eWallet, enabling them to optimise unused roof space for long-term savings.

    This initiative also aligns with TNG Digital’s “Our Planet” sustainability pillar, reinforcing its commitment to corporate carbon neutrality through the support of green initiatives and environmental conservation activities within its operations and the communities it serves. These efforts are further strengthened through collaborations with like-minded organisations like TERA.

    Alan Ni, Chief Executive Officer of TNG Digital, stated, “With over 22 million verified TNG eWallet users, we recognise the responsibility we carry to positively impact both our communities and the environment. This strategic partnership combines TNG eWallet’s platform and reach with TERA’s advanced solar technology to empower Malaysians and drive sustainable energy adoption. Through this strategic partnership, TNG eWallet brings the platform and reach to empower Malaysians, while TERA brings advanced solar technology to drive sustainable energy adoption. Together, we make it easier for Malaysians to transition to greener solutions, aligning with our #GoNetPositive mission. This collaboration is another step toward integrating sustainability into our ecosystem, combining convenience, accessibility, and environmental responsibility.”

    Installing a home solar system not only helps create a greener environment but also allows homeowners to save up to 99% on electricity bills1. With a return on investment of about 4.5 years2, it delivers substantial long-term financial benefits. Partnering with a trusted solar solutions provider ensures strict quality standards and efficient engineering designs that maximise rooftop space while leveraging the latest technology to reduce the total cost of ownership.

    TERA specialises in customer-centric solar photovoltaic (PV) solutions that generate long-term value for users. Registered with the Energy Commission and Sustainable Energy Development Authority, the company has delivered 100,000 kWp across 2,000 premises in Peninsular Malaysia covering residential rooftops, commercial & industrial and large-scale projects. TERA also holds internationally recognised ISO 9001:2015 quality management system certification and comply to MS 1837:2018 for installation of grid connected PV systems.

    TERA Managing Director Michael Leong said, “Established since 2011, we bring over 13 years of experience and expertise from large-scale solar PV installations to homeowners. Our dedicated engineers understand each rooftop and home electricity use case is unique, and we provide a tailored approach to optimise long-term benefits. We employ the ‘S.M.A.R.T.’ framework that focuses on Safety, Measurability, Accuracy, Responsiveness, and Technology to ensure customers enjoy faster returns and greater value over a longer period. This collaboration with TNG Digital creates value for all parties, enhances quality of life, and progresses us towards an environmentally sustainable society.”

    The collaborative initiative is closely aligned with the Malaysian Government’s goals for promoting renewable energy towards the net-zero ambition. In the recent Budget 2025 announcement, the government introduced measures to boost solar energy adoption. Notably, the Net Energy Metering (NEM) programme has been extended until 30 June 2025 to encourage more individuals to install rooftop solar panels.

    The parties are confident that this collaboration will significantly enhance the lives of Malaysians. To further drive the adoption of renewable energy, this partnership provides an exclusive offer available only to TNG eWallet users, making sustainable energy solutions more affordable.

    From 6 November 2024 to 31 January 2025, users who purchase a TERA Solar System through TNG eWallet will enjoy an exclusive 20% discount on the recommended retail price (RRP), plus an instant RM200 cashback on the RM1,000 deposit. Additionally, users will receive an extra RM1,000 cashback upon completing the full project payment.

    To learn more about TERA’s home solar solution via TNG eWallet, visit https://tngd.tera.solar