
3R waste technology to rehabilitate Sandakan landfill
SANDAKAN (July 22): Sandakan is set to make a leap forward in sustainable waste management with the launch of Sabah's first landfill rehabilitation project using globally patented 3R technology.
IGNIS SG (Sabah) Sdn Bhd has officially signed a 12-year concession agreement, with an option to extend for another eight years, with the Sandakan Municipal Council (MPS).
The agreement allows the company to rehabilitate the long-overdue Sungai Sibuga solid waste landfill, often referred to as a dead landfill.
IGNIS SG Executive Director Dr Davina Marcus said the initiative addresses the mounting waste management challenges faced by Sandakan.
'This is something I've planned for a long time. I've seen with my own eyes how landfill sites are growing into mountains of unmanaged waste. The space keeps expanding, and I believe it's time for a new solution, one that tackles the problem and contributes to environmental sustainability without adding to the waste pile,' she said.
Speaking during the launch of the Sungai Sibuga Landfill Rehabilitation Project on Tuesday, Davina said IGNIS SG has been given exclusive rights to develop and implement the rehabilitation works using IGNIS 3R technology, patented globally by its parent company, Ignis Environment Initiatives Sdn Bhd.
'This project will not only resolve long-standing waste disposal issues but also drive Sandakan towards green transformation,' she said.
According to Davina, the IGNIS 3R system offers a comprehensive, non-incineration and non-toxic treatment process, supporting Malaysia's Net-Zero Emission 2050 target and Environmental, Social and Governance (ESG) principles.
'The technology enables processing of buried waste without prior segregation, using a closed-loop zero waste-to-landfill approach. It also allows for land recovery for future use, and the extraction of reusable materials from old waste.'
She further explained that the project is fully funded under a Private Financing Initiative (PFI) by IGNIS SG (Sabah) Sdn Bhd, with support from EXIM Bank Malaysia, without financial backing from the state government or local authorities.
'This shows the financial sector's confidence in the project's viability and the effectiveness of IGNIS 3R technology on a commercial scale,' she added.
Currently, the project is in its initial implementation phase, with site works and mobilisation of IGNIS 3R machinery underway.
The Sandakan 3R Waste Rehabilitation Project is expected to be physically completed by July 2026.
'My hopes for this landfill project are very high. I want this to inspire others to commit to protecting the environment and freeing up landfill capacity that's becoming increasingly saturated with waste.
'I also hope this project will help reduce public health risks linked to environmental pollution, add value through land reuse, and contribute towards improving Sandakan's image as a city,' Davina said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Daily Express
2 days ago
- Daily Express
Tackling key themes in modern dispute resolution
Published on: Saturday, July 26, 2025 Published on: Sat, Jul 26, 2025 By: Larry Ralon Text Size: Kota Kinabalu: This year's conference tackled key themes in modern dispute resolution, including an ESG (Environmental, Social and Governance) Roundtable, the launch of the Expert Determination Rules and a session exploring the role of Generative AI in arbitration. Another highlight is a discussion on Court-Annexed Mediation and its practical applications for enforcing settlement agreements, an issue gaining traction under the Singapore Convention on Mediation. Wong also praised Harbans Singh, a well-respected mediator and Bicam Council member, for leading recent training sessions for the judiciary, Housing Ministry and Justice of the Peace Associations in Penang and Selangor. 'Harbans does this for free and even donates his own well-regarded book on mediation to participants. His dedication is a reflection of the spirit we aim to cultivate at Bicam,' he said. As Bicam positions itself at the forefront of institutional arbitration and mediation in the region, Wong emphasised that continued growth will come through education, engagement and public trust. 'Every effort has reaffirmed one principle: ADR, when accessible and well-administered, is a powerful tool to resolve conflict and promote progress,' he said. 'This conference is yet another step in our journey, to build a lasting, inclusive and innovative dispute resolution ecosystem for Sabah and beyond.' * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia


Malay Mail
2 days ago
- Malay Mail
ESG reforms key to restoring trust in sustainable finance — Nahrizul Adib Kadri
JULY 26 — The global sustainable finance market has reached an inflection point. With the United Nations estimating that $4 trillion annually is required to achieve the Sustainable Development Goals, ESG (Environmental, Social, and Governance) investing has moved from the periphery to the centre of financial decision-making. Yet fundamental challenges threaten to undermine its credibility and effectiveness. The evolution from socially responsible investing in the 1990s through Corporate Social Responsibility in the 2000s to today's ESG framework reflects a growing recognition that non-financial factors materially affect long-term returns. However, this progression has exposed critical structural weaknesses in how we measure and verify sustainability claims. The most pressing issue facing sustainable finance is the absence of standardised ESG metrics. Different rating agencies routinely assign contradictory scores to the same company, creating confusion for investors and opportunities for manipulation. While quantifiable factors like carbon emissions can be measured with reasonable accuracy, subjective elements such as governance quality remain poorly defined. This inconsistency enables 'rating shopping', where companies selectively engage with agencies likely to provide favourable assessments. The reliance on self-reported