EUROCHAM Malaysia was invited to participate in MITI's National Industry Environmental, Social & Governance Framework or simply ‘i-ESG Framework’ opening ceremony centered on Phase 1.0: “Just Transition”. A day of insights unfolded as we were treated to an illuminating visual presentation delivered by YB Liew Chin Tong, deputy minister of MITI on the i-ESG Framework which aims to help our manufacturing sector embrace sustainability and tap into a $12-trillion ESG market. It’s also part of the Push for Net Zero mission in the New Industrial Master Plan 2030.
The i-ESG Framework focuses on four pillars: standards, financing, capacity building, and market mechanisms, with 17 strategies and 50 deliverables to guide companies, especially MSMEs, toward ESG compliance. Deputy Minister YB Liew Chin Tong says it's a 'how-to' roadmap for businesses to integrate ESG practices and ensure accountability. Phase 1.0 (2024-2026) supports a 'Just Transition' for MSMEs, creating a level playing field.
MITI has highlighted that the i-ESG Framework provides resources such as the ESG Readiness Assessment (i-ESGReady) and the i-ESG Starter Kit (i-ESGStart) to assist companies in evaluating and reporting on their sustainability initiatives. Additionally, MITI is organising clinic sessions to guide 50 companies in creating their initial sustainability reports, fostering ESG awareness. Let's embrace a 'Just Transition' towards a sustainable future, one step at a time!
#MITI #SustainableFuture #iESGFramework #JustTransition #EUROCHAMMalaysia30 #EUMYstrongertogether #eurochammy
