The Penang Green Summit 2025, themed “Moving Towards Sustainable Energy,” reaffirms Penang’s leadership in advancing a low-carbon, resilient, and competitive economy. Organized by the Penang Green Council (PGC), the event aligns with Malaysia’s National Energy Transition Roadmap (NETR) and Penang’s Energy Framework, turning policy direction into measurable industrial progress.
A key highlight was the signing of a Memorandum of Understanding between the Penang State Government and Alliance Bank Malaysia Berhad to establish Malaysia’s first state-level Climate Mitigation Fund (CM Fund). This blended financing mechanism supports SMEs and mid-tier companies in adopting renewable energy, improving efficiency, and scaling ESG integration across high-impact sectors such as electronics, precision engineering, and medical technology.
“The theme ‘Moving Towards Sustainable Energy’ perfectly reflects Penang’s collective journey toward a low-carbon, high-impact, and future-ready economy. This progress is the result of close collaboration between government, industry, and community,” said Chief Minister YAB Chow Kon Yeow.
Between 2019 and 2024, energy intensity in Penang’s manufacturing sector dropped by 19 percent annually, water use by 22 percent, and industrial waste sent to landfills by 24 percent — clear indicators of an industry-wide transition. “These numbers reflect not only progress but purpose — showing how industries in Penang are rethinking the way they produce, consume, and grow in harmony with the environment,” added YAB Chow.
The Penang Green Industry Programme (PGIP) has already engaged nearly 500 companies through ESG-focused training. Its next phase, featuring the COSIRI sustainability assessment framework, will further strengthen industry readiness for the State’s Green Manufacturing Hub vision by 2030.
Through public-private partnerships and data-driven innovation, Penang continues to position itself as Malaysia’s model for industrial sustainability — proving that green transformation is both economically viable and essential for long-term growth.
