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Digitalisation in Indonesia has solved many problems in society and created value for businesses. Explore how equitable digitalisation, strengthening business fundamentals, increasing collaboration, and implementation of ESG will benefit the digital economy in Indonesia Read more: https://lnkd.in/ggKwc-hh #PwCIndonesia

🌱 Why ESG Reporting Matters in Malaysia! 📊 Reporting season is here, but why the focus on sustainability matters? 🌍 In Malaysia, ESG (Environmental, Social, and Governance) practices are gaining ground but still have room to grow compared to other countries. Yet, reporting offers tremendous benefits. According to Bursa Malaysia, here's why it's key: - 🌟 Enhancing sustainability practices and reporting standards for listed companies - 🤝 Meeting stakeholder expectations on sustainability - 💼 Attracting sustainable funds into Malaysia's capital market - 📈 Qualifying for indices like FTSE4Good Bursa Malaysia Index and global sustainability benchmarks How does this benefit companies? By elevating sustainability practices and reporting, Malaysian businesses gain a competitive edge on the global stage. They demonstrate compliance with essential sustainability norms to Western buyers, making them more appealing suppliers and winning favour with stakeholders passionate about sustainability. Key stakeholders like investment giants such as Blackrock, now focused on "transition investing," show a keen interest in Malaysian companies that prioritize sustainability. This positive attention not only attracts investment but also boosts share prices. Moreover, as more Malaysian firms qualify for F4GBM Bursa Malaysia Index, it increases investor appeal and market visibility, drawing more interest and investment into Malaysia as a marketplace. Yes, sustainability reporting comes at a cost. But the transition to a sustainability-focused model pays immediate dividends, as seen from the advantages outlined above. Let's drive sustainable success together! 🌟🌏 #ESG #Sustainability #Malaysia #Investment #CorporateResponsibility #ReportSeason

The private sector plays a vital role in Indonesia's climate change ambitions. Witnessing the transformative impact of technology on sustainable practices and countless small businesses and communities in Indonesia, we are excited to discuss further potential of technology in driving sustainability for Indonesia's public and private sector. Join us for an insightful industry workshop on "Data-driven Sustainability in Indonesia"! 🌏 Expect to hear and discuss: 1️⃣ Innovating for Impact: Perspectives on New Business Models 2️⃣ Building a Data Foundation: Leveraging Data Analytics and AI for ESG Insights 3️⃣ The Way Forward: Innovating for Impact through Technology & Sustainability Register your interest here - https://lnkd.in/gZ9-Bhn4 #sustainability #datadriven #innovation #indonesiasustainability #esginsights #ESG #environmentalimpact #data AIBP provides a platform for public and private organisations in Southeast Asia to access and share information on B2B growth and innovation. With a network of over 30,000 stakeholders, AIBP fosters ecosystem development through value-added activities, enabling transformative impacts within organisations. Contact us to find out more: https://lnkd.in/gft6EQAK

Environmental, Social, and Governance (ESG) practices in Indonesia are gaining significant attention as the country progresses towards sustainable development. Here are some key points regarding ESG in Indonesia: - Sustainable Transformation: Indonesia is incorporating ESG principles into its business and economic strategies. A report by PwC highlights Indonesia's commitment to ESG, with a focus on sustainability and environmental leadership, especially during its 2022 G20 Presidency. - Regulatory Framework: The Indonesian government and financial authorities are proactive in creating conditions for ESG adoption. This includes regulations like OJK Regulation No. 51/POJK.03/2017, which guides companies in sustainable practices. - Digital Economy and ESG: The digital economy is seen as a driver for inclusive growth, with digital tools expected to widen access to healthcare, education, and financial services, thereby supporting ESG targets. - Sustainable Finance: Indonesia is pioneering thematic bonds and seeking to mobilize private funding for sustainable projects under the OJK’s Sustainable Finance Roadmap. - nternational Engagement: Indonesia's role in international forums like the G20 and COP26 showcases its engagement with global sustainability goals and its aim to reach net-zero emissions by 2060. For businesses and investors, understanding and integrating ESG criteria into their strategies is becoming increasingly important in Indonesia. The country's focus on ESG presents both challenges and opportunities for long-term growth and sustainability. Muhammad Azfar Rachman Fauzia Seska Devi

