Prime Minister Anwar Ibrahim announced the agreement on a National Environmental, Social, and Governance (ESG) Strategic Plan at the National SDG Council Meeting 2024. The plan aims to guide Malaysian businesses towards ESG compliance and reporting, fostering sustainable development and a competitive advantage. Anwar emphasized the importance of supporting SMEs by conducting a dry run of ESG implementation among public-listed companies, multinationals, and government-linked companies. He also highlighted encouraging progress in achieving SDG targets, with Malaysia projected to reach 43% by 2030.
Prime Minister Datuk Seri Anwar Ibrahim chairs the National SDG Council Meeting 2024, December 18, 2024. — Picture from X/ Anwar Ibrahim as a first-time user . Exclusively for Malay Mail readers: Use codeKUALA LUMPUR, Dec 18 — Prime Minister Datuk Seri Anwar Ibrahim said the proposed National Environmental, Social and Governance Strategic Plan was agreed upon at the National SDG Council Meeting 2024 today.
He said the plan was formulated in the government’s efforts to bring Malaysian business entities in phases towards ESG compliance and reporting, and even to a level beyond compliance, thus creating a competitive advantage and sustainable development for the country. “I mentioned the need to ensure that small and medium enterprises are not burdened with high costs in their efforts to comply with ESG guidelines, hence it is recommended that a dry run for ESG implementation also be carried out by public-listed companies, multinationals and government-linked companies .
“This is important to support SMEs in their respective value chains. As such, all relevant ministries are advised to strengthen appropriate training programmes for targeted business entities,” he said in a Facebook post after chairing the meeting. On the current performance of the country’s Sustainable Development Goals indicators, Anwar said the meeting was informed that Malaysia had made encouraging progress with a projected achievement of 43 per cent of the SDG target by 2030.
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