Companies that ignore ESG will be deprived of equity, debt financing

KUALA LUMPUR: Companies that choose to ignore sustainability/environmental, social and governance (ESG) considerations in their business will not be sustainable as they will be deprived of both equity and debt financing to fund their projects.

According to Bursa Malaysia chairman, Tan Sri Abdul Wahid Omar, these companies will have to pay a higher insurance premium to underwrite some of their risks and will have difficulty in recruiting talents to drive their business.