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Chairman Xu Guanju Speaks at the 2025 Energy Asia Conference in Kuala Lumpur
Hosted by PETRONAS, the Energy Asia Conference was held at the Kuala Lumpur Convention Centre from 16 to 18 June. Focusing on the theme ‘Delivering Asia’s Energy Transition’, the conference brought together policymakers, industry leaders, and energy professionals from over 60 countries, calling for bold solutions and collaboration to accelerate Asia’s progress towards a net-zero future.
The conference was officiated by the Honourable Dato’ Seri Anwar Ibrahim, Prime Minister of Malaysia.
Chairman Xu Guanju delivered his speech at the forum session titled ‘China’s Pathway in Delivering Asia and the World’s Energy Transition’. He emphasized that the basis of social progress and economic prosperity is founded upon the effective use of energy. The tides of energy and technological revolution present not only challenges, but valuable opportunities. Asia’s diverse resources offer unique advantages for development. Transforming precious resources into high-value products that serve the advancement of society and human welfare not only presents a more sustainable path for development, but is also a pivotal direction for transforming one of humanity’s scarcest resources: energy.
Transfar is a leading private enterprise in China, specialising in the production of downstream chemicals in the petroleum industry. Founded in 1986 following China’s Reform and Opening-up, the company will celebrate 40 years of commitment to the production and development of functional chemicals and new materials. Using fossil fuels such as petroleum, silicon, and phosphorus, it produces hundreds of product lines, with nearly 20,000 products. Many are used in relatively smaller volumes, ranging from just tens to hundreds of tons every year, but they are an indispensable part of many supply chains. Transfar strives relentlessly for excellence, designing each product to have functional value and unique flair.
Transfar plays a crucial role across a wide range of industrial and supply chains. From serving light industries such as textiles, paper, plastics, and building materials, the company has expanded to support emerging sectors including photovoltaics, solar energy, new energy vehicles, high-speed rail and semiconductors. By leveraging technological innovation, Transfar has achieved exponential growth while becoming a key driver for the transition to new energy.
Chairman Xu affirmed that Chinese companies are unwaveringly dedicated to achieving their dual-carbon goals, honing their core competitive advantage in products, technology, and management through their development journey, with the ultimate goal of contributing to the development of Asia and the world. He shared three key perspectives from Transfar’s practices:
First, technological innovation is the key to energy transformation, especially the innovation of end-use applications, which holds tremendous value. In the past, China grew rapidly through energy, market size, and cost advantages. Today, in addition to a large-scale market, China boasts a sizeable number of innovative enterprises, Transfar being one of them. Transfar prioritizes technological innovation, continuously tackling new technologies in functional chemicals and new materials to enhance energy and product value, and moving up the supply chain. Recent breakthroughs such as rare earth rubber, electronic chemicals, and organic silicon materials, some of which are fully independent and original innovations, have greatly enhanced the added value of the energy and chemical industry.
Second, establishing a zero carbon goal and building a green, low-carbon development model, is key in supporting sustainable development in the industry. Green and low-carbon emissions are a global consensus, a national strategy, and a corporate responsibility. This is especially so in the energy and chemical industries, where a focus on energy structure, low-carbon technology, and industrial innovation, is crucial. Transfar has established integrated solar and storage systems, waste heat power generation, and closed-loop energy systems in creating zero-carbon factories and industrial parks, equipped with full-chain product carbon footprint tracking. Transfar has also pioneered green technologies such as low-temperature bleaching and chlorosilicon recycling, empowering industry-wide carbon emission reduction. At the same time, exploring biomanufacturing transformations has led to significant breakthroughs in new applications such as bio-based additives, biopesticides, and enzyme systems.
Third, a global perspective and open collaboration are tantamount to the endeavour of entering and serving the global market alongside strategic partners. The future is not a zero sum game. Sustainable development requires an open mind and cooperation, including regional strategic coordination and strong alliances between upstream and downstream enterprises. Transfar’s products and services reach more than 100 countries and regions, and we have comprehensively reshaped our global innovation model, working closely with strategic partners, combining China’s refined product technology capabilities with our partners to build global competitiveness. Transfar is actively promoting strategic cooperation with PETRONAS in areas such as rubber materials, organic silicon materials, developing the chemicals and materials industries with the common pursuit of zero-carbon goals and sustainability.
