Sustainable Finance, Investment Crucial In Tackling Scope 3 Emissions - Sarawak Premier
KUALA LUMPUR, Jan 29 (Bernama) -- Sustainable finance and investment are critical for accelerating the sustainability transition by addressing Scope 3 emissions, said Sarawak Premier Tan Sri Abang Johari Tun Openg.
“Ambition without funding remains simply intention. Capital, when directed with purpose, becomes an accelerant,” he said in his keynote address at the UN Global Compact Network Malaysia & Brunei (UNGCMYB) Members Celebration Night 2026 on Thursday.
Abang Johari said addressing Scope 3 emissions, which refer to indirect greenhouse gas emissions generated across a company’s value chain excluding emissions from purchased electricity, is challenging as it requires collaboration beyond organisational boundaries.
“The winners here are doing the hard work of engaging suppliers, supporting small and medium enterprises, and raising standards across entire value chains,” he said.
The Premier, who received the Sustainability Visionary Award at tonight’s event, said sustainability does not advance on vision alone.
“It requires an enabling ecosystem, clear policies, credible frameworks, patient incentives, and institutions that understand how to bridge ambition with execution,” he said.
In Sarawak, Abang Johari said, much of this work has been carried by the Ministry of Energy and Environmental Sustainability.
“Through policy coherence, long-term planning, and close engagement with industry, the ministry has played a critical role in translating sustainability from aspiration into implementation,” he said.
The UNGCMYB Members Celebration Night 2026 is an annual event recognising sustainability leadership across enterprises and individuals.
The event highlights organisations and leaders that have translated sustainability commitments into credible, measurable action aligned with Malaysia’s development priorities.
-- BERNAMA