Catalist-listed LMS Compliance says its subsidiary, My CO2 Group (MyCO2), has entered a collaboration with the Malaysian Semiconductor Industry Association (MSIA), Masverse Technologies (Maschain), and CRIF Omesti (CRIF), according to a Dec 3 release.
The collaboration is expected to assist members of MSIA, mainly small and medium enterprises (SMEs) to achieve environmental, social and governance (ESG) compliance, promote sustainability awareness and strengthen Malaysia’s position in the global semiconductor supply chain, says the group.
Under the collaboration, MyCO2 is set to lead the execution of the ESG Readiness Self-Assessment & Action Plan Program, utilising its proprietary digital tools to help SMEs identify their gaps in ESG compliance and develop actionable plans through personalised consultations.
The program will be implemented in three stages, including receiving free ESG self-assessment tools, free ESG readiness certificates, and subsidised ESG consultation services.
According to the group, the program aims to assist at least 50 MSIA member companies in boosting their ESG performance and aligning with international sustainability standards.
Louis Ooi, executive director and CEO of LMS Compliance, commented, “Our partnership with MSIA, Maschain and CRIF underscores our commitment to empowering SMEs in the semiconductor industry with the tools and resources necessary for ESG compliance. Through this initiative, MyCO2 aims to support these businesses in achieving sustainability benchmarks, enhancing their global competitiveness and fostering long-term environmental stewardship.”
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Shares in LMS Compliance closed flat at 36 cents on Dec 3.
