As part of our continued effort to support business owners embark on the environmental, social and governance (ESG) journey, we partnered with SME Corp. Malaysia to organise a roundtable discussion themed “Charting the ESG Path for MSMEs” to help micro, small and medium enterprises (MSMEs) better understand ways to transition towards sustainable practices. We were honoured to have Puan Noor Afifah Abdul Razak, Deputy Secretary General of the Ministry of Entrepreneur and Cooperatives Development (MECD) present to chair the roundtable discussion. The insights gained from the discussion will play a vital role in shaping the policies and strategies for the sustainable growth of SMEs. Our Group Chief Strategy, Marketing and Business Development Officer, Dr Aaron Sum kicked off the discussion by presenting the findings from the bank’s inaugural ESG survey report including insights on the awareness, adoption and challenges of MSMEs striving to integrate ESG factors into their business practices. This was followed by an open discussion among participants, which aimed to foster synergy and cohesiveness in supporting SMEs on their ESG journey. Here are some of the Key Takeaways: 1️. Standardising ESG requirements: We discussed on the importance of setting basic and uniform ESG standards to help MSMEs get started. 2️. A unified ESG platform: We highlighted the need for a single, comprehensive platform under a central governing agency covering all ESG-related matters across sectors, making it easier for MSMEs to navigate and learn. 3️. Increase ESG adoption: We explored ways to incentivise and reward MSMEs that embrace ESG practices as well as the importance to develop sectoral playbooks which will help reward, guide & quicken the learning process. Find out more about our ESG Survey Report for SMEs here: https://lnkd.in/d3uDDyK4 #ESGforSMEs #Sustainability #AllianceBankMY #ESG
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I had the privilege of attending the ESG Corporate Sustainability webinar hosted by the National Institute of Securities Markets (NISM), an educational initiative of the Securities and Exchange Board of India (SEBI) by Dr. Mohd Meraj Inamdar, Assistant Professor, NISM | Area: ESG/ Corporate Sustainability. This event provided valuable insights into the ever-evolving world of Environmental, Social, and Governance (ESG) practices within the corporate sector. The webinar featured distinguished experts and thought leaders who shared their knowledge and experiences in the realm of corporate sustainability. Key takeaways from the event included: 1. Understanding ESG Frameworks: The speakers delved into the various ESG frameworks and standards, emphasizing the importance of aligning ESG goals with the company's core values and long-term vision. 2. Impact Measurement: The discussion revolved around the significance of measuring and reporting the impact of sustainability efforts. Companies are increasingly realizing that ESG metrics are not just for compliance but for driving positive change. 3. Stakeholder Engagement: The webinar highlighted the need for effective stakeholder engagement, which goes beyond investors to include customers, employees, communities, and more. Engaging with stakeholders is vital for building a sustainable and responsible business. 4. Regulatory Environment: Speaker also shed light on the evolving regulatory landscape and how SEBI's initiatives are contributing to the growth of sustainable finance in India. 5. Case Studies: Real-world examples and case studies demonstrated the tangible benefits of ESG integration for both financial performance and reputation management. I am grateful to NISM and SEBI for organizing this insightful webinar, which not only enriched my knowledge of ESG but also provided a platform for networking with professionals who share a common interest in corporate sustainability. As we continue to navigate the rapidly changing business landscape, events like these play a pivotal role in fostering awareness and collaboration. I look forward to applying the knowledge gained from this webinar to drive positive change within my organization and contribute to a more sustainable future. #ESG #CorporateSustainability #NISM #SEBI #SustainabilityWebinar #ProfessionalDevelopment
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Capital Markets Malaysia is hosting a week of capacity building workshops facilitated by our knowledge partners and ESG subject matter experts ERM, CDP, Thoughts in Gear, Global Reporting Initiative (GRI), Securities Commission Malaysia! The Capital Markets Malaysia ESG Week offers a comprehensive programme of workshops, presentations, insightful case studies, and connects you with actionable insights and practical examples to help accelerate your corporate sustainability journey. Attendance to these workshops is complimentary for all Malaysian companies. Number of seats is limited and registration priority will be given to sustainability practitioners from corporations and SMEs for whom these workshops are intended. Workshop facilitators include: Yulia Dobrolyubova, Seng Kee Wong, FoongLing Chin, Dr Allinnettes Adigue, Margie Ong, Tobias Mangelmann, Dedy Mahardika, Thomas Renaldy, Ashley C., Pam Lee Wen Ai For full details and the agenda of the workshop visit: https://lnkd.in/g-82FNsw #esg #corporatesustainability #netzero #sustainablefinance #sbti #sme #sustainablesupplychains #esgstrategy
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Thanks Edison for put up this well summaries insights from the esteem presenter (including yourself too), let’s works closely and collaboratively to bring this ESG agenda for both Public and Private sector for betterment of Nation and Stakeholders, Rakyat! #ESGAM #Matrade #Mavcap
