Kuala Lumpur: Artificial intelligence (AI) will be crucial in helping Malaysian businesses meet energy efficiency targets and transition towards a low-carbon future, particularly under the newly-enforced Energy Efficiency and Conservation Act (EECA).
According to BERNAMA News Agency, Pantas chief operating officer and co-founder Nurul Syaheedah Jes Izman emphasized that AI-based tools are necessary to overcome rising operational costs and data chaos in sustainability reporting, especially as businesses prepare to meet tightening environmental, social and governance (ESG) and carbon disclosure requirements. She highlighted that the EECA serves as a timely wake-up call for companies to rethink their energy use not just in buildings but across operations.
Nurul Syaheedah likened the EECA to having a serious financial advisor, urging companies to examine their energy expenditures. She noted that energy audits are the first step, revealing inefficiencies like outdated machinery or air conditioning systems operating unnecessarily overnight. She shared these insights during her appearance on Bernama TV's 'The Nation' programme titled Malaysia's Role in the Green Transition.
Pantas, an AI platform for managing carbon emissions and ESG reporting, is actively involved in these efforts. Nurul Syaheedah pointed out that while large corporations are required to appoint registered energy managers, small and medium enterprises (SMEs) can start with straightforward measures such as switching to light-emitting diode (LED) lighting or adopting energy-saving habits. However, cost remains a significant barrier.
She cited that switching to an energy-efficient heating, ventilation, and air-conditioning (HVAC) system for a medium-sized mall could entail an upfront cost of up to RM16 million, which deters adoption. To address this challenge, Pantas has introduced an energy AI platform that integrates with existing building management systems. This tool leverages predictive optimisation to reduce HVAC usage based on building occupancy and usage patterns, potentially cutting energy consumption by up to 40 percent.
Earlier in the programme, Nurul Syaheedah stressed the importance of proper data management for ESG reporting, which extends beyond operational savings. She explained that before reporting, measurement is essential. For large companies operating across multiple countries and business units, this involves managing millions of fragmented data points. Many companies still rely on manual inputs and handwritten logs, but automation can centralize data collection and enhance accuracy.
She noted that by 2027, Malaysian companies will require third-party assurance for ESG data, making it crucial to establish the right systems now. On the ASEAN-level ambitions, she commended Malaysia's leadership in green initiatives like the ASEAN Power Grid and Bank Negara's Greening Value Chain (GVC) programme, in which Pantas is a key partner.
Nurul Syaheedah emphasized the significance of multi-stakeholder collaboration involving government, financial institutions, and private players. She warned that failing to take these initiatives seriously could result in being excluded from the global supply chain due to non-compliance with ESG regulations.
Looking ahead, Nurul Syaheedah revealed that Pantas aims to become the operating system for businesses transitioning to net-zero carbon. 'Our goal is to help large companies decarbonise and create measurable impact. As Malaysia chairs ASEAN this year, we have a real opportunity to lead the region in climate tech innovation,' she added.