GEORGE TOWN, May 17 – At the Climate Inclusive Financing and Development Program for SMEs held at the Amari SPICE Penang Hotel, YB Dato’ Seri Sundarajoo Sumo emphasized the crucial role of small and medium enterprises (SMEs) in driving Penang’s economic growth and job creation. Highlighting the importance of Environmental, Social, and Governance (ESG) standards, he called on SMEs to innovate and align with global trends to stay competitive.
The program, supported by the United Nations Global Compact Malaysia and Brunei (UNGCMYB), Penang Green Council, InvestPenang, and Alliance Bank, aims to empower local SMEs to adopt sustainable practices. The Penang State government’s initiatives, such as the Penang Green Industry Programme and the upcoming Penang International Green Conference and Exhibition 2024, reinforce the commitment to transforming Penang into a green manufacturing hub. Sundarajoo urged SMEs to leverage available resources to mitigate climate risks and capitalize on green market opportunities, ensuring resilience and competitiveness in the global low-carbon economy.
