Climate change is real

From deforestation of the Amazon to coral reefs that are either dead or dying, it is human activities that dictate our earth. Dr Niall McCann, an explorer and a biologist, said: “Humans itself has become so populous and so destructive today that it is the single-most influential creature on earth”.

IN the newly updated Malaysian Code of Corporate Governance 2021 (MCCG 2021), the sustainability issue has taken centrestage with the whole of Practice 4.0 being devoted to it. Four sub-paras discuss board responsibility in respect of sustainable strategies, priorities and targets.

Other than climate-related risks and opportunities, the MCCG 2021 also calls for a step-up practice whereby the board identifies a designated person within the management to oversee these issues.