Halal SMEs to receive full ESG Support under new MBSB–Asia CarbonX partnership

MBSB Berhad (MBSB) today formalised a strategic collaboration with Asia Carbonx Change Plt (Asia Carbonx Change or ACCP) to provide Halal SMEs with a clearer and more practical pathway to meet ESG expectations. Through this partnership, Halal-certified and Halal-focused businesses will gain access to recognised renewable energy tools and support that help them prepare for certification, strengthen compliance and remain competitive as sustainability standards continue to evolve.

This collaboration focuses on helping Halal SMEs improve their ESG practices through practical actions, including better energy management and recognized sustainability reporting tools. By integrating Renewable Energy Certificate (REC) solutions into MBSB’s Islamic Sustainability Financing Programme, the partnership enables businesses, particularly those adopting solar energy to access verified renewable energy attributes that help reduce Scope 2 emissions and strengthen sustainability reporting. Asia Carbonx Change Plt will serve as MBSB’s appointed intermediary to register, issue, manage and redeem RECs on behalf of solar asset owners and eligible MBSB customers.

This includes asset onboarding and compliance with the internationally recognised I-REC(E) and I-Track standards, ensuring each certificate redeemed is traceable and credible. This partnership strengthens MBSB’s value proposition to SMEs by offering:

This follows MBSB’s latest initiative pursuant to its RM1 billion solar financing commitment and supports the Group’s broader goal of mobilizing RM10 billion in sustainable and transition finance by 2026 under its Sustainable and Transition Finance Framework. To date, MBSB has already mobilised RM4.73 billion in sustainable financing, representing 47% of its 2026 target.

Asia Carbonx Change Plt, a Malaysia-based renewable energy solutions company, facilitates the creation, monetization and trading of Renewable Energy Certificates (RECs) that are internationally recognised. These certificates allow organisations to claim renewable electricity usage and offset Scope 2 emissions, reinforcing their sustainability credentials while supporting Malaysia’s clean energy transition.