Of sustainability within O&G
The Covid-19 pandemic has shifted investors’ focus towards environmental, social and corporate governance (ESG) in a heightened bid to enhance visibility, transparency and accountability for Corporate Malaysia.
Corporate Malaysia is not one to be left behind. In fact, Malaysia ranks among the top leading countries when it comes to sustainability reporting.
KPMG in a December 2020 survey revealed that 99 of the top 100 companies in Malaysia publish sustainability reports, just behind Japan (100) and ahead of other regional peers such as India (98), Taiwan (93), and Australia (92). The survey also found that 97 of the top 100 companies in Malaysia included sustainability information in their annual reports.
“While Malaysia’s high inclusion rate of sustainability data in annual reporting is driven by Bursa Malaysia, we see this active participation from Malaysian top companies to be an encouraging sign, which sets the tone and example for other jurisdictions to follow,” said Kasturi Nathan, Head of Governance and Sustainability of KPMG in Malaysia.
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KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.