ESG Corporate Summit News Clips
17 Feb 2022, Bernama
Business leaders pivot towards sustainability for sustainable future
Recognising that environmental, social and governance (ESG) has become mainstream and a game changer, business leaders have pivoted towards sustainability for a sustainable future while prioritising the 3Ps – planet, people and prosperity. They agreed that by evaluating their current business model, companies would be able to create enterprises and societal value at once. Petroliam Nasional Bhd (Petronas) vice-president & chief sustainability officer Charlotte Wolff-Bye said ESG is not just about picking an exercise but it is about evaluating a firm’s current business model and creating enterprises and societal values at once.
Read More
17 Feb 2022, Bernama
More than RM8 bln issued under SRI sukuk framework to date -- SC
A total of RM8.3 billion has been issued under the Sustainable and Responsible Investment (SRI) sukuk framework since the Securities Commission Malaysia (SC) introduced it in 2014. SC chairman Datuk Syed Zaid Albar said the funds raised were used to finance various green, social and sustainable projects, including renewable energy, quality education and affordable housing. "We believe there are more opportunities for the capital market to help build a more inclusive and sustainable nation, and the SC is firmly committed to this cause," he said in his opening keynote address at the Environmental, Social and Governance (ESG) Corporate Summit on “Driving Sustainability and Sustainable Transformation” today
Read More
17 Feb 2022, Bernama
Companies that ignore ESG will be deprived of equity, debt financing
Companies that choose to ignore sustainability/environmental, social and governance (ESG) considerations in their business will not be sustainable as they will be deprived of both equity and debt financing to fund their projects. According to Bursa Malaysia chairman, Tan Sri Abdul Wahid Omar, these companies will have to pay a higher insurance premium to underwrite some of their risks and will have difficulty in recruiting talents to drive their business. “They will not be able to sell their products or be part of the global supply chain as customers become more discerning in buying only sustainable products in the future,” he said in his welcoming speech at the ESG Corporate Summit, themed “Driving Sustainability and Sustainable Transformation” today.
Read More
17 Feb 2022, Berita Harian
Syarikat abaikan ESG sukar untuk berkembang
Syarikat yang memilih untuk mengabaikan pertimbangan kemampanan/alam sekitar, sosial dan tadbir urus (ESG) dalam perniagaan tidak mampu mengekalkan pencapaian baik kerana sukar mendapat pembiayaan ekuiti dan hutang untuk membiayai projek mereka. Pengerusi Bursa Malaysia, Tan Sri Abdul Wahid Omar, berkata syarikat terbabit perlu membayar premium insurans yang lebih tinggi untuk menaja jamin sebahagian daripada risiko mereka dan akan berdepan kesukaran untuk mengambil pekerja bagi memacu perniagaan. "Mereka tidak dapat menjual produk atau menjadi sebahagian daripada rantaian bekalan global memandangkan pelanggan lebih bijak menilai dan hanya membeli produk-produk yang mampan pada masa akan datang," katanya dalam ucapan alu-aluan pada Sidang Kemuncak Korporat ESG, bertemakan 'Memacu Kelestarian dan Transformasi Mampan' hari ini. Sidang kemuncak itu dianjurkan bersama oleh Kelab Ekonomi Kuala Lumpur (ECKL) dan Institut Strategik KSI bagi Asia Pasifik.
Read More
17 Feb 2022, Malay Mail
Companies that ignore ESG considerations will be deprived of equity, debt financing, warns Bursa chairman
Companies that choose to ignore sustainability/environmental, social and governance (ESG) considerations in their business will not be sustainable as they will be deprived of both equity and debt financing to fund their projects. According to Bursa Malaysia chairman, Tan Sri Abdul Wahid Omar, these companies will have to pay a higher insurance premium to underwrite some of their risks and will have difficulty in recruiting talents to drive their business. “They will not be able to sell their products or be part of the global supply chain as customers become more discerning in buying only sustainable products in the future,” he said in his welcoming speech at the ESG Corporate Summit, themed “Driving Sustainability and Sustainable Transformation” today.
Read More
17 Feb 2022, The Star
Poor corporate governance puts ESG plan at risk
Poor corporate governance in an organisation will definitely put the entire Environmental, Social and Governance (ESG) strategy at risk, say experts. Anthony Tan, financial management and member, All-Party Parliamentary Group Malaysia (APPGM)-Sustainable Development Goals (SDG) Project, said the 'G' in the ESG has nothing to do with the government but is best defined as the governance system in organisations. "If it (governance) is not strong, you will have a problem. The organisation will struggle to successfully implement good practices on the environmental and social fronts.
