Eco Thinkers’ Post

Did you know that the adoption of ESG principles is rapidly gaining momentum within Malaysia's corporate sector? With increasing global emphasis on sustainability, businesses in Malaysia are proactively integrating ESG into their core strategies—not only to secure long-term resilience but also to attract diverse investments locally and globally. #ESG #Sustainability #CorporateResponsibility #ESGAdoption #SustainableGrowth

On 5 September 2024, Capital Markets Malaysia (CMM) and The Asia Foundation (TAF) hosted a discussion with regional ESG consultants on understanding the feasibility and benefits of utilisation of CMM's Simplified ESG Disclosure Guide (SEDGs) for ASEAN to promote uniform ESG disclosure practices across the region and to speak as one unified voice on ASEAN ESG matters. It was a real treat to have like-minded subject matter experts, representing Malaysia, Singapore, the Philippines, Thailand, Indonesia and Vietnam deep dive into the SEDG's ESG disclosures and evaluate the similarities and differences in reporting practices across ASEAN. Malaysia's leadership at ASEAN next year will offer an opportunity to share best practices in ESG reporting for SMEs, given the leadership it has already shown in supporting our SMEs ESG adoption journey. We are immensely grateful to the Asia Foundation and our panel of experts for the robust, honest and fruitful discussions. Navina Balasingam (CMM), Robin Bush, Marisa Razeek, Nguyen Tri Thanh (TAF), Margie Ong (Thoughts In Gear (TIG)), Dedy Mahardika (IFC - International Finance Corporation), Dr Allinnettes Adigue (Global Reporting Initiative (GRI)), Yulia Dobrolyubova (ERM), Long Viet Nguyen (EY), Maurice Wee (UNDP Financial Centres for Sustainability (FC4S)) Securities Commission Malaysia #esgreporting #disclosures #esg #smes #sustainability #corporatesustainability #asean #harmonisation

Embracing ESG for a Sustainable Future In today’s global market, particularly in Malaysia, adopting Environmental, Social, and Governance (ESG) principles is crucial for businesses to remain competitive. With the green economy now valued at over $13 trillion, consumer demand for sustainable practices is rising fast. In Malaysia, both government policies and consumer expectations are increasingly pushing companies to prioritize their impact on people and the planet. Beyond profits, businesses must embed ESG into their operations to meet these evolving expectations and secure their place in the sustainable economy. 🌍 At Forest Wood Energy, we understand the importance of integrating ESG into our operations, ensuring that sustainability isn’t just a goal but a core value. 🌿 The green economy is booming, and businesses embracing ESG will lead the way to a more sustainable and resilient future. Is your company ready to adapt to this shift? #ESG #Sustainability #GreenEconomy #ForestWoodEnergy #CorporateResponsibility #SustainableBusiness #Malaysia #EnvironmentalImpact #SocialGovernance #SustainableFuture

It's encouraging to see that 95% of Malaysian companies have prioritised sustainability, according to Digital News Asia report [https://lnkd.in/gTekQvhC]. But here's the thing – many businesses seem to be struggling with turning those ESG goals into reality. 🤔 Let's dive into why that is and explore ways to get things moving. Key Points 👇 : 1. The Implementation Gap: The report also shows that about half of Malaysian companies still need to iron out detailed plans for achieving their ESG targets. 2. Challenges vs. Potential: Sure, there are obstacles like figuring out the ROI, finding the right expertise, and keeping up with changing regulations. However, Malaysia has all the potential to become an ESG leader, as discussed in a ISEAS - Yusof Ishak Institute (ISEAS) [https://lnkd.in/guN75NPM]. Having a clear framework makes all the difference. That's where the Simplified ESG Disclosure Guide (SEDG) [https://lnkd.in/gFmQEzWy] comes in – a great starting point, especially for SMEs in supply chains. And even if you're not in a supply chain, the principles in the guide can still be super helpful. SMEs, listen up! You often have the advantage of being more flexible when it comes to ESG. Here's where to start: 1. Energy Audits: Cut those energy bills and your carbon footprint at the same time. 2. Responsible Sourcing: Team up with suppliers who share your commitment to sustainability. 3. Community Engagement: Make a positive impact where you operate – think of local initiatives or volunteering. Where does your company stand on its ESG journey? 🤔 #sustainability #esg #souteastasia #gogreen #supplychain

🌍 Thrilled to see The Edge Malaysia's ESG Awards return for a third year in collaboration with Bursa Malaysia! I’m grateful to be part of the Index & Sustainable Business team, led by Chiun Chiek Wong and Hui Yin Wong, supporting the process where FTSE Russell independently provides ESG scores for public listed companies (PLCs) using the FTSE4Good methodology. This year, eligibility has expanded beyond the EMAS index, opening up the awards to a wider universe of companies. This shift promotes inclusivity, allowing more companies to gain recognition and learn from each other’s best practices in sustainability. As Bursa Malaysia’s CEO Datuk Umar noted, this expansion not only “levels the playing field” but also supports companies in staying relevant and competitive on a global scale. This initiative accelerates the ESG journey for Malaysian companies, positioning them as strong partners in global supply chains and empowering them with the insights they need to drive impactful, sustainable change. Excited to see how these efforts continue to strengthen Malaysia’s competitive edge! 🌟 For more information, refer to this website: [https://lnkd.in/g86iv-pz] #Sustainability #ESG #FTSE4Good #BursaMalaysia #TheEdgeESGAwards

