In light of the rapidly growing trend of ESG and its growing influence on global business practices which led to the existence of a vacuum of information on ESG, this article serves as an update to our previous discussions on the topic. Rather than revisiting the fundamentals of ESG, we will focus on an update of recent developments, with particular attention to changes within Malaysia’s commercial and legal framework, alongside significant global trends.
In recent years, the landscape of transportation in Malaysia has undergone a significant transformation with the introduction of electric vehicles (EVs). While countries around the world have embraced EV technology for some time, Malaysia has only recently welcomed these eco-friendly alternatives to traditional combustion engine vehicles.
In recent months, the Ministry of Investment Trade and Industry (“MITI”) introduced the National Industry Environmental, Social & Governance Framework (i-ESG). This is an active step taken by the government in embracing ESG. Between the years of 2024 to 2026, the ‘Just Transition’ phase aims to support industries to embark on the ESG journey by providing guidelines, capacity building and outreach programmes, mentoring and financing.
In the current commercial world of Environmental, Social and Governance (“ESG”) compliance and Sustainable Development Goals (“SDG”), more duties and responsibilities are placed on the shoulders of directors of corporations and companies to ensure that their business is in compliance with ESG and/or SDG practices.
Reported by Lavannya Nair Richard Wee Chambers (“RWC”) recently organised a Community Tea Time Talk on “An Introduction to ESG: Are SMEs Bound?” on the 28th June 2023. Our own Mr Darren Lai, partner at…
Written by Darren Lai, Fatin Ismail, Jay Tee and Athirah Jaafar Introduction: ClientEarth V Board Of Directors Of Shell [2023] On 9th February 2023, a lawsuit (“the said Suit”) was filed by the Shell’s Shareholders…
Written by Darren Lai and Fatin Ismail Introduction With sustainable development, diversity and human rights at the forefront in recent days, the business community is rapidly ensuring that their respective businesses accordingly follow suit. Hence,…
