June 10 – The Malaysian Investment Development Authority (MIDA) has partnered with the United Nations Global Compact Network Malaysia and Brunei (UNGCMYB) to enhance the adoption of Environmental, Social, and Governance (ESG) practices among Malaysian businesses. This collaboration aims to accelerate the country’s transition towards a sustainable and inclusive economy.
Key Initiatives and Goals
The partnership focuses on several strategic initiatives:
- Capacity Building: Providing training and resources to businesses to integrate ESG principles into their operations.
- Policy Advocacy: Collaborating with policymakers to create an enabling environment for ESG adoption.
- Public Awareness: Raising awareness about the importance of ESG practices among businesses and the public.
By focusing on these areas, MIDA and UNGC MYB aim to support Malaysian companies in aligning with global sustainability standards, thereby enhancing their competitiveness in the international market.
Launch at Forward Faster Symposium 2025
The official launch of this partnership will take place at the Forward Faster Symposium 2025, UNGC MYB’s flagship programme dedicated to accelerating sustainability. The symposium will serve as a platform for stakeholders to discuss and collaborate on ESG initiatives, fostering a shared commitment to sustainable development.businesstoday.com.my
Conclusion
The collaboration between MIDA and UNGC MYB marks a significant step towards embedding ESG principles into the fabric of Malaysia’s business landscape. Through this partnership, both organizations aim to drive meaningful change, ensuring that businesses contribute positively to the environment and society while achieving long-term economic success.
Source:
- BusinessToday: MIDA, UNGC MYB Join Forces To Boost ESG In Malaysia
