CGS International Securities Malaysia Sdn. Bhd. (CGS MY) hosted its third annual ESG and Sustainability Conference in Kuala Lumpur, focusing on Malaysia’s transition to a net zero economy by 2050. The event, themed “Malaysia’s Next Step”, brought together policymakers, industry leaders, and sustainability experts. Deputy Minister of Energy Transition and Water Transformation Malaysia, Akmal Nasrullah, emphasised the urgency of shifting to a low-carbon economy, citing the recent power blackout in Klang Valley and Johor as a wake-up call.
The conference also marked the launch of a Thematic Report on Nuclear for Malaysia’s Energy Transition, developed by CGS International and UK-based Panmure Liberum. The report suggests that introducing a 10% nuclear share in Malaysia’s energy mix could significantly reduce carbon emissions. Kevin Lee, Group Head of Sustainability at CGS International, stated, “Our nuclear report with Panmure Liberum aims to spark informed dialogue on Malaysia’s next frontier in energy sustainability.”
The report outlines three scenarios for Malaysia’s energy future, highlighting the potential of Small Modular Reactors to provide stable, low-carbon power. It estimates that expanding nuclear power to 10% of the energy mix could require an investment of up to $300 billion. However, clear policy guidance is needed to unlock green financing channels.
The conference featured discussions on power sustainability, labour reforms, and cybersecurity risks, underscoring CGS MY’s commitment to promoting ESG integration and sustainable investment practices in Malaysia.
