KUALA LUMPUR, June 15 — Environmental, social and governance (ESG) issues are increasing in importance for business, trade and investment, and countries that can successfully...
KUALA LUMPUR, June 15 — Environmental, social and governance issues are increasing in importance for business, trade and investment, and countries that can successfully make the energy transition and master ESG and green tech will get ahead while those that do not will be left behind.
“Currently our capacity for RE, if we include large hydro , is 25 per cent. We still rely heavily on fossil fuels like coal and natural gas. “We are likewise developing an Energy Efficiency and Conservation Act, with the aim of regulating energy efficiency and conservation practices. I am fully committed to finalising the bills and implementing them to optimise resource utilisation and minimise the environmental impact of our economic development,” he said.
The finance industry, which is so crucial to the economy as a whole, should take the lead in embracing sustainability, whether via its operations, the products it offers and or the kind of business projects it funds, Nik Nazmi said. Meanwhile, MIDF group managing director Datuk Charon Wardini Mokhzani in his welcome speech said the MIDF Green Conference started in 2019, when few local banks were talking about green finance, sustainability, ESG or the carbon economy.
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