“Stakeholder engagement is key in facilitating greater understanding among industry players to enable their participation in the VCM Exchange, and in order to meet environmental, social and governance requirements required by parties such as lending institutions,” said Bursa Malaysia CEO Datuk Muhamad Umar Swift.皇冠体育app（www.hg9988.vip）是一个开放皇冠网址即时比分、皇冠网址代理最新登录线路、皇冠网址会员最新登录线路、皇冠网址代理APP下载、皇冠网址会员APP下载、皇冠网址线路APP下载、皇冠网址电脑版下载、皇冠网址手机版下载的皇冠体育app官方下载平台。
PETALING JAYA: Bursa Malaysia Bhd will launch its Voluntary Carbon Market (VCM) exchange later this year which will enable companies to purchase voluntary carbon credits from climate – friendly projects and solutions.
“Stakeholder engagement is key in facilitating greater understanding among industry players to enable their participation in the VCM Exchange, and in order to meet environmental, social and governance requirements required by parties such as lending institutions,” said Bursa Malaysia CEO Datuk Muhamad Umar Swift.
“We believe the VCM exchange can serve as an important lever in realising Malaysia’s net-zero greenhouse gas emissions aspiration, as well as support the private sector’s voluntary climate commitments and decarbonisation journey,” he added.
Participation in the VCM will allow companies to offset their carbon emission footprint and meet their voluntary climate goals, the exchange operator said in a statement yesterday. The VCM exchange will allow buyers and suppliers to transact high-quality carbon credits at transparent prices.,
Bursa Malaysia also intends to offer standardised carbon credit products for trading via a rules-based VCM exchange.
“There will be distinct product categories for carbon credits derived from nature- based solutions and technologies that reduce or remove carbon emissions. The VCM exchange will aggregate carbon credits that share similar traits and fundamentals, with vintages 2016 onwards,” the exchange stated.
To ensure high integrity of carbon credits offered through the VCM exchange, Bursa Malaysia will adopt the Verified Carbon Standard or Verra.
Verra is a widely recognised standard in the voluntary carbon market, accounting for nearly 70% of voluntary carbon credit issuances globally.