Kuala lumpur: Environmental, social, and governance (ESG) principles remain relevant and essential, not only to save the planet but also to drive the transition towards a greener world and a green economy. ASEAN Economic Club president Tan Sri Michael Yeoh emphasized the continued significance of ESG practices in the face of global uncertainty and skepticism about their future. He urged ASEAN to stay committed to ESG goals and principles during his welcoming speech at the ASEAN ESG Leadership Forum.

According to BERNAMA News Agency, the forum acts as a platform that unites C-suite leaders, executives, ESG practitioners, and industry experts to shape the future of ESG in a rapidly changing global landscape. It aims to support companies and small and medium enterprises (SMEs) in integrating ESG into their core business strategies, enabling them to be both profitable and purpose-driven.

Meanwhile, ESG Association of Malaysia (ESGAM) president Adjunct Practice Professor Cheah Kok Hoong, in his introductory speech, highlighted the importance of collaboration across governments, industries, and communities to ensure meaningful achievement of ESG goals. He noted that ESG can serve as an enabler and lifeline for SMEs, which form the backbone of ASEAN economies.

Cheah further explained that by adopting ESG practices, SMEs can enhance resilience, build trust with stakeholders, and align with the global supply chain that increasingly demands sustainable practices. He stressed that concepts like decarbonisation, carbon credits, and climate finance are tangible pathways to securing competitiveness in a low-carbon global economy.

Cheah also pointed out that companies that act early will not only meet regulatory requirements but will also gain access to new markets, financing opportunities, and partnerships.