10/12/2025

ESG WEDNESDAY | DEC 10, 2025

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FE Green PET gets RM150m financing from HSBC

where innovation drives both profitability and purpose.” Beyond Malaysia, ICT Zone has actively engaged with industry stakeholders across Asean to promote sustainable technology practices. In 2025, the Group co-hosted ESG Unplugged alongside ESGAM and HP, convening C-suite leaders to discuss inclusive growth and sustainable transformation. The company has also participated in knowledge-sharing forums such as the Malaysiakini Top in Tech Series and the Bursa Carbon Exchange Forum, contributing thought leadership to Malaysia’s low-carbon transition. Aligned with ASOCIO’s mission of fostering cross-border collaboration and responsible digital leadership, ICT Zone’s win reinforces Malaysia’s growing influence in advancing ESG innovation within Asia-Oceania’s digital economy. Communities unite for mangrove and coastal restoration in Labuan LABUAN: In a vibrant collaboration between Bank Pembangunan Malaysia Berhad (BPMB) and MUFG Bank (Malaysia) Berhad (MUFG), the ALAM Be Leaf initiative expanded to Labuan - rallying 390 volunteers, including a strong youth contingent to plant 1,122 mangrove saplings at Taman Ekologi Kinebenuwa. This marks the programme’s fourth chapter this year, following successful efforts in Terengganu, Perak and Malacca. With 70% of participants aged 13-35, the initiative emphasises youth-led environmental action, inspiring the next generation of eco-champions to actively protect Malaysia’s coastal ecosystems. The hands-on planting experience allowed participants to witness firsthand how mangroves mitigate coastal risks, support biodiversity, and enhance local livelihoods. “Through ALAM Be-Leaf, BPMB is leading efforts to restore mangroves, working in partnership with MUFG to empower youth and communities in building a greener, more resilient future. Together, we hope to inspire meaningful action and lasting impact for Malaysia’s coastal ecosystems,”said BPMB Group chief corporate development officer Datuk Wira Dr. Mohammad Hardee Ibrahim. “We are proud to collaborate with ALAM to restore coastal ecosystems and foster a culture of environmental stewardship. Recognising that we all have a part to play in caring for our planet, the partnership highlights the importance of collaborative efforts in driving sustainability and creating lasting impact and value for future generations,” said MUFG CEO and country head of Malaysia Motohide Okuda. Anchored in Environmental Awareness, Eco-Champions Development, and Biodiversity Conservation – the initiative fosters practical solutions for ecosystem restoration and climate resilience. Each mangrove sapling planted contributes to healthier coastal ecosystems and thriving communities, demonstrating how collaboration between corporates, youth, and the wider community can deliver meaningful, measurable sustainability outcomes.

o Funds will be used to expand high-tech recycling factory in Malacca PETALING JAYA: FE Green PET (M) Sdn Bhd, a wholly owned subsidiary of Taiwan’s Far Eastern New Century Group (FENC); a prominent player in sustainable materials manufacturing, has secured RM150 million in green and sustainability-linked financing from HSBC Malaysia. This marks FENC’s global debut in green and sustainability-linked financing and will fund the expansion of FE Green PET’s recycled polyethylene terephthalate (rPET) resin production plant in Malacca. The initiative will not only support the construction phase but also the post commercial operation of the project. rPET can be produced from used plastic materials such as used plastic bottles and containers. The loan proceeds will be used to finance the acquisition of industrial land and rPET production equipment for the plant’s initial construction phase. The plant will have the capacity to produce 50,000 metric tonnes rPET from Post-Consumer Recycled (PCR) content annually. This strategic investment not only showcases the increasing trend of Taiwanese companies investing in Malaysia, amidst supply chain shifts but also reinforces FE Green PET’s dedication to sustainable practices. The plant will contribute to waste reduction by transforming waste into value-added products for food-grade rPET, for some of FE Green PET’s globally recognised clients, including leading beverage brands. This investment aligns well with Malacca’s Industrial Booster initiative and will play a pivotal role in bolstering the state’s vision of transforming into a green state economy hub, with welldeveloped infrastructure enabling fast global imports and exports. “The collaboration between FE Green PET and HSBC signifies a stride towards a more sustainable future, promoting a circular economy and responsible manufacturing practices. Through the cross-border collaboration with the parent company; Far Eastern New Century

