FMM calls for RM2bil govt ESG fund to aid MSMEs

“The ESG Fund should not only cater to certain industries, but include all industries that need financing and some government assistance to start implementing their ESG practices right now,' says president Soh Thian Lai. — Bernama

PETALING JAYA: The Federation of Malaysian Manufacturers (FMM) has urged the government to establish a one-stop centre and offer an environmental, social and governance (ESG) fund of up to RM2bil to assist micro, small and medium enterprises (MSMEs) in implementing the ESG initiative.

President Tan Sri Soh Thian Lai said the proposed centre, which should fall under the purview of the Natural Resources, Environment and Climate Change Ministry, would provide an opportunity for MSMEs to obtain affordable financing and resources to kick-start their ESG journey.