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Friday, July 12, 2024

Cyberview announces ESG framework for Cyberjaya to strengthen smart city ambitions


Cyberjaya’s Tech Hub Developer, Cyberview, recently announced its Environmental, Social, and Governance (ESG) framework and 5-year roadmap. The developer has outlined key areas of priority within each pillar of its ESG framework.

Environmental efforts will include developing Cyberjaya into a low-carbon and smart city through energy efficiency initiatives, sustainable buildings and city designs and sustainable waste management and support activities to promote the circular economy, while social initiatives will be geared toward fostering a high-performance workforce and robust communities.

On the governance front, Cyberview states that it will promote ethical and transparent practices within the organisation. According to Cyberview Acting Manager Director Dr. Mohd Hafiz Ibrahim, the framework details how Cyberview is aligned with the government’s agenda to create a data-driven, sustainable and innovative future while being more aligned with investors’ appetite for ESG initiatives. “Through this framework and 5-year roadmap, we want to ensure that the implementation of sustainability initiatives and projects within Cyberjaya further its status as the preferred sustainable investment destination for global investors in the tech sector and increase the vibrancy of the city’s communities,” he said.

The efforts of the ESG framework and 5-year roadmap will be overseen by a steering committee and will be implemented alongside key strategic partners to help operationalise the initiatives. These partners include the United Nations Compact Network Malaysia & Brunei, 30% Club Malaysia, KDEB Waste Management Sdn Bhd, and Kloth Malaysia Sdn Bhd. 

It is worth noting that before this, Cyberview also had a Cyberjaya Smart City Framework with a view of turning Cyberjaya into a sustainable smart city with a focus on four drivers, namely Smart Infrastructure, Smart Economy, Smart Environment, and Smart Society.

The adoption of ESG initiatives by city planners will likely accelerate the adoption of a similar strategy by local businesses. A survey by PwC in the Middle East found that 86% of large companies said increased ESG regulation would strengthen and accelerate the implementation of their own ESG strategies. Given that cities are responsible for 70% of global emissions, having a roadmap adopted by city developers should be seen as a step in the right direction.

Cyberview’s ESG framework will focus on creating long-lasting impacts based on 6 of the 17 United Nations Sustainable Development Goals.  The six UNSDGs mentioned in the framework are Affordable and Clean Energy (SDG 7), Decent Work and Economic Growth (SDG 8), Industry, Innovation and Infrastructure (SDG 9), Sustainable Cities and Communities (SDG 11), Climate Action (SDG 13) and Peace, Justice and Strong Institutions (SDG 16).

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