KOSSAN’s ‘Greening Value Chain’ With PANTAS
KUALA LUMPUR, 8 MARCH 2023 – Kossan Rubber Industries and Pantas Software have successfully launched the Greening Value Chain Programme, in collaboration with Bank Negara Malaysian, which aims to incentivize and assist carbon emission management among KOSSAN’s SME suppliers.
The programme allows these suppliers to access BNM’s Low Carbon Transition Facility of RM2 billion to fund working capital or capital expenditures related to low-carbon practices at an affordable rate. Pantas Software, a Malaysia-based climate-tech solution, will provide carbon accounting software solutions to SMEs and training and consultation services provided by GVC service provider partners.
These partners include Malaysia Green Technology and Climate Change Corporation, Credit Guarantee Corporation Malaysia, British Standards Institution, and AmBank.
The programme is supported by the Joint Committee of Climate Change, which is co-chaired by BNM and Securities Commission Malaysia. The programme’s goal is to encourage SMEs to manage their carbon emissions effectively, making them strategic SME suppliers of KOSSAN while helping achieve national carbon reduction targets,
As Tan Sri Dato’ Lim Kuang Sia, Group Managing Director and CEO of KOSSAN said in his speech, “This programme is a great representation of KOSSAN’s values. As part of KOSSAN’s L.I.V.E Sustainability Policy, we believe that to succeed in our sustainability journey, we need to strengthen our partnership and collaboration. This programme is a win-win-win relationship for our suppliers and KOSSAN, which also benefits the environment. This is one example of our commitment to creating shared values with our partners because we believe that our sustainability journey is a path to take together”.
PANTAS CEO and Co-founder, Max Lee states, “We believe that an integrated software solution, relevant training and awareness are essential to get SMEs onboard KOSSAN’s sustainability efforts to ensure a just transition. Apart from assisting SMEs in measuring and disclosing the relevant climate data, PANTAS will also work with partners to help SMEs set and achieve carbon reduction targets.”
Following the GVC programme rollout, PANTAS and the selected service provider partners will hold regional training sessions to equip SME suppliers with valuable insights into climate change, including the importance and methods of carbon management and reporting. Additionally, SMEs will gain an in-depth understanding of the assurance process and access to climate-related financing products. The first training session will be held on March 21st, 2023 in Lanai Kijang, Kuala Lumpur.