I fear, the Anwar Ibrahim government's bid to link the ESG concept to his Madani concept is a recipe that is perfect to confuse the market place. READ :EKONOMI MALAYSIA , AMALAN ESG SERTA PENERAPAN NILAI MADANI.
FOR one by attempting to link ESG to the Madani frame work, breaks a cardinal rule of what ESG is all about. READ: ESG: It’s Not Ideology, It’s Economics.
MOST people in this Madani Government when they talk about ESG will want you to believe thst ESG was a frame work developed in the early 2000.
THE nucleas of ESG was actually developed decades before that to fight the injustices taking place under the racially biased Apartheid regime in South Africa under the guise of social responsibility investing. READ : Apartheid is Over, But Socially Responsible Investing is Not
NOW coming back to ESG in the Malaysian context is, it is lacking the F word. F as in finance, or to put it in plain english, how do we monotise ESG.
THE anwser is very clear on the Environmental side, ie by selling carbon credits. The challenge to the Anwar Ibrahim government should be to show us how to monotise the social responsibility and governance aspects.
WE know how crooks have monotised billions under the ESG guise, but how about the honest businessmen? READ: FTX founder Sam Bankman manipulated ESG to earn billions
