RAM Holdings, MVGX Tech Collaboration To Excel ESG Analytics Capabilities By CIOTechOutlook Team

RAM Holdings, MVGX Tech Collaboration To Excel ESG Analytics Capabilities

CIOTechOutlook Team | Tuesday, 19 September 2023, 09:06 IST

RAM Holdings Berhad, the holding company of Malaysia's and Southeast Asia's top and largest credit rating agency, has formed a business agreement with MVGX Tech and Carbon Rating Malaysia Sdn Bhd to boost RAM's ESG rating capabilities. MVGX is a leading carbon Software-as-a-Service provider that has created best-in-class carbon solutions that enable enterprises, governments, and institutions to act at every stage of their decarbonization journey. CRM is a management services firm that specializes in carbon management services and client solutions.

In the collaboration, RAM will incorporate MVGX's Decarbonisation Rating System into its sustainability services offerings, with customisations to suit local needs. CRM and RAM will jointly work together for the marketing and support for users of the solution, as per MVGX.

RAM's new online decarbonisation rating system will allow businesses to quantify their carbon emissions for Scope 1, 2, and 3, as well as efficiently strategize their decarbonisation journey. RAM's decarbonisation rating system is based on MVGX's proprietary methodology, which was developed in collaboration with TÜV SÜD, a prominent ISO certification agency. Companies will be objectively graded based on emission measurements as well as other dimensions, and will be assigned a ranking as well as a complete rating report, which will be confirmed by TÜV SÜD.

MVGX's Decarbonisation Rating System ensures that enterprises' disclosures are of ISO quality and have been validated by globally recognized sustainability standards suppliers such as the British Standards Institution ("BSI") and TÜV-SÜD. The Decarbonisation Rating System is a key component of MVGX's Carbon Connect package, a comprehensive, end-to-end package of products and services designed to help enterprises and institutions navigate their decarbonisation journeys. The Carbon Connect Suite is built on a complete architecture that is founded on the principles of Define, Measure, Mitigate, Offset, Certify, and Finance.