I believe, China's most underrated leader of the last century, Mr Deng Xiaoping has the anwser to the question ; "It doesn't matter whether a cat is black or white, as long as it catches mice."
WHY is it important for the MADANI cat to catch the ESG mice then ? Well because, for so long now we have ignored some basic facts, eventhough the facts have been given to us in a clear and precise manner.
THE ESG army are already on our shores, with more money invested in Malaysia then the Government itself invest in the country, via the national budget.
CONSIDER this, the Malaysian budget for 2023 READ :is the largest in the country's history, amounting to RM388 billion, but still pales in comparison to the READ : RM 600 billion invested by some 235 ESG mandated fund in Bursa, as an exchange, according to Bursa Malaysia itself.
THAT, folks is an investment of more than 1.5 times the national budget. Therefore it makes sence for MADANI to have common virtues with ESG, and for Malaysia Madani to allocate the F for financing word to accomodate our RM600 billion ESG guest.
THE financing aspect of Madani into ESG is pretty obvious when one looks into the 2023 budget, where the Government has promised to pump in READ : RM12 billion to create the frame work for an environmentallly reponsible Malaysia.
THIS financial commitment fits into the common goal of Malaysia Madani and the ESG frame work, namely better protection of workers rights, eradication of poverty, a just society, creation of a technological literate society and minimising corruption.
ALL the above sectors will not only lead to greater investments into Malaysia but will draw us closer to our major trading partners, specifically China . READ : In China ESG is a national rallying cry backed by trillion dollar funds.
THUS, it comes as no surprise , that in principle China has given a commitment to invest as much as READ :RM170 billion into Malaysia Madani's economic landscape .
AT the end of the day, the Madani in ESG equates to a nation with a higher standard of living, which makes Implementing the Madani framework alongside ESG in Malaysia a very smooth experience.
THE problems, Malaysia Madani is facing is enforcing those ethos.
NEXT : Malaysia seen failing on the Enforcement side.
