Latest news with #Marim
Daily Express
6 days ago
- Business
- Daily Express
Coastal folks to feel climate change effects
Published on: Thursday, July 17, 2025 Published on: Thu, Jul 17, 2025 By: Sisca Humphrey Text Size: Petrus (fourth, right) and Faisha (fourth, left) with key delegates at the conference. Kota Kinabalu: Independent Non-Executive Chairman of Life Water Berhad, Datuk Petrus Gimbad, has urged risk professionals to take climate change seriously, warning that Sabah's coastal communities could face mounting threats from rising sea levels and extreme weather events. Delivering the keynote address at the Marim International Conference 2025 on Tuesday, Petrus, who is also a private consultant (Sabah Government Representative) to the Inland Revenue Board of Malaysia, said global warming is on track to exceed the 1.5°C threshold unless fossil fuel dependency is significantly reduced. Advertisement 'Global warming is real. Unless the world reduces its appetite for fossil fuels, we will overshoot 1.5°C,' he said. He stressed that organisations must adopt whole-system approaches to sustainability, including full life cycle assessments of their operations, and align business practices with environmental, social and governance (ESG) goals. Petrus also cited lessons from China and Singapore, where energy transition strategies are being balanced with the need for reliability and development. 'Sabah must plan carefully. We have financial and infrastructure limitations, especially on the east coast, and these must be addressed if we are to pursue large-scale renewable energy options,' he said. Marim Chairman Muhammad Faisha Shahriman called on risk professionals to move beyond compliance and become strategic leaders within their organisations. 'We are expected to make sense of changes in regulation, policy, economics and technology and to help organisations respond in ways that are timely, strategic and sound,' he said. Held for the first time in Sabah, the two-day conference attracted over 300 participants and 24 exhibitors, with more than 60 per cent of attendees representing government-linked companies (GLCs). Themed 'The Antifragile Risk Manager – Resourceful, Resilient, Relevant' the event aims to strengthen the capacity of risk leaders to manage complex threats and support sustainable growth. Faisha also highlighted Marim's recent partnership with the UK-based Institute of Risk Management (IRM) to expand global certification pathways for Malaysian professionals. He acknowledged long-standing support from the Labuan International Insurance Association (LIIA) and the Malaysian Insurance and Takaful Brokers Association (MITBA). Participants at the conference include professionals from sectors such as oil and gas, banking, infrastructure, agribusiness, telecommunications, manufacturing and legal services. Key topics being discussed over the two days include ESG, cyber risk, climate transition, corporate governance and risk culture. The event is supported by corporate sponsors across the insurance, energy, financial and consultancy sectors, including platinum sponsor Howden Malaysia. * 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
Daily Express
15-07-2025
- Business
- Daily Express
Sabah's coasts at risk from climate change
Published on: Tuesday, July 15, 2025 Published on: Tue, Jul 15, 2025 By: Sisca Humphrey Text Size: Petrus (fourth, right) and Faisha (fourth, left) with key delegates at the conference. KOTA KINABALU: Datuk Petrus Gimbad has warned that Sabah's coastal areas face growing risks from rising sea levels and extreme weather due to climate change. Advertisement Speaking at the Marim International Conference 2025, here on Tuesday, the Life Water Berhad chairman said global warming is likely to exceed the 1.5°C threshold without urgent reductions in fossil fuel use. He called for organisations to adopt full life cycle assessments and align operations with ESG goals to support long-term sustainability. Marim Chairman Muhammad Faisha Shahriman urged risk professionals to take on more strategic roles in responding to economic, policy and technological shifts. The two-day conference, held for the first time in Sabah, has drawn over 300 participants from multiple sectors and is supported by sponsors including Howden Malaysia. * Read full report in tomorrow's print paper or log in or sign up for e-paper and premium online news access. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
