Will ESG punish Solar Makers and more...

TWO years after the Environmental, Social, Governance framework READ : Cut Malaysia's Giant Glove makers to size, the country is back in the black books of the framework READ : that has the backing of a fund size as large as US$2.5 trillion.

REUTERS is reporting that the Nasdaq listed First Solar Inc, which has a market capitalisation of US$21.35 billion, that READ : it's own internal audit has revealed that there are traces of force Labour at its solar plant in Kulim, Kedah.

MALAYSIA needs to buck up NOW rather then latter on the ESG front because most businesses today are inter related, and if our solar power players are black listed, it could even theoretically expand  to the country's booming call centre and date centre business. 

READ : YTL expects its solar powered data centre in Johor to start operations next year.

THE same goes if Bursa Malaysia under Umar Swift is too busy  explaining on the complex methodology in tabulating ESG scores instead of taking the bull by its horns in making sure that there is ethical financing behind every purchase of shares on Bursa Malaysia.