HomeGrantDomestic Investment Accelerator Fund (DIAF) – ESG Adoption

Domestic Investment Accelerator Fund (DIAF) – ESG Adoption

Domestic Investment Accelerator Fund (DIAF) – ESG Adoption

Accelerating ESG adoption for Malaysian SMEs and Mid-Tier Companies through financial support and sustainable practices.

🔍 Quick Snapshot

  • Provider: Malaysian Investment Development Authority (MIDA)
  • Opportunity Type: Matching Grant for ESG Adoption
  • Application Opens: April 24, 2024
  • Funding: Maximum RM500,000 per company
  • Eligibility: Malaysian-owned SMEs and MTCs with at least 51% equity ownership
  • Project Duration: Up to 12 months

🌍 About the Program

The Domestic Investment Accelerator Fund (DIAF) – ESG Adoption is a government-backed initiative by MIDA to encourage Malaysian SMEs and Mid-Tier Companies to adopt Environmental, Social, and Governance (ESG) principles. The fund provides financial assistance for ESG validation, certification, disclosure processes, and the adoption of ESG tracking technologies, enabling businesses to align with global sustainability standards.

✅ Eligibility Criteria

  • Incorporated under the Companies Act, 2016.
  • Minimum 51% Malaysian equity ownership.
  • Valid business license from the respective local authority.
  • Engaged in eligible manufacturing or services sectors, such as:
    • Manufacturing
    • Hotel and Tourism
    • Private Healthcare
    • Green Technology Projects
    • Digital Infrastructure
  • Operational for at least 3 years.
  • Not affiliated with Public Listed Companies, Multinational Corporations (MNCs), or Government-Linked Companies (GLCs).

🎁 Program Benefits

  • Financial support of up to RM500,000 per company.
  • Matching grant for ESG validation, certification, and disclosures.
  • Support for first-year subscription to ESG tracking systems or software.
  • Enhanced competitiveness and alignment with global ESG standards.
  • Improved access to ESG-mandated funding from financial institutions.

📝 How to Apply

  1. Conduct an ESG self-assessment via https://sustainability.mida.gov.my.
  2. Engage certified service providers/vendors for ESG-related services.
  3. Prepare required documents, including:
    • ESG self-assessment report
    • Quotations for validation, certification, and software subscriptions
    • Audited financial statements (last 3 years)
    • Company profile and licenses
  4. Submit the application online via https://investmalaysia.mida.gov.my.
  5. Pay a processing fee of RM3,000.
  6. Upon approval, sign the grant agreement within 30 working days.
  7. Redo the ESG self-assessment post-project and submit the final report for grant disbursement.

📅 Program Timeline

  • Application Opens: April 24, 2024
  • Project Duration: 12 months from the date of the Acknowledgement Letter
  • Grant Disbursement: Upon approval of final project reports

🚀 Ready to Integrate ESG Practices?

Apply now for the DIAF – ESG Adoption grant and take your business to the next level of sustainability.

Apply Now

Questions? Contact MIDA at contact@mida.gov.my or call +603-2267 3633.

Curated by the Malaysian Investment Development Authority (MIDA) – fostering sustainability and industrial growth in Malaysia.

Source: Domestic Investment Accelerator Fund (DIAF)

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