10 May – SIRIM Berhad, a government-owned research and development agency in Malaysia, has set an ambitious target to assist 2,000 companies in implementing Environmental, Social, and Governance (ESG) practices by 2027. This initiative aims to strengthen the competitiveness of the local industry on the global stage while supporting the country’s sustainable development agenda.
SIRIM ESG Holistic Ecosystem: Supporting Corporate Transformation
This target is supported by the launch of the SIRIM ESG Holistic Ecosystem, a comprehensive network offering services such as certification, training, and ESG consulting. Through subsidiaries like SIRIM QAS International, SIRIM Academy, and SIRIM Industrial Research (SIRIM IR), local companies can access various programs to help them meet local and international ESG standards.
SIRIM 55:2023 – New ESG Management Standards
One of the key achievements within this ecosystem is the launch of SIRIM 55:2023, an ESG management system designed to help organizations measure, implement, and enhance their ESG practices. This system provides practical guidance and tools for companies in various sectors, including manufacturing, services, and technology.
SIRIM’s Role in Enhancing Global Competitiveness
According to Datuk Ir. Dr. Khairol Anuar Mohamad Tawi, Chairman of SIRIM Berhad, this ESG ecosystem is not only about compliance but also aims to position Malaysia as a leader in sustainable and responsible practices. With stringent certification, specialized training, and advanced testing capabilities, SIRIM strives to provide companies with a “passport to prosperity,” enabling them to thrive in markets that value integrity and ESG competitiveness.
Early Achievement: BACFREE® as a Leading Example
One of the companies that have already achieved the SIRIM 55:2023 certification is BACFREE®, a leader in rainwater harvesting solutions in Malaysia. With over 71,000 residential installations and 13,000 commercial installations, their system collects more than 55 million cubic meters of rainwater annually, reducing CO₂ emissions by approximately 31,416 tons. This ESG certification strengthens their commitment to sustainability and serves as a model for other companies in the industry.
Boosting Investment and Economic Attractiveness
Deputy Minister of Investment, Trade, and Industry, Liew Chin Tong, emphasized that prioritizing ESG principles in business strategies not only enhances a company’s competitiveness but also opens opportunities to attract foreign investment. By focusing on ESG, Malaysia can create a more equitable society and a more sustainable economy.
Conclusion: ESG at the Core of Corporate Future
With the goal of helping 2,000 companies implement ESG practices by 2027, SIRIM Berhad demonstrates a strong commitment to driving the transformation of Malaysia’s industries towards sustainability. Through its comprehensive ESG ecosystem and ongoing support, SIRIM ensures that local companies not only meet ESG standards but also become leaders in responsible and sustainable business practices.
For more information about SIRIM’s ESG initiatives and how your company can get involved, please visit the official SIRIM Berhad website.
Sources:
- SIRIM Berhad Official Website: https://www.sirim.my
- RTM News Article: https://berita.rtm.gov.my/nasional/senarai-berita-nasional/senarai-artikel/sirim-sasar-2,000-syarikat-laksana-esg,-menjelang-2027
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