Malaysia’s National Sustainable Development Goal Council has approved the National Environmental, Social and Governance (ESG) Strategic Plan, marking a significant step towards sustainable development. The plan aims to bring Malaysian business entities in phases towards ESG compliance and reporting, creating a competitive advantage and sustainable development for the country. This move is expected to benefit small and medium-sized enterprises (SMEs) without burdening them with high costs.

Malaysia has made notable progress, with a projected achievement of 43% of the SDG target by 2030, surpassing the global average projection of 17%. This progress underscores the country’s commitment to sustainable development and ESG practices. The National ESG Strategic Plan is a crucial step towards achieving these goals. By adopting ESG practices, Malaysian businesses can create long-term value and contribute to a sustainable future.