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MY EMPLOYERS AND CLIENTELLES



BIODATA - NIK ZAFRI



 



NIK ZAFRI BIN ABDUL MAJID,
CONSULTANT/TRAINER
Email: nikzafri@yahoo.com, nikzafri@gmail.com
https://nikzafri.wixstudio.com/nikzafriv2

Kelantanese, Alumni of Sultan Ismail College Kelantan (SICA), Business Management/Administration, IT Competency Cert, Certified Written English Professional US. Has participated in many seminars/conferences (local/ international) in the capacity of trainer/lecturer and participant.

Affiliations :- Council/Network Member of Gerson Lehrman Group, Institute of Quality Malaysia, Auditor ISO 9000 IRCAUK, Auditor OHSMS (SIRIM and STS) /EMS ISO 14000 and Construction Quality Assessment System CONQUAS, CIDB (Now BCA) Singapore),

* Possesses almost 30 years of experience/hands-on in the multi-modern management & technical disciplines (systems & methodologies) such as Knowledge Management (Hi-Impact Management/ICT Solutions), Quality (TQM/ISO), Safety Health Environment, Civil & Building (Construction), Manufacturing, Motivation & Team Building, HR, Marketing/Branding, Business Process Reengineering, Economy/Stock Market, Contracts/Project Management, Finance & Banking, etc. He was employed to international bluechips involving in national/international megaprojects such as Balfour Beatty Construction/Knight Piesold & Partners UK, MMI Insurance Group Australia, Hazama Corporation (Hazamagumi) Japan (with Mitsubishi Corporation, JA Jones US, MMCE and Ho-Hup) and Sunway Construction Berhad (The Sunway Group of Companies). Among major projects undertaken : Pergau Hydro Electric Project, KLCC Petronas Twin Towers, LRT Tunnelling, KLIA, Petronas Refineries Melaka, Putrajaya Government Complex, Sistem Lingkaran Lebuhraya Kajang (SILK), Mex Highway, KLIA1, KLIA2 etc. Once serviced SMPD Management Consultants as Associate Consultant cum Lecturer for Diploma in Management, Institute of Supervisory Management UK/SMPD JV. Currently – Associate/Visiting Consultants/Facilitators, Advisors/Technical Experts for leading consulting firms (local and international), certification bodies including project management. To name a few – Noma SWO Consult, Amiosh Resources, Timur West Consultant Sdn. Bhd., TIJ Consultants Group (Malaysia and Singapore), QHSEL Consultancy Sdn. Bhd.

He is also currently holding the Position of Principal Consultant/Executive Director (Special Projects) - Systems and Methods, ESG, QHSE at QHSEL Consultancy Sdn. Bhd.* Ex-Resident Weekly Columnist of Utusan Malaysia (1995-1998) and have produced more than 100 articles related to ISO-9000– Management System and Documentation Models, TQM Strategic Management, Occupational Safety and Health (now OHSAS 18000) and Environmental Management Systems ISO 14000. His write-ups/experience has assisted many students/researchers alike in module developments based on competency or academics and completion of many theses. Once commended by the then Chief Secretary to the Government of Malaysia for his diligence in promoting and training the civil services (government sector) based on “Total Quality Management and Quality Management System ISO-9000 in Malaysian Civil Service – Paradigm Shift Scalar for Assessment System”

