Commemorating Earth Day (22 April) BidMyAsset, an online marketplace focused on the second-life of assets within the industrial and manufacturing sector is adding emphasis on Environmental, Social, and Governance (ESG). This, as it looks to revolutionise the sector, introduces an entire ecosystem designed to amplify sustainability multiple-fold.
The ecosystem looks to integrate asset appraisal, comprehensive data analysis, on-site assessments, and online sales of the assets. It also includes all logistical arrangements for the transfer of the assets with in-depth evaluation and tracking of carbon footprint metrics for the equipment and assets.
This initiative particularly resonates with increased commitments across the globe to reduce carbon emissions, especially as the manufacturing and production sector accounts for one-fifth of global carbon emissions. The endeavour also further aligns with the 12th Malaysia Plan – as the nation aims towards carbon neutrality by 2050.
“With nearly two decades of experience, we have been at the forefront of revolutionising the asset disposal process. It is our core tenants of efficiency, integrity, and value that guide us in our mission to be the premier asset disposal management company in Asia,” shared Jeevan Muniandy, the Co-Founder of BidMyAsset.
“We now find ourselves in a position of immense responsibility with the power to meaningfully impact one of the most important sectors’ sustainability. This Earth Day, it is only fitting that we take this opportunity to solidify our intentions – to do our part in propelling Malaysia and the world towards a more sustainable future,” Jeevan continued.
Thus far, the organisation estimates that it has played a hand in reducing carbon emissions within the sector by close to 10 metric tonnes through the repurposing and usage of numerous industrial equipment and assets over the past 19 years. With ambitious plans to expand its core services and market reach, BidMyAsset aims to, directly and indirectly, contribute to a further carbon emissions reduction of 200,000 metric tonnes by 2030.
Specialising in asset appraisal, BidMyAsset utilises innovative approaches and partnerships to maximise asset value while minimising environmental impact, distinguishing it as a leader in sustainability-focused asset disposal solutions.
Amongst the services the organisation provides are carbon footprint analysis and life cycle assessments – both critical tools in the ESG field to better quantify and understand environmental impact.
“We believe that the data gained, coupled with our transparent and efficient services, will provide operators and owners an indispensable advantage, greatly improving their sustainability efforts. FEquipped with this information, businesses can optimise processes and make informed decisions to enhance sustainability – both to their individual benefits as well as the collective benefit of the nation and on a global level,” Jeevan added.
Built on years of experience, BidMyAsset has facilitated transparent, efficient, and fair asset transactions, serving as a bridge between buyers and sellers worldwide. This includes brands such as Ann Joo Berhad, Panasonic Appliance and Kobelco Material & Copper Tube Sdn Bhd (KMCT) across markets such as Malaysia, Brunei, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand and more.
With a focus on maximising client returns and maintaining fairness, BidMyAsset collaborates closely with clients and partners to achieve mutually beneficial outcomes. By leveraging their extensive network and expertise, they help stakeholders recover non-performing surplus inventory, optimise capital gains, and meet their sustainability goals.
This new pledge to sustainability is reflected in BidMyAsset’s recent transition to the colour blue in its logo – reaffirming its commitment to the principles of professionalism, trustworthiness, and commitment to sustainability. As BidMyAsset embarks on this transformative journey, the brand plans to grow its portfolio of services and reach across markets with plans in the pipeline to venture into Vietnam and India in the coming years.
