Malaysia's ESG drive is being actively advocated by the government to ensure that the nation develops sustainably in line with global trends.
Environmental, social and governance (ESG) investing in Malaysia took off in the early years after much encouragement by large funds such as the Employees Provident Fund (EPF) and Khazanah Nasional Bhd.
Regulators including the Securities Commission Malaysia (SC) also helped push the ESG agenda through issuances of guidance notes and taxonomies to guide the domestic development of ESG investing.
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Malaysia's ESG drive is being actively advocated by the government to ensure that the nation develops sustainably in line with global trends.
Advocating ESG is seen as the key resolution for industries across the board, although SMEs are still at the infancy level of implementation, while the larger companies are catching up fast, said Arham.
PLCs must embrace the underlying philosophy of sustainability, instead of approaching it with a compliance mindset, said Dr Awang Adek.
As a responsible investor, Khazanah looks to influence positive change and ensure a responsible and equitable impact through managing ESG risk and identifying value creation opportunities, said Amirul.
Increasing interest among individual investors will further boost sustainable investments and the growth of SRI funds.
Malaysian Investment Development Authority (MIDA) chief executive officer, Datuk Arham Abdul Rahman
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