Sunday 21 May 2023

Anwar Ibrahim holds the Corporate ESG/Madani card, but will he play it.

THE Bursa Malaysia ESG framework guidelines are comprehensive, yet complicated because its a cut and paste job (and hello I know from where you cut and paste from) by Umar Swift's team in Bursa Malaysia. 



WAHID Omar the chairman of Bursa Malaysia, has kept silent, despite having the technical knowledge to rectify the matter.

SO therefore, it is up to Anwar Ibrahim as Finance Minister to make the Corporate ESG/Madani framework easy to understand for the public.

FOR one, the Finance Minister can make it compulsory for state owned funds such as Khazanah Nasional,  EPF and Permodalan Nasional Bhd to divest their stakes in companies which have a poor ESG score , and those who do not comply at all.

ALSO make it mandatory for every company to publish their ESG score prominently in their annual report in an easy to understand manner plus a detailed commitment from the entire board of a company on how their ESG scores will get better, on a yearly basis.