YOU MIGHT NOT KNOW THIS BUT ESG IS HERE TO STAY
ESG, which stands for environmental, social, and governance, is a set of factors that investors and other stakeholders consider when assessing the sustainability and ethical impact of a company. Even though you might not be fully convinced by it or doubtful over the value that it brings, sustainability and ESG is becoming increasingly important for SMEs in Malaysia and they are here to stay.
FACTS YOU NEED TO KNOW:
- Government Support
The Malaysian government is actively promoting ESG practices among SMEs. In 2022, the government launched the Malaysian Sustainable Business Reporting Framework (MSBRF) and has introduced several financial incentives and support programs to encourage SMEs to adopt ESG practices.
- Investor Demand
Due to factors such as the growing awareness of the importance of sustainability and the risks associated with climate change, 81%* of investors are considering ESG factors when making investment decisions and are increasingly demanding that their investments possess strong ESG performance.
- Consumer Demand
A recent study by Nielsen found that at least 66%** of Malaysian consumers are willing to pay more for products and services from companies that are committed to sustainability.
* Deloitte. (2023). Malaysian Investment Management Outlook Report. Deloitte Malaysia.
** Nielsen (2023). Global Corporate Sustainability Report.
Preview of Our ESG Public Trainings
We also conduct public training on ESG this coming November 2023:
1. Sustainability & ESG 101 Workshop (20-21 November 2023)
For more information about the training, you can click the link below:
https://drive.google.com/file/d/1immQZzNKcMBEXNLM_nB5TSCTdWrzf89E/view?pli=1
