COVID-19 has upended societies, disrupted businesses and left millions unemployed. It is a wake-up call to the magnitude of disruptions we could face if we remain idle towards issues on sustainability. Governments, investors and businesses are taking heed.
The Malaysian government's commitment to catalysing the sustainability agenda is reflected in the recently announced budget measures. The 2021 Budget, which has a special focus on sustainability, is aligned with the United Nations’ (UN) 17 Sustainable Development Goals (SDGs) and is designed to move Malaysia towards a more sustainable future.
In an effort to emerge stronger from COVID-19, it is imperative for businesses to rethink their Environmental, Social, and Governance (ESG) commitments. Embedding more sustainable practices will require combined efforts from businesses, the government, and the public to plan and drive improvements over the long term. This needs to start today for it to have the necessary impact.