Sustainability: RAM, Carbon Software-as-a-Service Firm MVGX Tech to Expand ESG Analytics Capabilities

RAM Holdings Berhad, the holding company of the largest credit rating agency in Malaysia and Southeast Asia, has entered into a partnership with MVGX Tech and Carbon Rating Malaysia Sdn Bhd (CRM) to strengthen RAM’s ESG rating capabilities.

MVGX is a carbon Software-as-a-Service (SaaS) company and has “developed best-in-class carbon solutions that empower corporations, governments, and institutions to take action at every stage of their decarbonization journey.”

CRM is a management services company “specializing in carbon management services and solutions for clients.”

In the collaboration, RAM will incorporate MVGX’s Decarbonization Rating System into its sustainability services offerings, “with customizations to suit local needs. CRM and RAM will jointly work together for the marketing and support for users of the solution.”

The new decarbonization rating solution from RAM, “to be deployed online, will enable companies to measure their carbon emissions for Scope 1, 2 and 3, as well as effectively strategize their decarbonization journey.”

RAM’s decarbonization rating system “leverages a proprietary methodology developed by MVGX, in consultation with TÜV SÜD, an ISO certification body.”

Companies will be objectively rated “based on emission measurements in addition to other dimensions and are given a ranking along with a detailed rating report, which is then verified by TÜV SÜD.”

MVGX’s Decarbonization Rating System “give businesses the assurances that their disclosures are of ISO quality and certified by globally-recognized sustainability standards providers such as the British Standards Institution (BSI) and TÜV-SÜD.”

The Decarbonization Rating System is “a core component of MVGX’s Carbon Connect Suite, a holistic, end-to-end suite of products and services that are designed to guide corporations and institutions in their decarbonization journeys.”

The Carbon Connect Suite is based “on a comprehensive framework anchored in the principles of Define, Measure, Mitigate, Offset, Certify, and Finance.”

Nor Azamin Salleh, Executive Chairman of CRM said:

“This partnership opens up possibilities for Malaysian companies to look into embarking into their decarbonization journey and to address the issue of their carbon footprint in a more accurate and affordable manner.”

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