KUALA LUMPUR: Environmental, social and governance (ESG) principles remain relevant and essential, not only to save the planet but also to drive the transition towards a greener world and a green economy.
Asean Economic Club president Tan Sri Michael Yeoh said ESG practices continue to hold significant importance amid global uncertainty and doubts about the future of ESG.
"Asean must remain resolute and committed to ESG goals and principles," he said during his welcoming speech at the Asean ESG Leadership Forum here Thursday (Aug 21).
The forum serves as a platform that brings together C-suite leaders, executives, ESG practitioners and industry experts to shape the future of ESG in a rapidly evolving global landscape.
It also aims to support companies and small and medium enterprises (SMEs) in embedding ESG into their core business strategies, enabling them to become both profitable and purpose-driven.
Meanwhile, ESG Association of Malaysia (ESGAM) president Adjunct Practice Professor Cheah Kok Hoong, in his introductory speech, said collaboration across governments, industries and communities is important to ensure ESG goals can be achieved in a meaningful way.
He also said ESG can be an enabler and a lifeline for SMEs, the backbone of Asean economies.
"By adopting ESG practices, SMEs can enhance resilience, build trust with stakeholders and align with the global supply chain that increasingly demands sustainable practices.
"Decarbonisation, carbon credits and climate finance are not abstract concepts. They are real pathways to securing competitiveness in a low-carbon global economy," he said.
Cheah added that companies that act early will not only meet regulatory requirements but will also gain access to new markets, financing opportunities and partnerships. - Bernama
