The number of eco-industrial parks (EIPs), a new category of industrial parks that seek to maximize competitiveness while promoting sustainability and resilience, has been growing rapidly across the World. Industrial parks have been used as drivers of industrial growth in more than 140 economies. EIPs represent a new category of parks that adopt measures to enhance their environmental, economic, park management, and social performance, and increasingly their resiliency to natural hazards. With global market trends incentivizing firms to adhere to environmental, social, and governance (ESG) standards, the number of EIPs is rapidly rising, particularly in non-OECD countries. According to the World Bank’s global survey of EIPs in 2021, at least 438 EIPs are currently in operation, with their numbers growing at an annual rate of 5.6 percent.
The workshop organized by the World Bank Group and the Malaysian Ministry of Investment, Trade and Innnovation, aims to discuss the EIP experience in Malaysia and other countries. The objective is to identify stakeholders’ views regarding to development of a National EIP Program for Malaysia. Inputs from the workshop will be considered for the formulation of a white paper for Malaysia on the development of a National EIP Program.