Among Nik Zafri’s clients : Adabi Consumer Industries Sdn. Bhd, (MRP II, Accounts/Credit Control) The HQ of Royal Customs and Excise Malaysia (ISO 9000), Veterinary Services Dept. Negeri Sembilan (ISO 9000), The Institution of Engineers Malaysia (Aspects of Project Management – KLCC construction), Corporate HQ of RHB (Peter Drucker's MBO/KRA), NEC Semiconductor - Klang Selangor (Productivity Management), Prime Minister’s Department Malaysia (ISO 9000), State Secretarial Office Negeri Sembilan (ISO 9000), Hidrological Department KL (ISO 9000), Asahi Kluang Johor(System Audit, Management/Supervisory Development), Tunku Mahmood (2) Primary School Kluang Johor (ISO 9000), Consortium PANZANA (HSSE 3rd Party Audit), Lecturer for Information Technology Training Centre (ITTC) – Authorised Training Center (ATC) – University of Technology Malaysia (UTM) Kluang Branch Johor, Kluang General Hospital Johor (Management/Supervision Development, Office Technology/Administration, ISO 9000 & Construction Management), Kahang Timur Secondary School Johor (ISO 9000), Sultan Abdul Jalil Secondary School Kluang Johor (Islamic Motivation and Team Building), Guocera Tiles Industries Kluang Johor (EMS ISO 14000), MNE Construction (M) Sdn. Bhd. Kota Tinggi Johor (ISO 9000 – Construction), UITM Shah Alam Selangor (Knowledge Management/Knowledge Based Economy /TQM), Telesystem Electronics/Digico Cable(ODM/OEM for Astro – ISO 9000), Sungai Long Industries Sdn. Bhd. (Bina Puri Group) - ISO 9000 Construction), Secura Security Printing Sdn. Bhd,(ISO 9000 – Security Printing) ROTOL AMS Bumi Sdn. Bhd & ROTOL Architectural Services Sdn. Bhd. (ROTOL Group) – ISO 9000 –Architecture, Bond M & E (KL) Sdn. Bhd. (ISO 9000 – Construction/M & E), Skyline Telco (M) Sdn. Bhd. (Knowledge Management),Technochase Sdn. Bhd JB (ISO 9000 – Construction), Institut Kefahaman Islam Malaysia (IKIM – ISO 9000 & Internal Audit Refresher), Shinryo/Steamline Consortium (Petronas/OGP Power Co-Generation Plant Melaka – Construction Management and Safety, Health, Environment), Hospital Universiti Kebangsaan Malaysia (Negotiation Skills), Association for Retired Intelligence Operatives of Malaysia (Cyber Security – Arpa/NSFUsenet, Cobit, Till, ISO/IEC ISMS 27000 for Law/Enforcement/Military), T.Yamaichi Corp. (M) Sdn. Bhd. (EMS ISO 14000) LSB Manufacturing Solutions Sdn. Bhd., (Lean Scoreboard (including a full development of System-Software-Application - MSC Malaysia & Six Sigma) PJZ Marine Services Sdn. Bhd., (Safety Management Systems and Internal Audit based on International Marine Organization Standards) UNITAR/UNTEC (Degree in Accountacy – Career Path/Roadmap) Cobrain Holdings Sdn. Bhd.(Managing Construction Safety & Health), Speaker for International Finance & Management Strategy (Closed Conference), Pembinaan Jaya Zira Sdn. Bhd. (ISO 9001:2008-Internal Audit for Construction Industry & Overview of version 2015), Straits Consulting Engineers Sdn. Bhd. (Full Integrated Management System – ISO 9000, OHSAS 18000 (ISO 45000) and EMS ISO 14000 for Civil/Structural/Geotechnical Consulting), Malaysia Management & Science University (MSU – (Managing Business in an Organization), Innoseven Sdn. Bhd. (KVMRT Line 1 MSPR8 – Awareness and Internal Audit (Construction), ISO 9001:2008 and 2015 overview for the Construction Industry), Kemakmuran Sdn. Bhd. (KVMRT Line 1 - Signages/Wayfinding - Project Quality Plan and Construction Method Statement ), Lembaga Tabung Haji - Flood ERP, WNA Consultants - DID/JPS -Flood Risk Assessment and Management Plan - Prelim, Conceptual Design, Interim and Final Report etc., Tunnel Fire Safety - Fire Risk Assessment Report - Design Fire Scenario), Safety, Health and Environmental Management Plans leading construction/property companies/corporations in Malaysia, Timur West Consultant : Business Methodology and System, Information Security Management Systems (ISMS) ISO/IEC 27001:2013 for Majlis Bandaraya Petaling Jaya ISMS/Audit/Risk/ITP Technical Team, MPDT Capital Berhad - ISO 9001: 2015 - Consultancy, Construction, Project Rehabilitation, Desalination (first one in Malaysia to receive certification on trades such as Reverse Osmosis Seawater Desalination and Project Recovery/Rehabilitation), ABAC Centre of Excellence UK (ABMS ISO 37001) Joint Assessment (Technical Expert)

* Has appeared for 10 consecutive series in “Good Morning Malaysia RTM TV1’ Corporate Talk Segment discussing on ISO 9000/14000 in various industries. For ICT, his inputs garnered from his expertise have successfully led to development of work-process e-enabling systems in the environments of intranet, portal and interactive web design especially for the construction and manufacturing. Some of the end products have won various competitions of innovativeness, quality, continual-improvements and construction industry award at national level. He has also in advisory capacity – involved in development and moderation of websites, portals and e-profiles for mainly corporate and private sectors, public figures etc. He is also one of the recipients for MOSTE Innovation for RFID use in Electronic Toll Collection in Malaysia.

