PETALING JAYA: Malaysia’s environmental, social and governance (ESG) issues are in need of an urgent and holistic response from the government, regulators, businesses and even consumers if transition-induced economic dislocations are to be mitigated.
With issues such as climate change, human rights and equality, as well as ESG influencing investment habits today, Malaysian companies need to be able to step up to the challenge if they want to be able to compete on the global stage.
Maybank Investment Bank Research (Maybank IB) in a report said Malaysia’s overarching vulnerability from a sustainability perspective is primarily related to the economy’s dependence on high-carbon industries, principally the oil and gas (O&G) sector.
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