Malaysia’s National Sustainable Development Goal Council on December 18 approved the National Environmental, Social and Governance (ESG) Strategic Plan.
At the National SDG Council's Meeting (Photo: Malaymail)
Kuala Lumpur (VNA) – Malaysia’s National Sustainable Development Goal Council on December 18 approved the National Environmental,🅺 Social and Go👍vernance (ESG) Strategic Plan.
Malaysian Prime Minister Anwar Ibrahim wrote on his X page that the plan was formulated in the government’s efforts to bring Malaysian business entities in phases toward ESG compliance and reporting, and even to a level beyond compliance, thus creating a competitive advantage and sustainable development for the country.
He mentioned the need to ensure that small and medium-sized enterprises (SMEs) 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.
Malaysia has made encouraging progress with a projected achievement of 43% of the SDG target by 2030, surpassing the global average projection of 17%./.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
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