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CBAM, how does it impact your business?
CBAM, how does it impact your business?
The Carbon Border Adjustment Mechanism (CBAM) impacts Malaysian businesses by potentially increasing the cost of exporting carbon-intensive goods to the European Union. As CBAM imposes a carbon price on imports based on their carbon emissions, Malaysian manufacturers and exporters may face higher expenses if their production processes are not environmentally efficient. This encourages local businesses to adopt greener technologies and improve sustainability to remain competitive in the EU market. While it poses challenges, CBAM also offers an opportunity for Malaysian companies to innovate and align with global environmental standards.
We can help you comply with EU legislation
We can help you comply with EU legislation
Use our software
Use our software
Use our CBAM module to start compling the information needed - dont worry about the terminology such as pre-cursors, etc. let us take care of that for you
Follow the format
Follow the format
we will also need access to your source documents and to understand what information has been added
Provide the information
Provide the information
provide the information to your importer or principal in the EU with the information needed in the format required
How can you reduce the cost of such activities
How can you reduce the cost of such activities
The cost of these activities is due to the extraction, compilation and cleaning of information that is presented. Often times, the data is stored in different systems and requires manual extraction which is both timely and costly.
You can reduce the cost of process by using our software platform that will help you streamline and collate the relevant information and enable the process to be automated and updated.
WhatsApp one of our Account Managers
WhatsApp one of our Account Managers
Which industries are impacted ?
Which industries are impacted ?
CBAM (Carbon Border Adjustment Mechanism) impacts the Iron and Steel, Cement, Fertilizer, Hydrogen and Electricity generation. In Malaysia that will be most likely be the first three sectors and their supply chains. This means that if you are exporting to the EU products that generally would be classified within the above three sectors, you are likely to be asked for that information by your buyers.
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