Note :


TO SEE ALL ARTICLES

ON THE"LABEL" SECTION BELOW (RIGHT SIDE COLUMN), YOU CAN CLICK ON ANY TAG - TO READ ALL ARTICLES ACCORDING TO ITS CATEGORY (E.G. LABEL : CONSTRUCTION) OR GO TO THE VERY END OF THIS BLOG AND CLICK "Older Posts"


 

Showing posts with label KNOWLEDGE WORKER. Show all posts
Showing posts with label KNOWLEDGE WORKER. Show all posts

Friday, July 11, 2025

9 QUALITIES TO BECOME A GOOD LEADER - NIK ZAFRI

These are insights I’ve gathered over the last 30 years through experience and observation. When I first wrote this in 1999, there were 14 points but I’ve since summarize them into 9 core qualities, refined to suit 2025 and beyond. I’ve made them clear, memorable, and practical for everyday leadership.

It's my version of "Leadership" module

Of course, it shouldn’t take you another 30 years to apply them. Who knows, your leadership journey might just begin today.

1) KNOWLEDGABLE 

A good leader must possess strong domain knowledge and be well-informed about the industry, current trends, and the specifics of the organization. This includes:

  • Technical expertise and decision-making frameworks,
  • Understanding the roles and responsibilities of the team,
  • Being aware of external factors like market forces, regulations, and competitors.
  • Staying updated through continuous learning, training, and reading.

Why it mattersA knowledgeable leader earns respect, gives informed direction, and avoids costly mistakes.

2) DO THE RIGHT THING

Integrity and ethics are non-negotiable traits of leadership. 
  • Stand for principles even when it’s hard or unpopular,
  • Uphold fairness, transparency, and accountability,
  • Be a role model in behavior, honesty, and consistency, lead by example
Why it mattersPeople follow leaders they trust. 
Doing the right thing builds long-term loyalty and credibility.

3) HEAD TO THE RIGHT DIRECTION

Leadership is about setting and aligning everyone with a clear vision.

  • Set logical, measurable and achievable goals based on strategic foresight,
  • Align the team’s work with the organization’s mission and values.
  • Periodically reassess the path to ensure relevance.
Why it matters: A leader without direction leads a team to confusion. Purposeful direction gives clarity and unity.

4) WORK HARDER

Effort and commitment are infectious.
  • Show dedication and passion through your work ethic.
  • Don’t shy away from getting your hands dirty when needed.
  • Be willing to put in the extra time to support your team or resolve crisis.

Why it mattersHardworking leaders inspire their teams to rise above mediocrity and follow by example.

5) THINK OF NEW WAYS

If you're a seasoned professional, you may need to work with the younger generation. Innovation keeps the organization relevant and competitive.

  • Be open to change and embrace creative thinking,
  • Encourage brainstorming and experimentation without fear of failure (should you fail, do it again),
  • Look for improvements in processes, products, and people development.
Why it mattersStagnation is the enemy of progress. Leaders must innovate to adapt and thrive.

6) MAKE THE BEST DECISION

Not a popular decision, but the best decision
  • Decision-making is at the heart of leadership,
  • Base your choices on facts, resources, data, experience, and intuition, 
  • Involve stakeholders when appropriate, but take responsibility and to be accountable,
  • Balance risks and rewards with long-term implications in mind.

Why it mattersThe ability to make timely, sound decisions determines whether a team succeeds or struggles.

7) BUSINESS SUSTAINABILITY

Leadership must consider long-term viability, not just short-term gains.
  • Balance economic success with environmental and social responsibility (ESG), 
  • Invest in people, processes, and technologies that support sustainable growth.
  • Make ethical decisions that preserve reputation and resources.
Why it mattersSustainability ensures your organization endures and thrives in an ever-changing world.

8) BE A GOOD LISTENER

Effective communication starts with listening.

Practice active listening, seek to understand, not just to respond,
Show genuine empathy and openness to different views and feedback,
Use listening as a tool to detect problems early and build trust.

Why it mattersPeople feel valued and motivated when they are heard. It improves morale, loyalty, and problem-solving. (AND always reward good ideas)

9) CONTINUAL IMPROVEMENT

Strive for excellence, not perfection.

Promote a culture where learning and improvement are continuous,
Encourage reflection, feedback, and growth - personally and organizationally,
Invest in upskilling, process optimization, and quality enhancement.

Why it mattersIn a rapidly evolving world, continuous improvement is necessary to stay competitive and agile.

