Green Practices Guideline for Forest Operation

3.1 INDICATOR ALIGNMENT In this section, a framework is introduced to help industries in recognising various certificates, recognitions, and benefits that exist within Malaysia. Using this framework, the forest operation sector can refer to the specific guidelines and best practices that support the application of green practices in the industry. Forest Operation sector can also refer to the indicators that align with the various existing initiatives. EXISTING INITIATIVES AGENCY/ INSTITUTIONS REFERENCE DESCRIPTION CRITERIA FOR ASSESSMENT GREEN PRACTICES INDICATOR BENEFITS REFERENCE (SCAN FOR LINK) GREEN INVESTMENT TAX ALLOWANCE (GITA) MIDA Incentives or companies that undertake Green Technology projects involving capital investments. Renewable Energy (RE); Energy Efficiency (EE); Green Building; Green Data Centre; Integrated Waste Management Tax allowance GREEN INCOME TAX EXEMPTION (GITE) MIDA Incentives for companies that carry out services that support the implementation and operation of Green Technology projects. Renewable Energy (RE); Energy Efficiency (EE); Green Building; Green Data Centre; Green Certification and Verification; Green Township; Electrical Vehicle Tax exemption MyHIJAU MARK MGTC A government initiative to promote the sourcing and purchasing of green products and services in Malaysia. Existing Green Label Certification or Performance Standard Compliance report from an independent certification body that meets the minimum standards recognised by MGTC Eligibility for Government Green Procurement (GGP), Green Private Purchasing (GPP), and may be eligible for GITA or GITE ECO- LABELLING SCHEME SIRIM This labelling gives eco-friendly products a competitive advantage over similar products. Compliance with product standards or specifications and the relevant eco-labelling criteria, as well as relevant provisions in the Environmental Quality Act Boost acceptance of products in international “green markets” that favour green products with a premium price 47 GREEN PRACTICES GUIDELINE FOR FOREST OPERATION