ESG compliance crucial for MSMEs

On a green mission: (from left) Chow, Abu Bakar, Suksuwan and Masigan at the event.

KUALA LUMPUR: As Malaysia targets to improve the share of micro, small and medium enterprises (MSMEs) in the country’s export market, it would be crucial for these companies to toe the environmental, social and governance (ESG) line.

That is the view of Abu Bakar Yusof, deputy chief executive at the Malaysia External Trade Development Corp (Matrade), who revealed that the government intends to increase the share of SMEs in the export market to 15% next year, and to 30% in 2030.