Collaboration Unveiled: Carbon GPT Joins Forces with the Malaysian Stock Exchange and Leading Businesses in the Top 100 Rank
In a significant move to strengthen sustainability disclosures among Public Listed Companies (PLCs) in Malaysia, Bursa Malaysia has designated the CSI Platform as its official reporting channel. To bolster this commitment, the exchange has partnered with Carbon GPT, an AI-driven company that serves as the official AI partner for Bursa Malaysia’s Corporate Sustainability Information (CSI) Platform [1].
Carbon GPT, co-founded by Dr. Matthew Wong, an expert in ESG considerations, and Dr. Ivan Ling, an expert in machine learning, data analytics, and data storytelling, offers a solution for businesses to address their sustainability reporting problems by acting as a virtual Chief Sustainability Officer [1].
The AI-Sustainability Reporting tool provided by Carbon GPT reduces the time and resources needed for reporting, allowing companies to focus more on implementing sustainable practices [1]. The tool uses the data businesses already have to generate fast, auditable carbon emission reports at a fraction of the current cost, using less resource and taking less time [1].
By integrating AI-powered services into the CSI Platform, Bursa Malaysia is equipping companies with the tools needed to produce structured sustainability reports. The partnership enables easier adherence to comprehensive disclosure requirements, providing precise gap analyses, prioritizing key reporting areas, improving ESG rating alignment, and helping PLCs establish sound reporting practices [1].
The partnership with Bursa Malaysia allows Carbon GPT to support a large number of companies, including the top 100 companies listed on the Exchange, to drive improvements in their sustainability and the sustainability of Malaysia as a country [1]. In fact, Bursa Malaysia is collaborating with Alliance Bank to offer Carbon GPT’s services for free to eligible PLCs, especially small to mid-sized or newly listed companies.
Dato' Fad'l Mohamed, Chief Executive Officer of Bursa Malaysia, expressed this commitment to strengthening sustainability disclosures. Dr. Ivan Ling, co-founder of Carbon GPT, commented that the partnership with Bursa Malaysia allows Carbon GPT to support a large number of companies, including the top 100 companies listed on the Exchange, to drive improvements in their sustainability and the sustainability of Malaysia as a country [1].
Dr. Matthew Wong, CEO and Co-Founder of Carbon GPT, stated that their AI-Sustainability Reporting tool simplifies ESG reporting [1]. The tool provides a seamless integration with Bursa Malaysia’s CSI Platform, where companies can upload their sustainability data in any format. Carbon GPT’s AI system then analyzes the data, identifies gaps, and generates reports aligned with IFRS S1/S2 standards [1]. Additionally, companies receive detailed gap analysis with readiness scores and actionable recommendations for improvement. The platform handles data collection, AI analysis, and report generation, helping PLCs reduce hundreds of hours spent on reporting and focusing on actionable sustainability improvements [1].
The success of Carbon GPT is a positive step for the team at the University of Southampton, where Dr. Ivan Ling was a member of the most recent cohort. The University of Southampton's website team offers support to researchers or students at the university who want to create a startup at any stage of the process, and has supported other startup founders in the past [2].
In summary, the Carbon GPT and Bursa Malaysia collaboration provides Malaysian PLCs with an AI-driven tool to efficiently comply with evolving sustainability reporting standards, enhance the quality of their disclosures, and meet regulatory and investor expectations within the Malaysian Stock Exchange framework [1].
[1] Carbon GPT and Bursa Malaysia partnership to streamline sustainability reporting for PLCs in Malaysia. (2022). Retrieved from https://www.bursamalaysia.com/news-and-announcements/2022/04/carbon-gpt-and-bursa-malaysia-partnership-to-streamline-sustainability-reporting-for-plcs-in-malaysia
[2] University of Southampton. (n.d.). Retrieved from https://www.southampton.ac.uk/
The founders of Carbon GPT, Dr. Matthew Wong and Dr. Ivan Ling, have developed an AI-Sustainability Reporting tool to help businesses address their sustainability reporting problems [1]. This tool, integrated into Bursa Malaysia's CSI Platform, aims to streamline sustainability reporting for Public Listed Companies (PLCs) in Malaysia, enabling easier adherence to disclosure requirements and improving ESG rating alignment [1]. Research conducted at the University of Southampton, where Dr. Ivan Ling was a member, supports the development of startups, including Carbon GPT [2]. In the realm of environmental science, this partnership signifies a significant step towards enhancing sustainability disclosures within the business and technology sectors in Malaysia.
