Taking climate risk seriously


THE war against climate change has escalated in recent years, with all eyes firmly set on defusing its far-reaching impacts before we hit the point of no return – especially with the United Nations Intergovernmental Panel on Climate Change stating that greenhouse gas (GHG) emissions need to peak before 2025 to limit global warming to around 1.5°C, as per the Paris Agreement.

According to a PwC report released in April this year, titled Positioning Corporate Malaysia for a Sustainable Future, although Malaysia is already ahead in Asean and second only to Singapore in its environmental, social and governance (ESG) journey, there is room for improvement when compared to developed Asian nations.

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