Summary
- ESG increasingly important for investment and global markets.
- SMEs encouraged to adopt practical, gradual measures.
- Grants and financing can support ESG transition.
- Penang aims to strengthen sustainable business competitiveness.
GEORGE TOWN, August 12 — The Penang State Government has urged businesses to view Environmental, Social and Governance (ESG) adoption as a competitive advantage.
Rather than a compliance burden. Speaking at the “Accelerating ESG Adoption: Policies, Strategies, Grants” programme organised by the Penang Chinese Chamber of Commerce.
The state said ESG increasingly influences investment, financing and global supply chains. SMEs were encouraged to start with practical measures such as improving energy efficiency, reducing waste.
Strengthening employee welfare and enhancing governance. The state also highlighted grants and financing opportunities to support businesses in becoming more sustainable and globally competitive.
