Professor Muliaman D. Hadad, Chairman of Impac+ (middle left) shaking hands with Arshad Mohamed Ismail, Group Chief Executive Officer of Malaysian Rating Corporation Berhad (MARC)(middle right) at the MoC signing ceremony in Jakarta. They are flanked by team members from the two organisations.

Malaysian Rating Corporation Berhad (MARC) and Impac+, an Indonesian-based sustainability consultancy, have signed a Memorandum of Collaboration (MoC) to formalise their alliance in Environmental, Social, and Governance (ESG) advisory and sustainable finance solutions. The official signing ceremony, held in Jakarta on October 18, 2024, marks a pivotal step towards strengthening sustainability initiatives in Indonesia and reflects the growing demand for innovative and localised sustainable finance solutions in the region.

Under the terms of the MoC, both MARC and Impac+ will jointly explore and implement initiatives aimed at addressing the evolving needs of the Indonesian ESG/sustainability landscape. The collaboration will specifically focus on offering bespoke consulting services, and upskilling initiatives designed to empower businesses and industries to better integrate ESG and sustainable financing principles into their operational frameworks.

Arshad Mohamed Ismail, Group Chief Executive Officer of MARC, shared his enthusiasm for the collaboration with Impac+. "We are pleased to partner with Impac+ in this strategic initiative to advance sustainable finance solutions for Indonesia,” he said. “As the region experiences significant economic and environmental shifts, the demand for ESG-related solutions has grown exponentially. Through this collaboration, MARC aims to contribute to a holistic sustainability landscape by sharing our expertise in ESG assessments and advisory services. Together with Impac+, we look forward to fostering meaningful discourse that supports long-term sustainable growth." He also noted, "Indonesia is a key market for sustainability-driven growth, and we are confident that our combined efforts with Impac+ will yield innovative solutions to address the region’s unique sustainability challenges. This partnership is a testament to our shared vision of promoting sustainability best practices across the region and beyond."

Rizky Wisnoentoro, Chief Executive Officer of Impac+, had similar sentiments about the significance of the collaboration in addressing Indonesia’s unique sustainability challenges. He stated, "This partnership with MARC marks a major milestone for Impac+ as we continue to work towards pioneering ESG and sustainability solutions across Indonesia. MARC’s expertise and reputation in credit rating and the ESG space align with our goals of driving impactful change at the local level. By combining our resources, we will not only address immediate gaps in ESG and sustainability, but also create impactful solutions that provide industries in Indonesia with an equitable transition towards better sustainability practices." He further emphasised, "At Impac+, we have always believed that sustainability is the key to long-term economic and environmental prosperity. This partnership with MARC allows us to extend our reach and expand our capabilities, enabling us to better serve and align the needs of the Indonesian market with the region."

This collaboration reflects MARC’s continued commitment to expanding its footprint in the regional ESG and sustainability space. With the growing emphasis on sustainable finance and responsible investment, MARC is well-positioned to support the development of a holistic ESG ecosystem in the region through other similar strategic partnerships and collaborations.