The COVID-19 lesson: Wise up for corporate sustainability in Malaysia

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The prolonged COVID-19 pandemic in Malaysia with the continuous lockdown measure implementation has caused liquidity issues to the businesses in Malaysia. The MCO, EMCO, CMCO, FMCO… if you are familiar.

Of course, there are some sectors that are flourish during this pandemic such as medical equipment, hand gloves to name a few.

In fact, this pandemic is a wake-up call for corporate sustainability in Malaysia.

Before its too late!

The COVID-19 pandemic highlighted the impact of our businesses and lifestyles have on the environment and biodiversity. Besides systemic inequalities, such as access to healthcare and green spaces, internet connectivity, work and education opportunities. These issues will have significant implications on the sustainability of resources in our communities and wider society.

According to PwC Malaysia,  this is an opportunity for corporates to build trust with their stakeholders, by showing their commitment to addressing ESG issues before it’s too late. ESG is the acronym for Environmental, Social, and (Corporate) Governance

A combined effort from businesses, the government, and the public is needed to drive improvements in environmental and social practices.

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