Samenta to help SMEs meet ESG challenges

THE Small and Medium Enterprises Association of Malaysia (Samenta) will continue to help small and medium enterprises (SMEs) to better understand digitalisation, automation and meet environmental, social and governance (ESG) standards.

Its national president, Datuk William Ng, says this is because SMEs face challenges of labour shortage, low productivity, rising costs and compliance issues related to new ESG standards.

“Many SMEs are already aware of the importance of digitalisation but lack the know-how and resources to digitalise effectively. We have been working with various government agencies to help SMEs digitalise and automate effectively, and this year, we will continue to focus on doing so,” he says in a statement in conjunction with the association’s AGM.

Ng says that with more stringent ESG standards and carbon-related policies such as the Carbon Border Adjustment Mechanism, SMEs will need to be able to measure their carbon output and report on their ESG policies to remain competitive. — Bernama