KUALA LUMPUR (Sept 23): Companies must shape up their environmental, social and corporate governance (ESG) exercise or lose access to capital with a purpose, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
He said that ESG assets are set to reach US$53 trillion (RM242.16 trillion) by 2025, adding that institutional investors carry considerable collective influence with nearly RM2.2 trillion in assets under management and roughly RM750 billion in the local stock exchange.
“Given their size and capacity, institutional investors can and must play a key role to drive effective oversight, catalyse future-proofing, and unlock value by actively engaging with their investee or portfolio companies. not just in the interest of returns, but also on purpose, premised on ESG principles,” he said.
https://www.theedgemarkets.com/article/zafrul-companies-must-shape-esg-exercise-or-lose-access-capital-purpose
Created by savemalaysia | Mar 29, 2024
Created by savemalaysia | Mar 29, 2024
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Created by savemalaysia | Mar 29, 2024