ESG study findings to help SMEs enhance their ESG journey

SMEs who are slow adopters of ESG practices hesitate due to uncertain impact, limited knowledge and financial constraints regarding ESG integration.

EARLIER this year on April 17, Alliance Bank Malaysia Berhad’s inaugural annual ESG survey report, ESG Insights from Malaysian SMEs: Building A Better Future Together revealed that three out of five Malaysian small and medium enterprises (SMEs) believe embedding environmental, social and governance (ESG) practices in their business will create long-term value, build a strong workforce and increase business opportunities.

The study was jointly commissioned with UN Global Compact Network Malaysia and Brunei (UNGCMYB) and SME Corporation Malaysia (SME Corp Malaysia) to provide insights on the awareness, adoption and challenges of SMEs striving to integrate ESG factors into business practices in Malaysia.