While ESG (Environmental, Social, and Governance) considerations have been gaining traction in Malaysia, only 18% of the total companies on the ACE Market have received ESG scores. According to Bursa Malaysia, companies with larger market capitalisations tend to receive more ESG coverage from the four major rating firms: MSCI, S&P Global, Bloomberg, and Sustainalytics. Surprisingly, out of 181 companies on the ACE Market, only two have been assigned ESG scores by these rating agencies. This has raised concerns among investors about the transparency and consistency of the rating methodologies. While investors are increasingly favouring firms with higher ESG scores, Bursa Malaysia has emphasised that ESG rating agencies need to adopt a more proactive approach, rather than relying solely on public disclosures. #PEGH #sustainable #ESG #investing #investments #sustainability #BursaMalaysia Source: https://lnkd.in/gPRRMRbb

🌱 The Importance of ESG Reporting for Malaysian Firms 🌱 In today’s business environment, Environmental, Social, and Governance (ESG) reporting is no longer optional—it is a strategic necessity. With initiatives like the ASEAN-Interconnected Sustainability Ecosystem (ASEAN-ISE 🇲🇾 🇸🇬 🇹🇭 🇮🇩 🇵🇭 ) moving forward, the spotlight is on creating a centralized ESG data infrastructure that promotes transparency, standardization, and sustainable investment across the region. ✳️ For Malaysian firms, this presents both a challenge and an opportunity. ESG reporting is crucial for several reasons: 1️⃣ Attracting Global Investors: Investors are increasingly prioritizing ESG-compliant companies. Strong ESG reporting can make Malaysian firms more attractive on the global stage. 2️⃣ Enhancing Competitiveness: With a unified ASEAN ESG framework, Malaysian firms will be benchmarked against regional peers. Robust ESG practices will differentiate companies in a competitive market. 3️⃣ Compliance with Emerging Regulations: Initiatives like ASEAN-ISE are paving the way for standardized ESG data collection and reporting. Firms that align with these requirements early will be ahead of the curve. 4️⃣ Driving Sustainable Growth: ESG reporting isn’t just about compliance; it’s about creating long-term value, fostering innovation, and contributing to sustainable development goals. ✅ However, ESG reporting comes with its own set of challenges. Smaller firms, in particular, may need to invest in new systems, processes, and expertise to meet these growing demands. But the benefits far outweigh the costs—from increased market access to enhanced brand reputation. ‼️ I urge Malaysian companies to start prioritizing ESG practices and reporting now. The future belongs to those who align their operations with sustainability and transparency. ♻️ Let’s work together to position Malaysia as a leader in the sustainable economy within ASEAN and beyond. #ESG #Sustainability #MalaysianBusiness #ASEAN #Leadership #CorporateResponsibility #TaylorsUniversity #GRI

If I have seen further than others, it is by standing upon the shoulders of giants. 🌲 Investors are increasingly prioritising companies with strong environmental, social and governance (ESG) practices. However, Malaysia is still in the early phase of the ESG movement. How can Malaysian companies learn from the giants and implement effective ESG strategies? Let’s explore how they do! #ESG #Malaysia #Sustainability

While ESG (Environmental, Social, and Governance) considerations have been gaining traction in Malaysia, only 18% of the total companies on the ACE Market have received ESG scores. According to Bursa Malaysia, companies with larger market capitalisations tend to receive more ESG coverage from the four major rating firms: MSCI, S&P Global, Bloomberg, and Sustainalytics. Surprisingly, out of 181 companies on the ACE Market, only two have been assigned ESG scores by these rating agencies. This has raised concerns among investors about the transparency and consistency of the rating methodologies. While investors are increasingly favouring firms with higher ESG scores, Bursa Malaysia has emphasised that ESG rating agencies need to adopt a more proactive approach, rather than relying solely on public disclosures. #PEGH #sustainable #ESG #investing #investments #sustainability #BursaMalaysia Source: https://lnkd.in/gFRcg8jB

📢 Attention Malaysian Companies The Sustainable Development Goals (SDGs) aren’t just global benchmarks—they’re strategic advantages for businesses. 🌱 Discover how Malaysian companies can: ✅ Align with national sustainability policies. ✅ Strengthen investor confidence and stakeholder trust. ✅ Position themselves competitively in a sustainability-focused market. Our latest article explores practical, actionable steps to integrate SDG principles into your operations. Let’s shape a sustainable future while boosting resilience and reputation. 📖 Read more: https://buff.ly/4g1FlXb Let’s build a sustainable future together! #SustainabilityGoals #SDGs #Malaysia #CorporateSustainability #EliteAsia "