Companies that ignore ESG considerations will be deprived of equity, debt financing, warns Bursa chairman
MalayMail
17 Feb 2022
Companies that choose to ignore sustainability/environmental, social and governance (ESG) considerations in their business will not be sustainable as they will be deprived of both equity and debt financing to fund their projects.
According to Bursa Malaysia chairman, Tan Sri Abdul Wahid Omar, these companies will have to pay a higher insurance premium to underwrite some of their risks and will have difficulty in recruiting talents to drive their business.
“They will not be able to sell their products or be part of the global supply chain as customers become more discerning in buying only sustainable products in the future,” he said in his welcoming speech at the ESG Corporate Summit, themed “Driving Sustainability and Sustainable Transformation” today.
The summit was jointly organised by The Economic Club of Kuala Lumpur (ECKL) and the KSI Strategic Institute for Asia Pacific.
Link to original article: https://www.malaymail.com/news/malaysia/2022/02/17/companies-that-ignore-esg-considerations-will-be-deprived-of-equity-debt-fi/2042175