The ESG awakening: why Malaysian SMEs are rushing to catch up


The launching of ESG 2.0 report at Monash University Malaysia, Subang Jaya with (from left) MGTC GreenTech Ideaslab chief executive officer Elina Jani, Monash University Malaysia president and pro vice-chancellor Prof Emeritus Datuk Dr Adeeba Kamarulzaman, Alliance Bank group chief executive officer Kellee Kam, Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad, UN Global Compact Network Malaysia and Brunei executive director Faroze Nadar, Zurich Malaysia country chief executive officer Junior Cho, SME Corporation Malaysia chief executive officer Rizal Nainy and INCEIF University deputy president research Dr Marjan Muhammad.

In recent years, the global urgency to combat climate change and environmental degradation has spurred regulators around the world to tighten climate-related policies. Malaysia is no exception.

The impending National Climate Change Bill—a comprehensive framework for national climate action—will serve as a cornerstone in aligning the country’s ambitions with its net-zero goal by 2050. This legislation is expected to significantly reshape the local business landscape, particularly for small and medium enterprises (SMEs).

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