The Value of Consulting for Sustainable Business Consulting teams play a crucial role in providing advisory services and objective guidance. They assist in various areas such as market research and materiality assessments. In Thailand, numerous large companies like CP ALL, Central Group, SLP, BGC, BTS, KTC, TTB, Makro, and others have successfully implemented Environmental, Social, and Governance (ESG) strategies. Similarly, Small and Medium Enterprises (SMEs) can also develop ESG plans to guide their business towards sustainability. ESG not only promotes sustainability but also brings profits back to the business. It ensures that everyone in the supply chain is well taken care of, pushing companies towards achieving Sustainable Development Goals (SDGs). SDGs can attract sustainable investments. Consequently, Thai businesses have started to consider implementing ESG strategies in line with global sustainability guidelines, economic growth, and social responsibility. ESG has become a trend among Thai companies, promoting their products or services through campaigns and improving their strategies based on financial impact and consumer needs. Setting ESG goals for success requires viewing sustainability as a key factor. During the benefits and cost-saving stage, businesses need to define their economies of scale and profit margins to attract customers. In this context, consultants and advisors become essential in prioritizing and achieving goals. Thailand has been receptive to the BSG strategy, aligning with global trends, company missions, and government support. Businesses of all sizes need to strengthen their brand identity and improve access to business expansion to withstand economic crises and transition towards sustainability. Starting today, businesses should consult for more data collection to make informed decisions and strategies. RESEARCH ASIA CO., LTD #consulting #marketresearch #sustainablebusiness #sustainability #ESG #sdg2030 #sdgs

🌲 🌻 ☘ What does ESG hold for Malaysia in 2024? I recently wrote a short article with six developments I predict for the year (and obviously beyond). The article can be found on Lexology, the link is in the comment section below. Why six predictions? No specific reason. There are certainly more developments. Did I miss anything? Please share what you believe will become a trend in 2024 in #Malaysia or around the world. ESG as a Growth Factor: ESG is evolving from a regulatory nuisance to a substantial growth driver, fostering long-term success and value creation for businesses 📈. ESG Dominance in Supply Chains: The EU’s Corporate Sustainability Due Diligence Directive (CSDDD) is set to transform supply chains, requiring due diligence with strict obligations on procurers 🌐. Expansion of Sustainability Reporting: Private companies in Malaysia, driven by Scope 3 rules, will increasingly embrace sustainability reporting or risk exclusion from global supply chains 📊. Biodiversity in Focus: Malaysia's megadiverse status puts biodiversity in the spotlight, emphasizing the need for its protection and alignment with global initiatives 🌿. ESG Integration in Finance: Sustainability will be deeply ingrained in companies' financial foundations, with CFOs considering climate impacts and the rise of ESG controller positions 💼. Rise in ESG-related Disputes: As ESG plays a more critical role in contracts, a surge in ESG-related disputes is anticipated, necessitating a strategic approach to dispute resolution ⚖️. These developments underscore the imperative for Malaysian businesses to proactively embrace ESG, not just for compliance but as a strategic opportunity for growth and sustainability. #ESG #Sustainability #BusinessTransformation

The Importance Of ESG Training & Education To Drive Transition Planning And Implementation For Companies And Their Supply Chains. Starting from December 2023, the introduction of statutory ESG and Climate Risk Disclosures, company ESG ratings, and regulations by Bank Negara and Bursa Malaysia will have significant compliance implications for businesses and their supply chains. However, Malaysia faces a notable challenge concerning the availability of experienced and trained staff capable of developing and implementing ESG initiatives that can deliver tangible outcomes for companies and society at large. Consequently, this situation has led to confusion and operational difficulties for businesses as they strive to meet the new regulatory ESG requirements imposed upon them. Incorporating ESG initiatives into operations necessitates a comprehensive understanding of ESG at all levels of an organisation, both internally and externally, and the integration of ESG principles into daily tasks. This not only benefits the company commercially but also contributes to the advancement of the supply chain ecosystem in which they operate. To pave the way for a sustainable future, companies must seize the opportunity and proactively invest in ESG Training & Education to support transition planning and implementation, both internally and with their supply chains to delivery true change.     Great news for Malaysian companies: HRDF funding is readily available, removing any barriers to upskilling our invaluable workforce and supply chain partners. Let's capitalise on this opportunity to drive positive change together!   Reach out to us at info@esg-disclose.com for more information and dedicated support. Together, let's shape a world that thrives on sustainability! 🌏   ESG Disclose, Softech360, Leaderonomics Digital, Greenly | Certified B Corp #ESGTraining #SustainableFuture #esgintegration #esginvestment #esgdisclosure