EUROCHAM Malaysia CEO, Mr. Sven Schneider and the team attended the second discussion on the adoption of Environmental, Social, and Governance (ESG) for the manufacturing sector, organised and chaired by YBhg Dato’ Sri Norazman Ayob, Deputy Secretary General, Ministry of International Trade and Industry (MITI)  on January 12, 2023.

The meeting is a continuation of the discussions that occurred on September 6, 2022, focused on the adoption of an ESG framework. This is in line with the Government’s target to become a net-zero carbon emission by 2050 under the 12th Malaysian Plan.

The discussion highlighted the importance of the manufacturing sector in achieving such targets as the sector is a major contributor to the country’s economic growth and development as well as Malaysia’s export earnings. Furthermore, it also focused on the eleven guidelines provided by Bursa which companies have to comply with, most especially when it comes to their Sustainability Reporting. The Ministry emphasised the importance of ESG compliance in the further development and growth of the country, especially when it comes to trading with other nations that adhere to stringent ESG standards and regulations.

We look forward to holding more similar meetings to further strengthen and bolster alliances for a more prosperous EU-Malaysia partnership.

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