MIA: the 2022 budget to catalyze the building of a more inclusive and sustainable nation | Malaysia

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People watching the live presentation of the 2022 budget by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz to Parliament, Penang on October 29, 2021. – Photo by Sayuti Zainudin

KUALA LUMPUR, October 30 – The Malaysian Institute of Accountants (MIA) hailed 2022 budget’s inclusiveness and sustainability themes that align with global environmental, social and governance (ESG) dynamics and the 17 United Nations Sustainable Development Goals (SDGs). .

President Veerinderjeet Singh said that as a regulator and developer of the accountancy profession, MIA has placed a strong emphasis on the adoption of ESG and sustainability among accountancy professionals and its members to help foster the good governance and supporting sustainable business and economic development.

The MIA focused on positioning the profession as a leader in ESG and climate governance in accordance with the position of the International Federation of Accountants.

“MIA supports the government’s aspiration to make Malaysia a carbon neutral country by 2050 through the launch of a voluntary carbon market under Bursa Malaysia as a voluntary platform for trading credits from carbon between owners of green assets and other entities, ”he said in a statement. , today.

Meanwhile, MIA Director General Dr Nurmazilah Mahzan said the national accounting body looks forward to contributing, especially in the emerging areas of climate change and sustainability, which is aligned with the guidance for the global accountancy profession as the MIA strives to improve the future relevance of the accountancy profession.

In addition, Ko Chuan Zhen, Chairman and CEO and Co-Founder of Xnergy Holding Sdn Bhd Group, said that the allocation of RM1 billion by Bank Negara Malaysia to help small and medium enterprises (SMEs) adopt practices sustainable and low-carbon emissions is a good direction, as SMEs fuel the country’s growth. with 38.2 percent growth in the contribution of domestic product.

“We anticipate that such efforts to encourage SMEs to adopt sustainable practices would include government-backed microfinance programs, aimed at providing easy installment loans to businesses and households for clean energy such as solar power.” , did he declare.

He said the company was happy to see RM 485 million earmarked for rural electricity supply projects, benefiting 2,100 households.

“As a clean energy solutionist, we believe in the right to have access to energy for every person.

“At least 10,000 people will now have access to electricity, thereby improving their quality of life,” he added. – Bernama


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