PENANG’s commitment to integrating Environmental, Social, and Governance (ESG) principles is deeply rooted in the Penang2030 vision, Chief Minister Chow Kon Yeow stressed.
In his address to attendees and distinguished guests at the Penang-Korea ESG Workshop 2024 held at Penang Marriott Hotel, Chow highlighted the significance of the blueprint that aligns the state’s development with global sustainability and social responsibility standards.
“Under the Penang2030 framework, we are actively pursuing initiatives that resonate with global best practices in sustainability.
“Among our efforts are enhancing the public transportation network to reduce carbon emissions, promoting energy-efficient buildings, and implementing waste segregation at the source to improve waste management,” Chow stated.
Drawing inspiration from international models, Chow noted that South Korea serves as a valuable reference, particularly in building a resilient economy and advancing social welfare.
“We are equally committed to fostering a state where economic growth harmonises with environmental and social well-being, mirroring South Korea’s objectives,” said Chow, who also serves as chairman of the Penang Green Council (PGC).
Chow emphasised the importance of environmental sustainability, pointing to the Penang Green Agenda as the roadmap toward this goal. The agenda focuses on reducing carbon emissions, improving waste management, and promoting renewable energy.
“We are determined to advance the state’s green infrastructure by integrating advanced technologies, inspired by South Korea’s leadership in renewable energy,” he said.
Chow also acknowledged the challenges posed by high costs and technical barriers, viewing them as opportunities for innovation.
“We are committed to overcoming these obstacles through public-private partnerships, driving sustainable development forward,” Chow remarked.
In his push for a sustainable and resilient Penang, Chow underscored the need for collective efforts from all stakeholders, including businesses, communities, and individuals.
He expressed Penang’s eagerness to strengthen ties with South Korea, leveraging their expertise to achieve shared goals in sustainability and economic growth.
South Korean ambassador Yeo Seung-bae commended the state for deepening its collaboration with the South Korean government.
“I hope our bond continues to flourish as it provides a valuable platform for both sides to learn from each other’s sustainable development practices,” he said.
Also present were PGC general manager Josephine Tan and Korea Trade-Investment Promotion Agency (KOTRA) director-general Dr Lee Sung Gi.
Story by Edmund Lee
Pix by Alissala Thian
Video by Siti Nuratikah Rahmat