CONCLUSION 

"The impact of doing something is FAR more greater than doing nothing at all" - Nik Zafri

"True leadership is not about authority, it's about responsibility, humility, and vision" - Nik Zafri

t.


Friday, May 23, 2025

PROPERTY COMPANY - IT'S TIME TO REBRAND

I know this might be hard on some, but let’s admit it, just like #architectural, #construction and #consulting firms (which I have spoken enough on the subjects) - even a highly successful PROPERTY COMPANY can benefit from a "new breath of life", a strategic refresh that sustains relevance, competitiveness, and long-term growth without abandoning its core values and principles.

LET’S START WITH SOMETHING NOT TOO AMBITIOUS
HERE’S A TYPICAL 6 PHASE PROPOSED ROADMAP SUITABLE FOR PROPERTY COMPANIES OPERATING IN SOUTH EAST ASIA – Hope it helps







Friday, May 02, 2025

Thriving Through Organizational Change: Bridging Seasoned and Young Professionals - by Nik Zafri

 

“Change is the only constant” 

a phrase often repeated, rarely understood in its full weight until it lands on your desk, your workflow, or your job description. 

Organizational change whether driven by digital transformation, leadership shifts, restructuring, or market realignment is no longer a once-in-a-decade event. It is ongoing, accelerating, and multi-generational.

In my experience conducting motivation-based courses, I’m consistently asked the following two questions :

  • How do professionals, young and seasoned alike, not just survive but thrive through change? 
  • How can senior professionals remain relevant and respected even when reporting to younger bosses?

These are hard questions for me but I'll try to delve with case studies, research-backed insights, and actionable strategies for everyone in today’s evolving workforce.

1.0 The Reality: Change Is Disruptive (and Expensive)

According to McKinsey & Company , nearly 70% of organizational transformation efforts fail, largely due to :

  • employee resistance, 
  • lack of engagement, or 
  • unclear communication. 

Yet when executed well, organizations that embrace structured change see productivity increase by up to 25% and employee satisfaction rise by 20–30%.

Meanwhile, a 2023 Deloitte Global Human Capital Trends survey found that:

61% of professionals felt overwhelmed by constant change,

48% feared being left behind due to digital transformation,

But 71% were willing to reskill or shift roles if given clarity and support.

Case Study 1: Siemens From Traditional Engineering to Digital Twin Leadership


Case Study 2: Unilever – Flattening Hierarchies and Empowering Young Leaders



2.0 How Can Young Professionals Adapt?

a. Stay Curious, Not Complacent

Ask questions, not just for knowledge but to learn from others' experience. Show humility when working with seniors, it earns trust and opens doors.

b. Get Comfortable with Ambiguity

Change is rarely clear-cut. Embrace iterative work and unstructured problem-solving.

c. Build Tech and People Skills Together

Digital skills are essential, but so is empathy, communication, and cross-generational respect.

3.0 How Can Seasoned Professionals Adapt?


4.0 What Happens When the Boss is Younger?

Let’s be honest, it’s awkward at first for both sides. 

BUT RESPECT IS EARNED, NOT DICTATED BY AGE


“In my mid-50s, I found myself reporting to a 32-year-old CMO. At first, I felt invisible. But once I started mentoring his team on stakeholder management and client psychology, skills AI can't teach he told me I was his most trusted partner.” - Former Global VP, now Leadership Coach

4.0 Conclusion

For All Professionals (Regardless of Age)
  • Learn continuously. There are many platforms on the internet,
  • Strengthen emotional intelligence. That’s what holds people together during turbulent change.
  • Communicate transparently. Ask, share, clarify, silence kills culture.
  • Adapt your role to value delivery, not title.
  • Ask yourself - “How do I help the team win?” will beat “What’s in my job description?”

Change is no longer something to "get through." It's the new normal.

Whether you're a young professional fresh out of university, or a seasoned expert with 30 years under your belt, the real winners are those who:

  • Stay flexible in their role,
  • Stay humble in their approach,
  • And stay human in how they work with others.
Because in a world where AI is doing more, it’s the human capacity to adapt, relate, and guide that becomes most valuable.