Chairman Xu Guanju also participated in the Energy Asia Global Leadership Executive Forum, gathering global CEOs and executives from the oil and gas, energy and related sectors for closed-door discussions on building a more resilient and sustainable energy system.
Hashtag: #TransfarGroup
The issuer is solely responsible for the content of this announcement.
A Response to a Changing Regulatory Environment
Singapore’s corporate sustainability environment has undergone a major transformation in recent years. What began as voluntary corporate social responsibility is now transitioning into a regulated requirement driven by new disclosure mandates. The Singapore Exchange (SGX) requires all listed companies to publish sustainability reports, with climate-related disclosures to be aligned with the International Sustainability Standards Board (ISSB) framework.
These developments mirror global trends, including the European Union’s Corporate Sustainability Reporting Directive (CSRD) and the proposed climate disclosure rules by the US Securities and Exchange Commission (SEC). Notably, these frameworks are influencing supply chains and investment decisions worldwide.
A Commitment to Rigorous Standards and Responsible Practice
The certification was issued by the Institute of Singapore Chartered Accountants (ISCA) under the Professional Certification in Sustainability Assurance programme, which focuses on the International Standard on Sustainability Assurance (ISSA 5000). The curriculum also covers key frameworks, such as ISAE 3000, ISO 14064-3, and the reporting principles set out by the Sustainability Reporting Advisory Committee (SRAC).
Participants undergo six months of structured e-learning and a three-day capstone assessment module, which includes a comprehensive 65-question examination. The programme integrates the Task Force on Climate-related Financial Disclosures (TCFD), European Sustainability Reporting Standards (ESRS), Global Reporting Initiative (GRI), Carbon Disclosure Project (CDP), the Sustainability Accounting Standards Board (SASB), and other global reporting standards.
“The certification demonstrates our firm’s dedication to professional rigour and to supporting Singapore’s transition toward a sustainable, transparent economy,” as revealed by Ethan Ong, Director of Credo Assurance. “We aim to strengthen stakeholder confidence and enhance the quality of ESG reporting.”
New Sustainability Assurance Services to Support Businesses Across Sectors
Building on this certification, Credo Assurance has launched its sustainability assurance service. The firm will provide assurance on ESG disclosures, assess internal data controls, and advise on alignment with recognised frameworks such as GRI, ISSB, TCFD, and SASB. In addition, the service covers climate audit and reporting, ESG data verification, and training programmes to help companies integrate sustainability practices into daily operations.
Credo Assurance’s new offering aims to support a wide spectrum of organisations, from listed companies preparing for upcoming SGX requirements to SMEs participating in global supply chains. Industries with significant environmental or social footprints, such as energy, construction, manufacturing, transport, and real estate, are expected to benefit most from independent verification. These services also extend to firms seeking ESG-linked financing or those aiming to enhance their brand credibility and investor trust through transparent reporting.
Shaping the Future of ESG Assurance in Singapore
As Singapore moves toward mandatory climate-related disclosures in 2025, ESG assurance is set to become essential in the audit and accounting sector. Independent verification of non-financial information, such as carbon emissions, labour practices, or governance metrics, helps ensure sustainability reports present accountable and measurable performance.
“ESG assurance is the next evolution of trust in business reporting,” said Mr Ong. “It applies the principles of audit integrity to sustainability, enabling companies to demonstrate both their financial performance and their broader responsibility to society and the environment.”
Hashtag: #CredoAssurance #AccountingFirmSingapore #ESGAssurance
https://credo.sg/
https://www.linkedin.com/company/credo-assurance-llp
The issuer is solely responsible for the content of this announcement.
About Credo Assurance
Credo Assurance LLP is an ACRA-registered public accounting firm in Singapore. They provide audit, accounting, and advisory services to both businesses and individuals, helping clients navigate complex regulatory requirements and economic challenges.
