ESG a pressing issue

Maybank IB noted that while national oil company Petronas has underscored its clean energy and low carbon ambitions by targeting to achieve net zero carbon emissions by 2050, the research house however cautioned that this would be no easy task.

PETALING JAYA: Malaysia’s environmental, social and governance (ESG) issues are in need of an urgent and holistic response from the government, regulators, businesses and even consumers if transition-induced economic dislocations are to be mitigated.

With issues such as climate change, human rights and equality, as well as ESG influencing investment habits today, Malaysian companies need to be able to step up to the challenge if they want to be able to compete on the global stage.