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ESG assistance offered to sector gamers



ESG assistance offered to sector gamers

PRODUCERS in Johor currently have a more clear instructions on just how to apply environment-friendly campaigns to satisfy worldwide criteria, complying with involvement with the authorities.

South Johor Foundry and Engineering Industries Association head of state Lim Kok Kiong stated he rejoiced that Malaysian Investment Development Authority (Mida) connected after discovering participants’ worries.

“Mida got in touch with me after The Star highlighted our association’s concerns and how manufacturers are having a tough time implementing green initiatives to meet international environmental, social and governance (ESG) standards.

“A dialogue between Mida and our association was immediately organised.

“We had an insightful discussion on sustainable development strategies and also received feedback to help industry members o overcome challenges,” Lim stated of the session in Johor Baru.

He stated Mida, led by sustainability department supervisor Syed Kamal Muzaffa Syed Hassan Sagaff, shared cutting-edge carbon-reduction campaigns and success tales.

“The session gave us a clear direction and valuable information such as available incentives and channels to apply for them,” stated Lim.

“Such information is vital as it allows industry players to apply for them directly, which can avoid unnecessary costs and consultation fees.

“We are glad to learn that there are grants that can match up to 50% of our investments, which will definitely help the industry in implementing more green initiatives,” he included.

Lim stated his organization had actually likewise met United Nations Global Compact Network agents.

“We are planning to organise a seminar soon to disseminate the information to our members as well as people from other industries, so that we can collectively make greener decisions in our businesses.

“As industry players, we are also responsible for caring for the environment besides prioritising profits.”

On Nov 4, Lim informed The Star that producers– particularly those associated with export and import– intended to satisfy criteria established by worldwide business however were uncertain regarding where to begin.

He stated absence of standards from the federal government had actually left the sector, particularly tiny and medium-sized business, really feeling limited by international ESG demands.

The sector gamers, he stated, were fretted that their services would certainly be intimidated if they did not adhere to ESG criteria however at the exact same time, did not have sources to purchase environment-friendly modern technology.



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