World: Companies urged to adopt ESG standards

Companies stand to lose substantial investment opportunities without environmental, social and governance (ESG) compliance, which has become an increasingly important criterion for inclusive, equitable and sustainable growth.

Market observers believe the current trend of adopting the ESG standards would make good business sense as it leads to sustainable development for both companies and the communities.

Sunway University economics professor Dr Yeah Kim Leng said companies should capitalise on the opportunities presented in ESG standards, following the United Nation’s Sustainable Development Goals (SDGs) blueprint to end poverty, reduce inequality, and spur economic growth while tackling climate change.

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