Climate Governance Malaysia: A Year of Global Engagement and Operational Growth in 2024

In 2024, Climate Governance Malaysia (CGM) saw a significant rise in participants for its National Climate Governance Summit (NCGS) flagship event – which expanded to include the inaugural International Advisory Panel (IAP) Summit. In addition, CGM successfully delivered a 6-part Director’s Masterclass series and hosted four impactful webinars, including the 9-day COP29 Parallel Program, the Beyond COP Webinar with PwC, and a Nuclear Energy Series. These initiatives have sparked increased awareness and elevated discourse on climate governance across sectors.

Financially, CGM achieved robust growth, with income rising to RM618,973—a 15% increase from RM538,588 in 2023. Notably, all income was derived from corporate and event sponsorships. The rise was primarily driven by a substantial increase in income from speaking engagements.

Gross profit improved significantly, climbing from RM267,627 in 2023 to RM381,445 in 2024, marking a 43% year-on-year increase. This was supported by a reduction in direct costs, which fell from RM270,961 in 2023 to RM237,528 in 2024.

CGM recorded a total comprehensive surplus of RM34,307, up from RM30,180 in the previous year. Administrative and general expenses rose to RM369,783 in 2024 from RM203,479 in 2023, reflecting CGM’s investment in operational expansion.

The largest recurring expense category was staff costs, with six staff employed during 2024. Payroll expenses for the year amounted to RM203,619, with 4 interns funded for four months through Khazanah’s K-Youth program.

Technology costs remained minimal at approximately RM13,400 per annum, covering essential digital tools such as Wix, Zoom, and MailChimp. Event-related costs were largely one-off in nature, including categories such as venue rental, speaker fees, logistics, and marketing.

CGM ended the year with a strengthened cash position of RM201,014, up from RM82,752 in 2023. Moving into the new year, CGM is poised to sharpen its focus on promoting renewable energy, shaping resilient climate policies, and empowering communities to help steer Malaysia toward a more sustainable and climate-resilient future. Click here to view the 2024 Annual Financial Statement.