KUALA LUMPUR: Bursa Carbon Exchange (BCX), a wholly owned unit of Bursa Malaysia Bhd
, has signed a memorandum of collaboration (MoC) with UEM Lestra Bhd, a wholly owned unit of UEM Group Bhd, to pilot Malaysia’s first Bilateral Energy Supply Contract (BESC) auction under the Corporate Renewable Energy Supply Scheme (CRESS).
The MoC was signed at a ceremony attended by Bursa Malaysia chief executive officer (CEO) Datuk Fad’l Mohamed and UEM Lestra Bhd CEO Harman Faiz Habib Muhamad.
Fad’l said the exchange plays an important role in accelerating the corporate transition towards a greener footprint.
"Most notably, we do so by strengthening disclosure standards, streamlining sustainability reporting, and developing an ecosystem that supports decarbonisation and sustainable practices through various services.
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