ESG Summit | 22nd - 23rd June 2022 | Hybrid Conference | Kuala Lumpur, Malaysia

OVERVIEW

The focus on ESG (Environmental, Social, Governance) has skyrocketed as investors, regulators, and consumers fuel demand for sustainable firms and investments. In 2021, the importance of ESG becoming a key area of focus for a range of stakeholders, particularly in the boardroom and it proved by the market saw a $120 billion influx into ESG exchange-traded funds, more than doubling the previous year’s $51.1 billion. According to Bloomberg, global ESG assets are on track to exceed $53 trillion by 2025, representing more than a third of the $140.5 trillion in projected total assets under management (AUM). Further, Skadden’s current assessments estimate that there are more than $330 billion in assets undermanagement in ESG funds, with the creation of more ESG funds expected in 2022.

Looking closer to the region, under the 12th Malaysia Plan (12MP, 2021-2025), the Government had stressed its commitment to transform Malaysia into a carbon-neutral economy by 2050 with private enterprises also taking the same step. According The Edge Malaysia, the most recent and palpable effect was seen in the sharp selldown in stocks of
electronics manufacturing service (EMS) providers when news of forced labour involving local companies emerged and resulted the Employees Provident Fund reacted swiftly to one of cases, selling 21.67 million shares in the EMS counter and ceasing to be a substantial shareholder the very same day.