Friday, July 26, 2024

DUE DILIGENCE ON TROUBLED COMPANIES - A SIMPLE GUIDE BY NIK ZAFRI

 BASIC PRINCIPLES OF DUE DILIGENCE (ON TROUBLED COMPANIES)


Due diligence on a troubled company requires a particularly rigorous and comprehensive approach. It involves delving deeper into potential risks and liabilities than a typical due diligence process.  See the table below - please expand further. (Remember : It's not as easy as it looks)

hashtagDueDiligence hashtagAudit hashtagRiskAssessment hashtagRiskManagement 



Sunday, December 10, 2023

KNOWLEDGE MANAGEMENT HAS REACHED A NEW HEIGHTS - NIK ZAFRI

The evolution of Knowledge Management requires adapting knowledge to fit the present landscape. Big data and data mining might soon yield to the capabilities of Artificial Intelligence, Quantum Computers, and even blockchain. However, it's crucial not to undermine the core principles of KM; otherwise, we risk losing our sense of direction.

Tuesday, November 14, 2023

SOLAR SYSTEM DESIGN AND NETWORKING - a brief guideline

 



Networking in in solar systems design has always been a topic that is "easier said than done". But with proper guideline, the networking has a big future potential to open up a network of business.

I personally believe that building connections is extremely important within the industry to enhance collaboration.

We also need to stay updated on advancements, and create opportunities for professional growth.

Here are some useful tips :

a. Get the knowledge by attending events such as conferences, trade shows, and seminars related to solar energy and systems design. These events provide excellent opportunities to meet professionals, learn about new technologies, and stay updated on industry trends. Remember solar system design is a very unique scenario. You may think that you have what it takes but you need others to provide other expertise that you may not possess.

b. Affiliate with the right professional organizationsdon't be afraid or timid to become a member of organizations like the Malaysian Photovoltaic Industry Association, Solar Energy Industries Association (SEIA) or the International Solar Energy Society ISES. These groups offer networking events, forums, and access to valuable resources.

c. LinkedIn is a great online platform that I know of connecting with professionals in the solar energy field. Join relevant groups, participate in discussions, and share your knowledge and experiences.

d. Seek Opportunity to collaborate on solar projects. Working with others not only enhances your skills but also expands your network within the industry.

e. Stay Informed - on the latest developments of solar technology by taking courses, attending webinars, or pursuing certifications. This not only enhances your knowledge but also connects you with like-minded professionals.

f. Be part of Local Networking by attending local events and meetups related to renewable energy. Building connections within your geographic region can lead to valuable partnerships and opportunities.

g. Find the right Mentor - from experienced professionals in the solar industry. A mentor can provide guidance, share insights, and introduce you to their network.

h. Write Blog Post or articles about solar systems design and contribute them to industry publications. This can help establish you as an authority in the field and attract networking opportunities.

i. Maintain a Professional Presence on Social Media - especially those popular within the industry. Share relevant content, engage with others, and build a reputable online presence.

j. Reach Out - be proactive - take the initiative to reach out to professionals you admire or want to connect with. Be clear about your goals and how you can contribute to the solar energy community.

Remember, effective networking is about building genuine relationships, sharing knowledge, and being open to collaboration. It's not just about what you can gain, but also about what you can contribute to the community.

Saturday, October 21, 2023

CARBON CREDIT - Basic Understanding - by Nik Zafri

Question : Mr. Nik, I saw your YouTube video on Industrial Symbiosis. Are you familiar with carbon credits and its process such as application etc. (Top management of MNC)


Organizations can apply for carbon credits through various processes that are typically part of carbon offsetting programs. Carbon credits are a key component of national and international emissions trading schemes that aim to mitigate the effects of climate change.

Not limited to the following; where applicable and customized to the nature of industry; here are the general steps that an organization can follow to apply for carbon credits (exclude any elements where necessary) :

1.0  Measure the Carbon Footprint

The first step for any organization is to calculate its carbon footprint. This involves assessing the amount of greenhouse gases emitted directly and indirectly from its operations, including energy use, transportation, waste generation, and other relevant activities.

Calculating your carbon footprint involves assessing the amount of greenhouse gases, primarily carbon dioxide, that you directly or indirectly produce. The carbon footprint is usually measured in units of carbon dioxide equivalents (CO2e). Here's a general approach to calculating it:

a. Determine the Scope of Your Calculation

There are typically three scopes of emissions that you should consider:

  1. Scope 1: Direct emissions from sources that are owned or controlled by the entity (e.g., emissions from vehicles you own).
  2. Scope 2: Indirect emissions from the generation of purchased electricity consumed by the entity.
  3. Scope 3: Other indirect emissions, such as the extraction and production of purchased materials, transportation-related activities, waste disposal, and so on.

b. Calculate Home/Office/Site Energy Use:

Determine your energy use including electricity, heating, and cooling. You can usually find this information on your utility bills. Use conversion factors to convert the energy use into CO2e emissions.

