KUALA LUMPUR, Oct 31 – Top Swedish firms that have been investing in Malaysia’s industrial development since the nation achieved its independence are lending their expertise in the country’s green economy transition by focusing on the sustainability agenda.
This collaboration aligns with both nations’ commitment to environmental protection, forming the core for enhanced trade and investment linkages between both countries, said Sweden’s Ambassador to Malaysia, Niklas Wiberg.
Wiberg noted that Malaysia’s policy shift toward a green economy is expected to attract more foreign investors, especially Swedish firms with expertise in renewable energy (RE) and circular economy practices.
He highlighted significant contributions by Swedish firms in Malaysia toward RE and innovative solutions, adding that sectors like green energy and telecommunications offer further opportunities for Swedish investment in sustainable practices.
“Swedish companies drive the grid transition here in Malaysia through RE and energy innovations, and promoting circular economy practices in a very clear way,” he told Bernama in an exclusive interview following his posting about two months ago.
Wiberg officially began his tenure as Sweden’s Ambassador to Malaysia on Aug 15, 2024, succeeding Dr. Joachim Bergström, and presented his credentials to His Majesty Sultan Ibrahim, King of Malaysia, on Oct 21, 2024.
Wiberg said leading Swedish companies, such as Atlas Copco (energy solutions), Alfa Laval (water and waste treatment), SKF (automotive and industrial engineering), and Sandvik (multinational engineering) have incorporated sustainable practices in their Malaysian operations, with a focus on RE and innovative energy solutions.
Automotive giants Volvo and Scania, which have been operating in Malaysia since 1967, are also focusing on green mobility, producing electric and hybrid vehicles and promoting biofuels.
“Similarly, retail giant IKEA integrates sustainability into its operations, offering energy-efficient products including their renowned furniture using RE,” he said.
Swedish telecommunications leader Ericsson is also making strides, partnering with Digital Nasional Bhd (DNB) to develop Malaysia’s 5G network while prioritising energy efficiency in the telecommunications sector.
“DNB and Ericsson’s collaboration in rolling out one of the world’s best 5G networks in record time is incredibly impressive. I think a lot of governments are looking at the Malaysian model with great interest,” he said.
