On 31 October 2023, the ESG Impact Awards Launch 2023 provided a platform for influential leaders and forward-thinking companies committed to making a profound impact on the environment and society through ESG practices.

MIDA’s Executive Director, Investment Policy Advocacy (Manufacturing), Ms. Masni Muhammad, graced the event as the guest of honour. Alongside her were Mr. Alex Yeow, Group Chief Executive Officer of Star Media Group, and Mr. Jeffrey Teoh, Managing Director of Wholesale Banking at OCBC Bank (Malaysia) Berhad.

Ms. Masni delivered the keynote address for the event, where she emphasised on the Government’s initiatives for sustainable development through the Mid-Term Review of the Twelfth Malaysia Plan (12MP) and MADANI Economy Framework. In addition to this, two new initiatives were launched under the Government’s national strategic policy framework; Malaysia’s New Industrial Master Plan (NIMP) 2030 to Push for Net Zero emphasising Malaysia’s commitment to reduce carbon emissions as well as the National Industry Environmental, Social and Governance (ESG) Framework (i-ESG Framework) 2023 to prepare the nation’s manufacturing sector to embrace ESG principles.

The event also celebrated the winners of the ESG Positive Impact Awards for 2022, who proudly showcased their products and services that exemplify ESG excellence. Among these champions was Geomax Rubber, crafting high-performance eco rubber products from innovative materials, including upcycled Nitrile rubber gloves. Their product range features eco sandals, eco soles, and eco rubber compounds.

The event spotlighted the growing recognition of ESG practices among small and medium-sized businesses in Malaysia, epitomised by Geomax Rubber. These businesses understand that ESG principles extend beyond financial gains, focusing on the enduring sustainability of businesses, benefiting both our planet and people.

This event underscored the escalating interest of investors in ESG-compliant projects. Malaysia’s proactive response in prioritising these requirements will undoubtedly enhance its competitive edge in regional and global markets.

Many are already looking into inclusive hiring practices, sustainable supply chains, climate-change-related environmental practices – all of which will transform how business is done, now and in the future.