  1. Transportation: Calculate the emissions from transportation activities. This includes vehicles/machinery fuel consumption. Use standard emission factors for different modes or types of vehicles to convert the activities into CO2e emissions.
  2. Dietary/Food : Consider the carbon footprint of one's diet, including the emissions from the production, transportation, and disposal of the food consumed. This can include both the food itself and its packaging.
  3. Other Consumption Habits: Assess the emissions associated with other consumption habits such as clothing, electronic devices, and other products. This involves considering the emissions associated with the production, transportation, and disposal of these goods.
  4. Offsetting Activities: After calculating the carbon footprint, consider offsetting some or all of the emissions by supporting projects that reduce or remove greenhouse gas emissions, such as reforestation, renewable energy projects, or carbon capture and storage initiatives.
  5. Use Carbon Footprint Calculators: There are several online carbon footprint calculators available that can help estimation of carbon footprint based on the data provided. These tools make it easier for businesses to estimate their emissions.

By following these steps, companies can get a general idea of the carbon footprint. Reducing the carbon footprint can involve various lifestyle changes, such as using more energy-efficient appliances, using public transportation, reducing meat consumption, and supporting sustainable products.

2.0  Implement Carbon Reduction Strategies

After identifying the sources of emissions, organizations should implement strategies to reduce their carbon footprint. This can include adopting energy-efficient technologies, using renewable energy sources, optimizing transportation, and improving waste management practices.

e.g. adopting an environmental management strategy; avoid unnecessary printing; recycle; incentives for public and sustainable transport; reduce energy consumption, and define renewable energy use targets.

e.g. Energy Efficiency

Implementing energy-efficient measures, such as insulation, efficient HVAC systems, and LED lighting, can significantly reduce energy consumption and operational carbon emission

3.0  Assessment and Certification

Scheduled or non-scheduled inspection, risk assessment and internal audit should be conducted by the organization. Auditors should possess the necessary training, competency and experience without elements of partiality.

3rd party audit will look into :

e.g. wind or solar farm - to ascertain actual generation and renewable energy are measured including emission of Greenhouse Gases (GHG) such as Water Vapour (H2O), Carbon dioxide (CO2), Methane (CH4), Ozone (O3), Nitrous Oxide (N2O), Chlorofluorocarbon (CFC), Hydrochlorofluorocarbon (HCFC), Carbon tetrachloride (CCl4)

Organizations can get their emissions reduction projects certified by accredited certification bodies or relevant agencies. The certification process typically involves verification of the emission reduction methods and the actual reduction achieved. Common certification standards include the Clean Development Mechanism (CDM), Verified Carbon Standard (VCS), and Gold Standard.

4.0  Apply for Carbon Credits

Once the emission reduction project is certified, the organization can apply for carbon credits. This involves submitting the necessary documentation and data to the relevant carbon credit registry or authority. The application process may vary depending on the specific requirements of the carbon credit program or market.

5.0  Verification and Validation

The carbon credit application is usually subject to verification and validation by independent auditors or certification or regulatory bodies. This step ensures that the emission reduction claims are accurate and meet the standards set by the specific carbon credit program.

6.0  Issuance and Trading

Upon successful verification, the organization will receive carbon credits for the verified amount of emission reductions. These carbon credits can then be traded on the carbon market or used to offset the organization's own carbon footprint. Organizations can sell their excess carbon credits to other entities looking to offset their emissions.

7.0  Compliance and Reporting 

Organizations are often required to comply with reporting requirements, providing regular updates on their carbon reduction efforts and the utilization or trading of carbon credits. Compliance helps ensure transparency and accountability in the carbon credit market.

It's essential for organizations to stay informed about the evolving standards and regulations related to carbon credits, as they may vary across different jurisdictions and markets. Engaging with experienced consultants or carbon management firms can also help streamline the process of applying for and managing carbon credits.

In Malaysia, Bursa Carbon Exchange ( BCX ), Malaysia’s voluntary carbon market (VCM) exchange, is part of the nation’s commitment towards achieving net zero greenhouse gas (GHG) emissions as early as 2050.

BCX is a spot exchange that facilitates the trading of high-quality carbon credits via standardised carbon contracts. Corporates may purchase these credits to offset their carbon footprint while the sale of carbon credits, in return, will help to finance and drive the development of domestic GHG emission reduction and removal solutions and projects.

Please contact Bursa Malaysia and BCX for more information