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Understanding Credit Exemptions at SIM: A Guide for Polytechnic and SIM GE Diploma Graduates
Understanding Credit Exemptions
Credit exemptions enable students to receive recognition for modules previously completed during prior studies. This eliminates the need to repeat similar content, allowing eligible students to focus on new areas of learning. This practice, widely adopted in higher education, ensures students build upon existing knowledge while meeting the academic standards of their chosen degree programme.
Eligibility and Assessment
Credit exemptions at SIM GE are not granted automatically. Each application undergoes a rigorous evaluation to maintain academic integrity. The assessment considers several factors, including the relevance of previous qualifications to the chosen degree, the level and content of prior modules compared to the programme requirements, and the accreditation and recognition of the awarding institution. Through these measures, SIM GE ensures flexibility for students with diverse educational backgrounds while upholding academic excellence.
Types of Exemptions Available
SIM offers several pathways for credit exemptions, depending on prior qualifications and programme requirements. Holders of relevant Polytechnic or equivalent diplomas may receive exemptions that can reduce the overall study duration by up to one year, subject to programme-specific criteria and GPA requirements. Students who have completed SIM GE diplomas or other recognized qualifications may be eligible for advanced standing when enrolling in selected partner university programmes offered through SIM Global Education. For applicants with qualifications outside standard frameworks, exemptions are assessed individually on a case-by-case basis to ensure alignment with academic standards and programme requirements.
Key Information for Applicants
Credit exemptions are designed to acknowledge prior learning while ensuring that all students meet the academic standards of their chosen programme. They are not guaranteed and vary based on factors such as the relevance of previous qualifications, programme requirements, and institutional recognition. Applicants are encouraged to review the specific exemption policies for their intended programme and seek guidance from SIM Counsellors to understand their options.
References:
- SIM GE University Partners – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/university-partners-sim-ge
Hashtag: #SIMGlobalEducation #SIMGE #GlobalEducation #InternationalDegree #CareerReady #FutureSkills
The issuer is solely responsible for the content of this announcement.
About SIM Global Education
SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 16,000 full- and part-time students and adult learners, of which approximately 36% are international students hailing from over 50 countries.
SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.
For more information on SIM Global Education, visit sim.edu.sg
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30 Million Strong: China Changan Automobile Group Hits Historic Production Milestone, Ushering in New Era of User-Centric, Tech-Driven Global Growth
“Changan remains committed to delivering smarter, greener, and more fulfilling mobility, meeting the aspirations of global users for a better future.” said Zhu Huarong, Chairman of China Changan Automobile Group.
Uncompromising Safety: The “Safe Journey Home”
Safety is Changan’s top priority, a commitment dating back to 1999 with China’s first minivan crash test. Since then, the company has advanced its protective capabilities from passive safety structures to today’s active safety interventions. Backed by the industry’s only State Key Laboratory of Intelligent Vehicle Safety Technology, Changan uses its proprietary CA-ITVS verification system to subject vehicles to over 5 million kilometers of testing—guaranteeing a lifespan of 10 years or 260,000 kilometers.
In the smart era, Changan is redefining protection with its newly launched “SDA Intelligence”. Moving beyond physical defense, SDA Intelligence introduces a holistic safety ecosystem that secures both passengers and their data, ensuring a “Safe Journey Home” in every dimension.
Tech-Driven: Innovations That Matter
Driven by its Green and Intelligent strategies, Changan is bringing tangible innovations to market. The Green Plan targets electrification, battery safety, and new energy vehicle ecosystems, while the Intelligent Plan advances vehicle intelligence, autonomous systems, and connectivity. Key breakthroughs include the Golden Shield Battery system for superior safety, and the high-frequency pulse heating for cold-weather efficiency. The BlueCore 3.0 powertrain delivers hybrid and ICE solutions, balancing high performance with exceptional fuel economy. These technologies ensure that every journey is efficient and reliable.
A Bold Future: Smart Mobility and Global Reach
Looking ahead to 2030, Changan has unveiled a visionary roadmap to rank among the world’s top 10 automotive brands with annual sales of 5 million units. By 2030, Changan expects over 60% of sales to be new energy vehicles and 30% to come from overseas markets, solidifying its place on the world stage.
The issuer is solely responsible for the content of this announcement.
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