In particular, there have been strong commitments from Malaysian financial institutions on sustainability and climate issues, while Malaysian firms have been integrating ESG considerations into their corporate framework.
THE age-old model of capitalism, driven by profits and focus on maximisation of value for shareholders, is transforming to take into account the challenges of climate change and other risks faced by industries.
Under environmental, social and governance (ESG) targets, companies are working towards net zero and carbon neutral status in the next two to three decades, while effecting changes in their capital allocation that will positively impact the environment, people and society.
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In particular, there have been strong commitments from Malaysian financial institutions on sustainability and climate issues, while Malaysian firms have been integrating ESG considerations into their corporate framework.
Malaysia is closely following global ESG investment trends, said Jigar
Progress made in collaborating across sectors and geographical locations is slower in Malaysia compared to peers globally, said Chan.
Kenanga Investors Berhad executive director and chief executive officer Ismitz Matthew De Alwis is one of the speakers for the Star Wealth Summit 2021.
Maximisation of returns is not necessarily the primary ESG goal for investors, as broader measures of ESG are increasingly recognised as a barometer of a company’s worth over the medium to long term.
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