Volvo Trucks and MGTC joins hands to promote green technology

Volvo Trucks and MGTC joins hands to promote green technology

The partnership between Volvo Trucks Malaysia and MGTC establishes a solid foundation for future-proofing the nation’s transportation industry. With this memorandum of understanding (MOU), both companies commit to accelerating the adoption of sustainable energy in commercial vehicles.

Volvo Trucks has extensive experience in leading the way towards electromobility and renewable energy for commercial vehicles, in Malaysia and beyond. With this MoU, Volvo Trucks and MGTC will continue working closely with government agencies to ensure a smooth transition to sustainable transportation.

“All parties must work together to make the sustainability vision a reality. It’s important as industry leaders to push and integrate government support for our customers to take the first leap in adopting green technology.

As truck manufacturers, Volvo Trucks will also play our part to ensure a smooth transition in leading the charge towards sustainability that will benefit the nation by future-proofing its transportation industry,” said Volvo Malaysia Sdn. Bhd. Managing Director, Anthony O’Connell.

Future-proofing the transportation industry

The partnership between Volvo Trucks Malaysia and MGTC establishes a solid foundation for future-proofing the nation’s transportation industry. With this memorandum of understanding (MOU), both companies commit to accelerating the adoption of sustainable energy in commercial vehicles.

Volvo Trucks has extensive experience in leading the way towards electromobility and renewable energy for commercial vehicles, in Malaysia and beyond. With this MoU, Volvo Trucks and MGTC will continue working closely with government agencies to ensure a smooth transition to sustainable transportation.

Net zero GHG emission by 2050

The MGTC is an organization within the Ministry of Natural Resources, Environment and Climate Change that is responsible for promoting green growth, climate action, and sustainable living. We work to empower individuals and communities to take action on climate change and lead more environmentally friendly lifestyles.

“The collaboration proves that more corporate entities are working to move their business strategies in adopting sustainability approaches. MGTC welcomes more companies across all industries in Malaysia to meet and work with us in supporting the circular economy and reap the benefits of tax incentives and investment allowances the government provides to boost its green agenda.” MGTC CEO, Shamsul Bahar Mohd Nor, elaborated.

The Malaysian Green Technology Corporation’s (MGTC) main goal is to achieve Malaysia’s Net-Zero greenhouse gas (GHG) emissions by 2050. This will be done through a 45% reduction of GHG emissions by 2030, increasing GDP value in the green technology sector by RM 100 billion, and generating 230,000 green job opportunities.

“Collaboration with key partners, especially with an established brand such as Volvo, will inspire other companies to embrace sustainability in their business to realise Malaysia’s mission to be a net zero GHG emission nation by 2050” Shamsul Bahar added.

Conclusion

In conclusion, the partnership between Volvo Trucks Malaysia and the Malaysian Green Technology Corporation (MGTC) is a significant step towards future-proofing the nation’s transportation industry by accelerating the adoption of sustainable energy in commercial vehicles. Both companies have a strong commitment to working closely with government agencies to ensure a smooth transition to sustainable transportation.

The MGTC’s main goal is to achieve Malaysia’s Net-Zero greenhouse gas emissions by 2050 and this collaboration with Volvo Trucks will inspire other companies to embrace sustainability in their business practices.

As the transportation industry shifts towards more environmentally friendly options, it’s important to also consider the benefits of utilizing public transportation and carpooling as a way to reduce emissions and improve personal and economic outcomes.