Offsetting the higher cost of ESG

According to Sunway University professor of Economics Dr Yeah Kim Leng, (pic) while profits remain a primary focus from an individual firm’s perspective, it is no longer tenable to ignore the social and environmental costs.

PETALING JAYA: While environmental, social and governance (ESG) concerns are likely to raise business and start-up costs, such higher costs should be offset by higher demand for sustainable products as well as reduced ESG risks.

According to Sunway University professor of Economics Dr Yeah Kim Leng, (pic) while profits remain a primary focus from an individual firm’s perspective, it is no longer tenable to ignore the social and environmental costs.