Covering Disruptive Technology Powering Business in The Digital Age

In pursuit of advancing sustainable energy practices, Pantas Software Sdn Bhd signed a Memorandum of Understanding (MoU) with Solarvest Holdings Bhd to integrate the latter’s innovative clean energy solutions into the former’s partner ecosystem and co-develop a key smart metrics system for decarbonisation recommendations.

The collaboration will be executed under the auspices of Bank Negara Malaysia’s Greening Value Chain (GVC) programme, leveraging Pantas’ Artificial Intelligence (AI)-powered Carbon Management and ESG platform to seamlessly measure, reduce and report customers’ carbon footprint, and subsequently offer tailored decarbonisation solutions.

Solarvest and Pantas: Providing Best-in-Class Expertise for Sustainability

Solarvest serves as the decarbonisation partner that will incentivise and assist Malaysian businesses in taking their first steps in implementing sustainable changes to their operations; while Pantas serves as the digital partner, and promotes clean energy solutions complementing their actionable data insights. Together, they provide an end-to-end decarbonisation journey aimed at facilitating a simplified and expedited renewable energy adoption.

Max Lee, CEO at Pantas, shared, “Our partnership with Solarvest is not just a collaboration; it’s a fusion of Pantas’ robust carbon management platform with Solarvest’s renewable energy expertise. At Pantas, we’re proud to bring our end-to-end climate technology platform to this alliance, providing a critical tool for businesses to measure, manage, and reduce their carbon footprint. Together, we’re setting a new standard in environmental stewardship, offering bespoke decarbonisation strategies that empower businesses to navigate towards a sustainable, low-carbon future.”

Solarvest and Pantas officials at the MoU signing ceremony.

Davis Chong Chun Shiong, Executive Director and Group Chief Executive Officer at Solarvvest, added, “Solarvest is thrilled to enter the digital space helping businesses in achieving their ESG goals. Pantas’ revolutionary decarbonisation solutions effectively manage carbon footprint, leading to actionable decarbonisation plans. What is important next is the financing. Research found nearly half (46%) of the Malaysia’s business lack a budget for sustainability initiatives. To address this issue, it is crucial to look into the gaps in tax incentives and financing options such as Green Investment Tax Allowance (GITA), Green Income Tax Exemption (GITE), and Green Technology Financing Scheme (GTFS) to lower the entry barrier, making renewable energy more viable and attractive.”

Open for SMEs Looking at Sustainable Practices

To leverage this latest offering from the Pantas-Solarvest partnership, businesses may avail themselves of BNM’s Low Carbon Transition Facility (LCTF). Open to SMEs in all sectors, they may obtain up to RM10 million in financing at a maximum financing rate of 5% per annum, up to a tenure of 10 years. The proceeds from LCTF can be used to fund capital expenditure or working capital to initiate or facilitate the transition to low carbon and sustainable operations.

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