Read More
17 Feb 2022, The Star
Companies that ignore ESG will be deprived of equity, debt financing
Companies that choose to ignore sustainability/environmental, social and governance (ESG) considerations in their business will not be sustainable as they will be deprived of both equity and debt financing to fund their projects. According to Bursa Malaysia chairman, Tan Sri Abdul Wahid Omar, these companies will have to pay a higher insurance premium to underwrite some of their risks and will have difficulty in recruiting talents to drive their business. "They will not be able to sell their products or be part of the global supply chain as customers become more discerning in buying only sustainable products in the future,” he said in his welcoming speech at the ESG Corporate Summit, themed "Driving Sustainability and Sustainable Transformation” today.
Read More
17 Feb 2022, The Edge
Bursa chairman: Companies that ignore ESG will be deprived of equity, debt financing
Companies that choose to ignore sustainability/environmental, social and governance (ESG) considerations in their business will not be sustainable as they will be deprived of both equity and debt financing to fund their projects. According to Bursa Malaysia chairman, Tan Sri Abdul Wahid Omar (pictured), these companies will have to pay a higher insurance premium to underwrite some of their risks and will have difficulty in recruiting talents to drive their business. “They will not be able to sell their products or be part of the global supply chain as customers become more discerning in buying only sustainable products in the future,” he said in his welcoming speech at the ESG Corporate Summit, themed “Driving Sustainability and Sustainable Transformation” on Thursday (Feb 17).
Read More
17 Feb 2022, The Edge
SC: More than RM8b issued under SRI sukuk framework to date
A total of RM8.3 billion has been issued under the Sustainable and Responsible Investment (SRI) sukuk framework since the Securities Commission Malaysia (SC) introduced it in 2014. SC chairman Datuk Syed Zaid Albar said the funds raised were used to finance various green, social and sustainable projects, including renewable energy, quality education and affordable housing. "We believe there are more opportunities for the capital market to help build a more inclusive and sustainable nation, and the SC is firmly committed to this cause," he said in his opening keynote address at the Environmental, Social and Governance (ESG) Corporate Summit on “Driving Sustainability and Sustainable Transformation” on Thursday (Feb 17).
Read More
17 Feb 2022, The Edge
The Edge EVENING 5
Report of the ESG Corporate Summit by The Edge TV.
Read More
17 Feb 2022, Bernama TV
Syarikat abaikan ESG berdepan kesukaran terima pembiayaan ekuiti, hutang
Syarikat yang memilih untuk mengabaikan pertimbangan kemampanan/alam sekitar, sosial dan tadbir urus (ESG) dalam perniagaan mereka tidak mampu mengekalkan pencapaian baik kerana sukar mendapat pembiayaan ekuiti dan hutang untuk membiayai projek mereka. Menurut Pengerusi Bursa Malaysia, Tan Sri Abdul Wahid Omar syarikat tersebut perlu membayar premium insurans yang lebih tinggi untuk menaja jamin sebahagian daripada risiko mereka dan akan berdepan kesukaran untuk mengambil pekerja bagi memacu perniagaan.
Read More
17 Feb 2022, TV3 Malaysia
MPC Focusing On Boosting Productivity By 3.6% For 2022 | Bizworld, 17 February 2022
Coverage of the ESG Corporate Summit on TV3 Malaysia.
Read More
17 Feb 2022, Bernama
UK hopes Malaysia can be part of protecting 30 pct Earcth by 30 target
The United Kingdom (UK) hopes that Malaysia can be part of the target of protecting 30 per cent of the Earth, both land and sea by 2030 (also known as 30 by 30), said the British High Commissioner to Malaysia Charles Hay. He said the UK together with a hundred other countries have been calling for a new target of 30 by 30 to be adopted at the United Nation (UN) biodiversity negotiations later this year. Hay said Malaysia has committed to take bold actions to tackle climate change through the country’s enhanced Nationally Determined Contribution (NDC) and its new commitment on achieving carbon neutrality, "Later this year, over 100 countries will come together to develop new global goals on biodiversity in a framework that will be implemented over the next decade, with the aim of promoting a healthy planet and human well-being. "That's really important for Malaysia because being one of the most mega-diverse countries on the planet, and we need to be ambitious in this area," he said at the Environmental, Social and Governance (ESG) Corporate Summit titled “Driving Sustainability and Sustainable Transformation” today.