data compounds these problems. Without mandatory third-party verification, companies face few barriers to exaggerating their sustainability credentials. This has given rise to various forms of misrepresentation: greenwashing (inflated environmental claims), brownwashing (concealing harmful practices), and greenhushing (deliberately understating sustainability efforts to avoid litigation). Each undermines market integrity and investor confidence. As an example of the perverse incentives created by ESG frameworks, consider Malaysia's used cooking oil (UCO) market. European regulations favour sustainable aviation fuel made from waste products like UCO over virgin palm oil, creating a premium for supposedly 'used' oil. The result: fresh cooking oil in Malaysia sells for approximately $0.60 per kilogram while UCO commands $1.00. This price differential has spawned an entire fraudulent ecosystem where fresh oil is passed off as used, defeating the environmental purpose while enriching intermediaries. Criminal syndicates have emerged to exploit this arbitrage, mixing subsidised fresh oil with UCO shipments. The environmental impact is precisely opposite to what regulators intended — instead of reducing waste, the system creates additional demand for palm oil production and associated deforestation. This cooking oil fraud exemplifies a broader pattern in sustainable finance: well-intentioned regulations creating unintended consequences. When the market values the appearance of sustainability more than actual environmental impact, rational actors will supply that appearance. The UCO case demonstrates how ESG metrics, divorced from rigorous verification, become vehicles for fraud rather than instruments of change. Current regulatory frameworks remain inadequate to address such systemic failures. The UN-backed Principles for Responsible Investment, while well-intentioned, lack enforcement mechanisms. Signatories can claim adherence without meaningful implementation, reducing these principles to symbolic gestures. The European Union's binding regulations offer a more promising model, yet as the UCO example shows, even mandatory frameworks can be subverted without proper verification systems. Recent empirical evidence raises additional troubling questions about ESG implementation. Research on board diversity reveals that companies with female directors experience greater IPO underpricing — approximately $13 million more left unclaimed. This suggests that markets may value the appearance of ESG compliance over substantive impact, indicating that much ESG adoption remains performative rather than transformative. The tension between fiduciary duty and sustainability goals has become increasingly apparent. BlackRock's legal challenges exemplify this conflict, with the asset manager facing lawsuits from both ESG advocates and critics. This highlights the fundamental question: can investment strategies prioritise sustainability while maintaining competitive returns? The financial sector's response to this question will shape the future of sustainable investing. These challenges occur against a backdrop of declining public trust in financial institutions. Survey data indicates that confidence in finance professionals has deteriorated more rapidly than in other sectors since the mid-1990s. This erosion of trust creates additional obstacles for ESG adoption, as sceptical stakeholders question whether financial institutions can credibly champion sustainability. Proposed technological solutions present their own paradoxes. Blockchain technology could enhance transparency in ESG reporting, but its significant energy consumption contradicts environmental objectives. Such contradictions illustrate the complexity of implementing sustainable finance solutions. For Malaysian financial markets, these global trends carry important implications. The UCO fraud case demonstrates how local markets can be distorted by international ESG requirements. As international investors increasingly integrate ESG factors into allocation decisions, local companies and financial institutions must navigate between genuine sustainability commitments and performative compliance. The choice of regulatory approach — voluntary guidelines versus mandatory standards with robust verification — will significantly influence market development. The path forward requires addressing fundamental weaknesses in the ESG ecosystem. Standardised metrics must replace the current patchwork of rating methodologies. Independent verification should become mandatory, not optional. Regulatory frameworks need enforcement mechanisms that ensure accountability. Companies must move beyond symbolic gestures to substantive changes in business practices. Financial institutions face a credibility test. After decades of prioritising short-term profits, they must demonstrate that their commitment to sustainability extends beyond marketing rhetoric. This requires acknowledging trade-offs between immediate returns and long-term sustainability, rather than perpetuating the fiction that all ESG investments automatically enhance profits. The sustainable finance sector stands at a critical juncture. The gap between its promise and current practice threatens to undermine legitimate efforts to align financial markets with environmental and social objectives. As the Malaysian UCO case illustrates, without rigorous verification and enforcement, ESG frameworks can create perverse incentives that worsen the very problems they aim to solve. Closing this gap demands rigorous standards, authentic leadership, and regulatory frameworks that distinguish genuine sustainability from performative compliance. The $4 trillion question is not whether sustainable finance can work, but whether market participants will implement the reforms necessary to make it work. For emerging markets like Malaysia, the decisions made today will determine whether sustainable finance becomes a driver of meaningful change or another chapter in the long history of financial sector disappointments.
