Selangor Journal
Prime Minister Datuk Seri Anwar Ibrahim speaks at the Kuala Lumpur International Book Fair launch, at the World Trade Centre Kuala Lumpur, on May 30, 2024. — Picture by AHMAD ZAKKI JILAN/SELANGORKINI

PM urges meaningful change for Malaysia with good ESG practices

KUALA LUMPUR, June 21 — Prime Minister Datuk Seri Anwar Ibrahim has called on all stakeholders to participate in achieving a sustainable future and creating powerful synergy that drives meaningful change for Malaysia.

He said embracing environmental, social and governance (ESG) practices transcends regulatory compliance and thus needs a shift in mindset to achieve principles of environmental stewardship, social responsibility and governance excellence.

He said Malaysia must recognise that achieving net-zero emission requires a collaborative effort.

He said the government has taken a progressive stance towards decarbonisation and the larger sustainability agenda.

“The Madani concept, the country’s ethos for development, places sustainability among its seven tenets,” he said at the launch of Asia’s first ESG Positive Impact Consortium (A-EPIC) here today.

He said the government has implemented multifaceted policies aimed at reducing carbon emissions, promoting social equity, creating new growth opportunities in the green economy and ensuring transparent governance.

Substantial funds have been allocated for renewable energy, sustainable agriculture, and green transportation, signalling the government’s commitment to reducing the country’s carbon footprint and promoting sustainability, he said.

“We are painfully aware of the challenges facing our environment, among them hotter temperatures, more severe storms and increased droughts. In Malaysia, we experience these too… unprecedented and, of course, a major challenge.

“As 2024 is regarded the hottest year on record… Make no mistake, ladies and gentlemen, these are no longer theoretical risks, but the lived realities of many around the world,” he reminded all stakeholders.

To this end, he believes the formation of the A-EPIC is timely, as it can leverage the prowess of three media groups to facilitate collaborative action between stakeholders, businesses and the public.

“The A-EPIC sheds light on the roles of the media, providing support for a policy adopted by (Malaysia, Indonesia and the Philippines), (which) is consistent with ESG,” Anwar told the media after the launch.

A-EPIC, comprising Star Media Group (SMG), Indonesia’s Media Group of Kompas Gramedia (KG Media) and the Philippines’ Inquirer Group of Companies (IGC), aims to advance ESG awareness across the region’s business ecosystems and expedite the adoption in the mainstream media to ensure public accountability and transparency.

SMG chief executive officer Chan Seng Fatt said only 25 Malaysian small and medium enterprises implement ESG practices, highlighting the need for greater awareness and support, as many of them are struggling with the complexities of ESG and broader sustainability goals.

“Through the collective power of our reach to over 123 million people, we envision a sustainable Asia through media collaborations promoting progressive environmental, socio-economic and governance commitments for future prosperity across the region,” Anwar said.

KG Media CEO Andy Budiman shared the consortium’s commitment to showcase and amplify impactful local efforts, champion sustainability as the new standard, and empower businesses and communities via bold media strategies.

IGC CEO Rudyard Arbolado said joining A-EPIC is not just an acknowledgement of the group’s past advocacies, but a pledge to amplify collective impact through collaborative and innovative approaches.

— Bernama

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