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Both companies will leverage their combined expertise in environmental services and the carbon markets to develop a portfolio of climate solutions projects
6 March 2024
GENEVA, SWITZERLAND and SARAWAK, MALAYSIA 6 MARCH, 2024 – ecosecurities, a leading global climate solutions company that leverages the power of nature, technology and finance to help accelerate decarbonisation efforts and Chemsain, one of Malaysia’s largest companies providing environmental, engineering and occupational safety services announced an agreement focused on rapidly expanding decarbonisation solutions throughout Malaysia. The agreement signing was witnessed by Deputy Premier III the Honourable Datuk Amar Prof Dr. Sim Kui Hian and Deputy Premier II the Honourable Datuk Amar Awang Tengah Ali Hasan attended a morning presentation, commending the partnership.
The partnership will prioritise key sectors including; energy, industry, transportation, forestry and land use as outlined in the country’s Nationally Determined Contributions (NDCs) and will support Malaysia’s ambition of being Net Zero by 2050.
This pioneering collaboration will focus on developing innovative decarbonisation solutions to accelerate the country’s efforts across a wide range of projects including energy, waste, nature-based, technology-based and community-based solutions by pairing ecosecurities almost 30 years of experience in developing global climate mitigation and reduction projects with Chemsain’s extensive environmental services and engineering experience in Malaysia. Both companies will leverage public and private sector investment to build a portfolio of climate solutions projects to support Malaysia’s Net Zero ambition and commitment to cut carbon intensity against GDP by 45% by 2030.
“We’re delighted to be working with Chemsain to really accelerate decarbonisation efforts across Malaysia. ecosecurities has been operating in Southeast Asia for almost 30 years and so we have a deep understanding of the opportunities and challenges that exist in the region to drive down carbon emissions in the short to medium term”, said Pablo Fernandez, CEO ecosecurities. “By working together, we are uniquely placed to drive positive environmental change and sustainable economic development in a country where growth is set to exceed 4% in 2024".
Chemsain executive chairman Dr John Chan said, “We are pleased to embark on this partnership with ecosecurities. This collaboration underscores our commitment to supporting the region’s pivot towards decarbonisation solutions and creating new opportunities within the carbon market sector”.
Media contacts:
ecosecurities
Rachel Mountain| rachel.mountain@ecosecurities.com | +44 7446733741
Ben Lynch | ben.lynch@ecosecurities.com |+44 7809292676
Chemsain
Arina Zaidi | arina.zaidi@chemsain.com
Notes to Editors:
About ecosecurities
ecosecurities is a leading global climate solutions company that leverages the power of nature, technology and finance to help accelerate decarbonisation efforts around the world. With almost three decades of experience, the company has extensive capabilities in developing renewable energy, waste, nature and technology-based and community projects.
The company has deployed over $1 billion in climate finance and generated more than 400 million carbon credits across 700 projects in 45 countries. ecosecurities continues to work closely with standard setters, governance bodies and membership organisations to realize the full potential of high-integrity carbon markets across a variety of methodologies and protocols.
Headquartered in Switzerland, the company has a presence in 11 countries and has received strategic investment from SK and Shinan, Hartree Partners and Sustainable Investment Management. Find out more at ecosecurities.com
About Chemsain
Chemsain Konsultant Sdn Bhd., a Sarawakian-born organisation, has grown into one of the most established environmental, socialsocial, and regulatory services providers in Malaysia with four decades of local and international experience. We provide an integrated range of services in the fields of Environment, Engineering, Monitoring, Laboratories, Water Infrastructure, Drone, Capacity Building and Sustainability with a workforce strength of over 700 employees across 10 strategically located offices in Malaysia and Brunei.
With the steady growth of Chemsain’s technical capabilities, geographical presence, and network of international partners, Chemsain consults and supports a large variety of clients ranging from governments to multinational conglomerates meet their sustainability targets.
For further information, please visit chemsain.com.