Tay & Partners: ESG in Malaysia and legal risks
With growing ethical awareness on the economic, environmental and social footprint that we leave behind, the emphasis on ESG (short form for “Environmental, Social and Governance”) by corporations, stakeholders including investors and customers, and even governments alike has been gaining traction globally and locally.
However, while the concept of ESG is a lofty one, to date, there is no internationally accepted definition of ESG. With the lack of standardization of baseline or criteria on ESG, ESG remains a nebulous concept, the ambiguity of which may pose a challenge for compliance.
This article by Tay & Partners examines how Malaysia is faring so far.