.jpg&w=3840&q=100)

Daily Express
2 days ago
- Daily Express
What businesses must contend with
Published on: Saturday, July 26, 2025 Published on: Sat, Jul 26, 2025 By: Sisca Humphrey Text Size: L/R: Ming, Cecilia and Neil. Kota Kinabalu: Businesses must evolve beyond awareness of climate risk and actively quantify and integrate sustainability into their strategic decisions, said Aon executives during their presentation at the Marim Conference 2025 here. Delivering the opening, Aon's Senior Vice President Ming Hui Lim said the world is confronting a confluence of four 'mega trends' that have created new layers of market vulnerabilities: trade disruptions, technological transformation, extreme weather and workforce shifts. 'To stay anti-fragile, we need to be relevant, resourceful, and resilient,' he said. He emphasised that businesses are generally unprepared for the full implications of shifting global trade policies, while investment decisions remain cautious and supply chains fragile. Lim also spoke candidly about the challenges in technology and human capital, noting that while artificial intelligence (AI) and cloud infrastructure have enhanced productivity, they have also elevated cyber risk. 'In Malaysia, we're seeing heightened exposure among healthcare, real estate and professional service sectors,' he said. He said the presence of four generations in today's workforce also adds complexity. 'Younger employees want flexibility, values, and purpose in their work. If we don't evolve, we won't retain talent, especially given current economic pressures,' he said. Moving on to environmental risk, where Aon's Director for Risk, Climate and Sustainability Cecilia Tse, provided a sobering assessment of business preparedness in the face of climate threats. Referencing the World Economic Forum's Global Risk Report, she pointed out that five of the top ten global risks in the coming decade are environmental. 'Despite this, climate and environmental risks remain among those that businesses are least prepared for,' she said. Cecilia outlined three categories of climate-related risk, which are physical, transition and liability. She highlighted that physical risks include both sudden events like flash floods or typhoons and chronic threats like sea level rise and prolonged heatwaves. Transition risks, meanwhile, stem from changes in law, regulation, customer expectations and technology adoption. 'In Malaysia, regulators are moving,' she said, citing Bank Negara's climate stress testing and Bursa Malaysia's phased climate disclosure requirements. 'By 2027, tens of thousands of companies in Asia-Pacific, including here, will be required to file climate disclosures,' she said. She warned of increasing litigation risks, highlighting concepts like greenwashing (exaggerated ESG claims), greenhushing (withholding climate data), and greenwishing (overstating intent without follow-through). 'Disclosures must be credible, measurable, and backed by clear plans,' Cecilia said. Cecilia urged companies to take the initiative even if they are not currently obligated. 'Early adopters have time to build internal capacity and governance confidence. ESG disclosures must be signed off by boards, so understanding and ownership is critical,' she said. Business Development Leader at Aon's Global Risk Consulting Neil Gravestock, focused on the need for quantifying climate risk. 'Qualitative talk is no longer enough. Regulators and investors want numbers,' he said. Gravestock highlighted that a practical approach, which is start small with pilot studies, such as flood mapping or hazard overlays to build understanding. 'Visual tools like heat maps allow organisations to spot hotspots and trends at portfolio level without needing to model every site in detail,' he said. He cautioned, however, against blind reliance on climate models, which often fail to capture on-the-ground realities such as building design, drainage systems, or the presence of flood barriers. 'A flood model might say a building is underwater, but if the water can't enter the premises, the real risk may be negligible,' he said. One case in point was a plantation study where the floodwater itself didn't damage trees, but prolonged silt deposition around roots posed a bigger threat. 'Understanding these details helps organisations focus resources more effectively,' he said. Looking ahead, Gravestock said advances in AI and quantum computing would significantly improve forecasting and modelling. 'Malaysia is aiming to be a regional centre for quantum computing by 2035, and that will transform how we assess environmental risk,' Gravestock said. He concluded that while climate risks pose threats, they also create opportunities, especially in areas like green chemistry, battery technology, and carbon capture. 'What's coming is a complete shift in how we quantify and navigate risk. And we must be ready,' he said. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia