ESG Positive Impact Awards is returning to honour Malaysian companies that have done well in implementing Environmental, Social and Governance practices.
Organised by Star Media Group, with OCBC Bank (Malaysia) Berhad as the main sponsor, the award will provide companies with market recognition for their commitment to ESG.
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Organised by Star Media Group, with OCBC Bank (Malaysia) Berhad as the main sponsor, the award will provide companies with market recognition for their commitment to ESG.
Read more at http://bit.ly/4duquUk
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00 ESG Positive Impact Awards, ESG PIA, is returning to honour Malaysian companies that have done
00:09 well in implementing environmental, social and governance practices.
00:13 Organised by Star Media Group, with OCBC Bank Malaysia Berhad as the main sponsor, the award
00:19 will provide companies with market recognition for their commitment to ESG.
00:24 At the recent showcase event, SMG Group Chief Executive Officer Chan Seng Fat said, "There
00:29 is a growing awareness among businesses of the importance of adopting the ESG agenda
00:34 in their business practices."
00:36 "I think in today's corporate landscape, more and more emphasis is on the importance of
00:44 ESG.
00:45 And with this award participation, I think it's telling the market that you are committed
00:51 and you are confident of your own commitment.
00:54 And that will definitely enhance your market positioning and your brand's value."
01:01 OCBC Bank's Wholesale Banking Managing Director, Jeffrey Teo Neetake, said ESG principles have
01:07 laid the foundation for sustainable business practices.
01:10 "I think that sets the whole impact in terms of how businesses engage the environmental
01:17 impacts for example, pollution control, scarcity of resources and managing climate change.
01:24 Secondly, I think it's also the social impact in terms of inclusion, in terms of treatment,
01:31 human rights.
01:32 These are all important factors that govern the way businesses should be run in the future.
01:39 And this is going to have a future importance in terms of importance to all the stakeholders
01:43 such as governments, regulatory bodies and future investors for the matter."
01:49 And Trade and Industry Ministry, Metis Senior Director Dr. Meenatchi Munyandi said, "Since
01:54 the Ministry introduced the National Industry Environmental, Social and Governance Framework
01:58 (IESG) framework in October last year, there has been an evolving awareness of ESG, especially
02:05 among micro, small and medium enterprises."
02:08 "In 2022, we started our journey to come up with the framework and we launched it last
02:14 year.
02:15 And within a year, we could see that MSMEs has evolved a lot in terms of ESG awareness.
02:20 So definitely awards like this will help them to understand what ESG is all about and how
02:26 they can implement ESG practices."
02:28 The ESG Positive Impact Awards 2023 is organized by SMG and endorsed by the Natural Resources
02:36 and Environmental Sustainability Ministry and Metis, with OCBC Bank as the main sponsor.
02:43 Log on to staresgawards.com.my for more information on the application.
02:48 [End of Audio]
02:49 Transcription by CastingWords
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