FE Green PET’s Malacca plant will support Malaysia’s green transition.

sustainability targets tied to FENC’s ESG efforts are achieved. Key focus areas encompass Renewable Electricity Consumption and Recycled Water Consumption. FENC is the world’s largest green recycler of bottle grade polyester. Since 1988, the company has been committed to environmentally friendly recycling processes and product development, with production facilities in Taiwan, Japan, Vietnam and the United States. In line with efforts to consolidate its leadership in the Asean PCR industry, which focuses on reusing materials discarded by consumers, FENC is looking to replicate its successful model in Malaysia. FE Green PET distinguishes itself through cutting-edge technology that transforms locally sourced PET bottles into high quality rPET resin. By employing advanced techniques including sorting, cleaning, decontamination, and pelletising, high value rPET resin is produced, ensuring both environmental sustainability and product quality.

in Taiwan, FE Green PET (M) Sdn Bhd in Malaysia and HSBC’s offices in both Malaysia and Taiwan, the deal highlights our ability to leverage our international network to connect clients with key opportunities offered by sustainable finance”, said HSBC Malaysia global trade solutions head Shreyas Krishna. “We have been deeply rooted in the Malaysian market for 30 years. Malaysia is not only a key hub for our Asean operations but also represents our long-term commitment to local development. “The commissioning of our new Melaka plant will accelerate the implementation of the ‘bottle-to-bottle’ circular system, supporting Malaysia’s green transition and resource recycling, while further connecting regional and global supply chains in pursuit of low-carbon development”, said FENC president, Donald Fan. The sustainability-linked structure aligns KPIs with FENC’s sustainability strategy and initiatives. This framework enhances pricing as

ICT Zone wins accolade at ASOCIO Awards 2025 in Taiwan KUALA LUMPUR: ICT Zone Asia Bhd has been honoured with the Environmental, Social and Governance (ESG) Award at the ASOCIO Awards 2025, held during the ASOCIO Digital Summit 2025 in Taipei, Taiwan. focused on advancing smart government, AI infrastructure, digital talent development, cloud services, and sustainable technology ecosystems. Certified with ISO 14001:2015 and recognised by EcoVadis for its sustainability performance, ICT Zone’s initiatives also include the

MyHIJAU-certified Device-as-a-Service (DaaS 360) solution, which integrates financing, hardware, software, and device lifecycle management under one ESG-aligned framework. ICT Zone Asia Bhd managing director and CEO, Tommy Lim Kok Kwang said:“We are deeply honoured to receive the ESG Award from ASOCIO. This recognition affirms our belief that technology and sustainability must move hand in-hand. “Through our TechFin model, we enable organisations to digitalise responsibly – reducing their carbon footprint, promoting device reuse, and creating positive social impact across Asean. “Our goal is to build a digital ecosystem

It also featured a Global AI Impact Hub, innovation showcases, and recognition ceremonies for outstanding achievements in digital transformation. ICT Zone has established itself as Malaysia’s pioneer in sustainable ICT solutions. The company’s flagship Carbon Neutral Computing Services (CNCS) – the first of its kind in Malaysia – helps organisations offset ICT related carbon emissions while extending the lifespan of IT assets through refurbishment and remarketing. To date, CNCS has enabled clients to offset more than 428 tonnes of CO ĸ equivalent emissions.

The ASOCIO Digital Summit is one of the most influential technology gatherings in the region, bringing together government, industry, and academic leaders from 24 Asian-Oceanian economies to accelerate digital transformation and AI-driven innovation across the region. Hosted by the Taiwan Innovative Software and Services Association (TISSA) and co-organised with Taiwan’s Ministry of Digital Affairs, the 2025 summit welcomed more than 400 participants, including national ICT associations, global digital leaders, and top-tier technology enterprises. The 2025 theme “AI Shaping Digital Asia,”

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