The ESG Association of Malaysia and SME Malaysia recently conducted a seminar on "Small Business, Big Impact: Navigating the Evolving Landscape of ESG in SMEs." Highlights of the seminar: 1) Over 120+ SMEs participated in the event. Ms. Rina Neoh, previous BOD of Malaysia External Trade Development Corporation (MATRADE), and currently the Founding member and Secretary General of ESG Association of Malaysia was also present. 2) Adj. Practice Professor Cheah Kok Hoong, President of ESG Association of Malaysia, in his address posed a question for SMEs to ponder on #purpose and #profit of business in the context of ESG. He thanked #MATRADE and other speakers for their support given on enhancement of knowledge for SMEs about ESG & Sustainability. 3) Mr. S.Jai Shankar, MATRADE Sustainability Lead, and myself as Deputy Lead spoke on "Exports & ESG: Relevance and Opportunities. Participants were encouraged to view 'sustainability' and 'ESG' as an opportunity for improvement and creation of new business, e.g. providing solutions to the 17 Sustainable Development Goals. Apart from that, the urgent need to evolve and comply with the new developments and requirements related to sustainability were also highlighted. This will ensure Malaysian SMEs remains competitive in the global market. During the panel discussion, Mr. Jai clairified misconceptions about ESG as a foreign agenda. He also shared about need to have world class mentality, instead of only global presence, since such mindset will be a boon to Malaysia's effort to brand the country's products and services internationally. 4) In addition to Mr Jai, the panellists included Mr Paramjit Singh (Chief Investment Officer of MAVCAP), Mr Johnny Chow SMETA, WCA, DYSON, QIMA, WRAP, Inspection, Audit, (ESG Practitioner) and Ms Joyline Chai (VP of ESG Association of Malaysia). 5) Overall, the panellists discussed and highlighted insights regarding policy changes/ trends in regulation, finance, good governance, and market demand as well as disruptions that give rise to green supply chains, business risks and export opportunities for Malaysian SMEs. 6) The seminar has indeed helped SMEs gain new knowledge about integrating ESG considerations into their business model. It has also strengthened public-private partnerships in line with UN #SDG17 : Partnership for the Goals. 7) Such engagement must be made regular as it can help nurture critical conversations that lead to positioning of Malaysian SMEs as responsible and green suppliers for global buyers.
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🌟 Exciting Announcement: Unveiling IFC - International Finance Corporation's Sustainability Assessment and Improvement Tool for Midsize Growth Companies 🌟. In a rapidly evolving business landscape, sustainability is no longer an option; it's an imperative. We are delighted to introduce our latest solution tailored for Midsize Growth Companies (MGCs) in emerging markets. 📊 Our Excel-based instrument offers a structured assessment of your sustainability policies, risks, and opportunities. #Sustainability #IFC #MGCs #SMEs #esg Alexey Volynets Min B. https://lnkd.in/ecy7z9Cy
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🎯 «Beyond ESG: Shaping the Future of Business» is a unique hands-on program developed to support companies in creating a personalized action plan to implement Sustainability in their business strategy. Throughout two days, participants will deepen their knowledge of how to integrate sustainable practices into business strategies through an alignment with the SDG Agenda and the new CSRD regulation and its ESG criteria. 👉🏼 Key Takeaways IDENTIFY the critical success factors for implementing Sustainability at the core of the business strategy. DEVELOP a tailored Strategic Implementation Plan for your company. ACQUIRE knowledge and tools necessary to transform Sustainability into a competitive advantage. 🗨 The program is in Portuguese 📅 January 29 and 30, from 9:00 to 18:00 at CATÓLICA-LISBON 💲 950 euros per participant (minimum of 2 participants per company) 10% discount for companies that are part of the Observatory Registrations: https://lnkd.in/dRrxnaKz For more information, please contact Filipa Pires de Almeida at filipa.pa@ucp.pt 📩 #SustainabilityStrategies #Sustainability #SustainableDevelopment #ESG #CSRD #SDG #SDGImplementation #SustainableDevelopment #BancoBPI
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Are your SMEs ready for the ESG revolution? All sizes (including SMEs) and types of businesses must stay ahead of the curve to sustain themselves as the business landscape constantly shifts, and new trends always emerge. Environmental, Social, and Governance (ESG) are the most significant trends that change the markets in all sectors. Implementing ESG in businesses can be simple with small steps. Our ESG and sustainability consultant Jia Xin Ng 🌻 simplified the steps to show you what you can do to start your ESG journey as a SME. Read more: https://lnkd.in/gKaM2ir5 🎙 We'll have a LinkedIn Live titled How to Prepare Your Business for 2024 with ESG? on 23 January 2024 at 1.15 pm MYT. Join us to ask any questions you have about ESG: https://lnkd.in/gnmYMhdu #esg #smes #sustainability #consulting
ESG for SMEs: A Simple Guide to Sustainability and Success in Malaysia - Bernard Business Consulting
https://bernardbc.com
Sustainability | ESG Analyst | Communication Science | SDG2030 | Lecturer at Universiti Putra Malaysia
7moWe should first have a very basic ESG standards for our MSMEs reflecting main planetary concern for Malaysia - pollution, minimum pay etc. Perhaps you could be more sensitive toward "E" in your ESG endeavor especially with regards to the blatant display of single used plastics in your event.