Ninety-seven per cent of Malaysia's top 100 companies by revenue, have reported on their sustainable business practices, according to the KPMG Survey of Corporate Responsibility Reporting 2017.
According to Kasturi Nathan, KPMG Management and Risk Consulting Sdn Bhd, Head of Governance and Sustainability, this has been mainly driven by a mix of new regulations, stock exchange requirements and investor pressure. At the Sustainable Brands Kuala Lumpur 2019 conference, Kasturi said that the sustainable practices are a necessity and the only means for business to continue existing.
“Companies are not adopting sustainability as a brand new skill set, but rather unearthing them from traditional responsible business conduct and sound risk management practices, which in turn will govern their reputations and social licences to operate,” she told Bernama on the sidelines of the conference.
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This news article is published in "The Edge Financial Daily".