Bursa Malaysia Berhad has announced that its near- and long-term greenhouse gas (GHG) emissions reduction targets have been validated by the Science Based Targets initiative (SBTi). This recognition positions Bursa Malaysia as the first exchange in Asia to achieve such a milestone, highlighting its leadership in climate action and commitment to sustainable practices.

The Exchange's pledge to achieve net zero emissions by 2050 was first unveiled on 22 September 2021. In line with this commitment, Bursa Malaysia has set science-based GHG emissions reduction targets, now officially validated by the SBTi. These targets include reducing absolute Scope 1 and 2 GHG emissions by 50% by 2030 from a 2022 base year and increasing the annual active sourcing of renewable electricity from 0% to 100% by 2030. Additionally, Bursa Malaysia aims to cut absolute Scope 3 GHG emissions by 50% within the same timeframe.

For the long term, Bursa Malaysia is committed to reducing absolute Scope 1 and 2 GHG emissions by 90% by 2050 from a 2022 base year, and similarly, reducing absolute Scope 3 GHG emissions by 90% by 2050 from a 2022 base year.

Datuk Muhamad Umar Swift, CEO of Bursa Malaysia, commented, "We are at a critical juncture where addressing the climate crisis is more urgent than ever. This is why Bursa Malaysia is building on the progress we have already made by setting ambitious targets. Having our climate action targets validated by the globally recognised SBTi is a testament to our commitment to addressing climate change effectively and meaningfully. We are committed to minimising the impact of our operations and our related value chains, to benefit our stakeholders, society, and the planet overall."

Since its commitment to net zero in late 2021, Bursa Malaysia has undertaken several initiatives to reduce operational GHG emissions and promote sustainability. These include conducting an energy audit, identifying measures to improve energy efficiency, developing a comprehensive GHG emissions inventory, diversifying its energy mix, and providing climate and ESG training for its Board and employees. The Exchange has also implemented internal guides on Personal Net Zero Emissions and Waste Disposal and Recycling to assist employees in reducing their own emissions and waste.

Looking ahead, Bursa Malaysia will continue to enhance its operational practices in alignment with environmental best practices and closely monitor its GHG emissions to meet its 2030 and 2050 targets. Datuk Muhamad Umar Swift added, "Ultimately, our goal is to cultivate an ecosystem that responsibly takes and rewards early climate action. In this pursuit, Bursa Malaysia will continue to lead by example, encouraging all market participants to scale up their climate contributions and accelerate Malaysia's net-zero and green economy. This journey can only be achieved through collaborative efforts with our stakeholders."