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Sultan wants Malaysian businesses to share their ESG plans

 (Bernama pic)
There must be transparency in the provision of sustainability data, Sultan Nazrin told Malaysian corporations. (Bernama pic)

KUALA LUMPUR: Sultan Nazrin Shah of Perak has proposed that Malaysian businesses be more open with their environmental, social and governance (ESG) commitments.

He said this could be done by setting up and maintaining a corporate sustainability open data (CSOD) online platform on which relevant data on all sustainability-related issues was freely available to the public.

“Transparent provision of credible and comprehensive sustainability data should become an essential aspect of ESG commitments by corporations,” he said in his royal address at the Global Compact Asean ESG Summit here today.

The sultan said this should be undertaken voluntarily by companies, going beyond the mandatory sustainability reporting schemes that they are already subject to now.

He added that the CSODs should also provide information on the company’s future sustainability goals so that the public can keep track of their implementation and progress.

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