In a bid to equip aspiring youngsters with entrepreneurial skills, MoneyTree Sdn Bhd (MTSB) recently launched its Money Tree Young Entrepreneur Start-up (YES) challenge. A subsidiary of MoneyTree Asia Pacific Ltd, MTSB can offer its parents special financial training programme that educates children and youths aged 9 to 19 years. Students are groomed from learning basic money matters to investment tools and finally graduating to be entrepreneurs.
CSR investment potential under scrutiny
By Ishun P Ahmad
At least four foreign fund managers, managing about S$190 billion (RM601.84 billion) of pension funds, are coming to Malaysian shores in July to look at the investment potential of companies with excellent corporate social responsibility (CSR) practices in the country.
It is learnt that the asset managers include Hermes Asset Management (UK), Mitsubishi UFJ Financial Group (Japan), New Zealand Superannuation Fund and Mn-Services (the Netherlands).
They will be attending a three-day international CSR conference to be held from July 29 to 31 in Kuala Lumpur.
In a bid to increase its energy efficiency initiatives, Asian Development Bank (ADB) is planning to double its clean energy investments in Asia to $2 billion a year. The multilateral funding agency said in a statement this plan is to help accelerate low carbon growth and reduce greenhouse gas emissions in the region.
A new fund, the Global Iman Fund, is set to give investors the opportunity to see their money grow based on their own personal beliefs. The new fund, launched by Global Prosperata Funds Inc, focuses on socially responsible investing. Vice-Global Prosperata Funds Inc President, Glenn Moore, was reported to have said, "In spite of the current financial situation in both developed and emerging economies, ethical funds similar to the Global Iman Fund have been impacted to a lesser degree than traditional financial markets,"
The Awakening the Dreamer Initiative will run its symposium in Kuala Lumpur, Malaysia, soon. Through dynamic group interactions, leading edge information, and inspiring multimedia, participants of this half-day event are inspired to reconnect with their deep concern for our world, and are empowered to make a difference.
Qatar Airways is the first and only Middle East carrier to join the Aviation Global Deal (AGD) Group, a body aimed at developing a global policy for tackling aviation emissions. The Doha-based airline joins international carriers, UK-based airports operator BAA and international non-government organisation the Climate Group to build the policy and create more awareness of the issue.
According to Thomson Reuters, several banks have reduced their analysis of business' policies on social responsibility. The cutback implies that investors interested in corporate social responsibility may have to seek information elsewhere. On the other hand, investor representatives have been reported to have said they was a "mixed picture" of the banks' support of socially responsible investing.
Coral Reef Camp in Pulau Tioman
The Department of Marine Park Malaysia (DMPM), along with various NGOs in the marine conservation field, including Reef Check Malaysia (RCM), launched the Malaysian initiative of The International Year of the Reef 2008 (IYOR 08) in 1 Utama shopping mall in February as an effort to raise public awareness on the importance of coral reefs which are found abundantly in our Malaysian coastal waters. Found in the centre of the “Coral Triangle”, which is an area recognized by scientists worldwide with the most diversity of marine life, it is important to educate the public on how we can play our part in protecting the coral reefs in our waters.
The first research centre on the mangrove ecosystem and coastal zone management was opened recently. The Mangrove Research Centre (MRC), established by Sime Darby Plantation Sdn Bhd, is the the first of its kind in the nation, and is one of the results between of the collaboration on flora and fauna biodiversity between Sime Darby Research Centre and Universiti Malaya's Institute of Biological Sciences and Institute of Ocean and Earth Sciences.
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OWW Consulting , one of South East Asia's leading CSR consultancies, launches two new websites. CSR Malaysia is their contribution to help promote CSR in the region. SRI Asia houses the OWW Responsibility SRI Index Series.
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