Budget 2024: The future of ESG in Malaysia


BUDGET 2024 is a promising one, especially within the environmental, social and governance (ESG) space as sustainability is integrated into economic policies.

Measures were presented to drive sustainable growth to protect as well as empower the welfare of Malaysians, and that includes focusing on strategies to prioritise sectors and initiatives that are investment-intensive. This reflects the government’s recognition towards ESG as a “need” today, and the whole-of-nation approach in making Malaysia an investment destination and at the same time achieving carbon neutrality by 2050.

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