Malaysian SMEs are urged to accelerate ESG adoption to meet rising procurement, financing, and market demands, says ESGAM president Cheah Kok Hoong.
MALAYSIAN small and medium enterprises (SMEs) are being urged to accelerate the adoption of environmental, social and governance (ESG) practices as sustainability requirements increasingly influence procurement, financing and access to markets.
ESG Association of Malaysia (ESGAM) president Cheah Kok Hoong said businesses were facing growing expectations from customers and business partners to demonstrate their sustainability commitments.
He said many SMEs needed practical guidance to identify priorities, understand relevant requirements and implement improvements that made commercial sense.
