KUALA LUMPUR: Bursa Malaysia Bhd and the Malaysian and Bruneian chapter of the United Nations Global Compact will work together to come up with sustainability-focused upskillingprogrammes that are specifically designed for the Malaysian marketplace.
The United Nations Global Compact is the largest corporate sustainability initiative in the world that aims to support responsible business conduct by incorporating the ten principles, which include areas on human rights, labour, environment and anti-corruption, into strategies, policies and procedures.
The memorandum of collaboration between Bursa Malaysia and the UN Global Compact Network Malaysia & Brunei (UNGCMYB) will look at several initiatives, including developing sustainability-related programmes or certifications that will support the upskilling of sustainability practitioners of public listed companies (PLCs) and small and medium sized enterprises (SMEs) in their supply chains in a targeted manner.
The collaboration follows an earlier one which resulted in the release of the Corporate Sustainability Practitioner Competency Framework in 2021, a tool for practitioners to gauge their level of the competency on sustainability-related functions.
The current collaboration aims to identify needs and bridge the gap between current practices and what is now required of Malaysian companies, to carry out business with the international community.
"A sustainability capacity building programme for Malaysian companies
is essential to ensure that companies are able to fill gaps in the sustainability talent pool, by pointing listed companies towards credible avenues to upskill the sustainability capabilities of their employees."
"The expanded collaboration with the UNGCYMB reaffirms Bursa Malaysia's commitment to working with stakeholders in developing a capable, and sustainability-focused marketplace."
"This signals our collective intent to support the Malaysian talent pool in navigating the increasingly complex global environment," Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift said.