In particular, there have been strong commitments from Malaysian financial institutions on sustainability and climate issues, while Malaysian firms have been integrating ESG considerations into their corporate framework.
THE age-old model of capitalism, driven by profits and focus on maximisation of value for shareholders, is transforming to take into account the challenges of climate change and other risks faced by industries.
Under environmental, social and governance (ESG) targets, companies are working towards net zero and carbon neutral status in the next two to three decades, while effecting changes in their capital allocation that will positively impact the environment, people and society.
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