PETALING JAYA: Lack of consistency in the classification of environmental, social and governance (ESG) has been a major challenge in the development of the ESG market in the country.
“One of the greatest challenges has always been (a lack of) consistency. There is no one standard classification for ESG,” Hong Leong Investment Bank Bhd head of treasury and markets Chong Poh Choon said during a virtual panel discussion at “MARC Malaysian Bond & Sukuk Conference 2023: Sustainable Transition to a Greener Economy” yesterday.
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