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MDEC, UNGCMYB Ink MoU To Foster Sustainability & Climate Action In The Digital Economy

Photo Credit: MDEC

The Malaysia Digital Economy Corporation (MDEC) has entered into a Memorandum of Understanding (MoU) with UN Global Compact Network Malaysia & Brunei (UNGCMYB) in an effort to raise awareness and increase the adoption of sustainability and climate action across the digital economy in Malaysia.

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.

“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. Part of the efforts following today’s MoU signing is to help provide resources and actionable items that can be adopted by businesses to achieve SDGs.”

The collaboration will see the two parties work together to fulfil this initiative in five core areas encompassing developing a climate guide for business to better manage their carbon footprint, explore sustainability e-learning programmes for tech small and medium enterprises (SMEs), and encourage digital economy businesses to adopt initiatives that address climate change.

They will also look into promoting sustainable practices among tech organisations to help them achieve sustainable performance and developing and collaborating on outreach and engagement events.

Executive Director of UNGCMYB, Faroze Nadar added that through this partnership with MDEC, the organization aspires that the Malaysian digital economy ecosystem will be a key catalyst for sustainable nation building and as a global contributor to achieving the SDGs.

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


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