ESGAM President Drives Sustainability Discourse at i-Nation Conference 2023: Insights from Telekom Malaysia and MRCB Group on Accelerating Global ESG Transformation
At the i-Nation Conference 2023 hosted by MRANTI, Adj. Practice Professor Cheah Kok Hoong, President of ESG Association of Malaysia, led a dynamic panel featuring Puan Majidah Hashim from Telekom Malaysia and Mr. Amarjit Chhina from MRCB Group. The discussion, “Unlocking ESG Transformation: Accelerating Environmental and Sustainable Transition Globally,” emphasized the imperative nature of ESG principles in aligning business success with societal well-being.
Puan Majidah Hashim stressed that organizations can integrate ESG principles effectively by treating them as a value proposition rather than a cost burden. This includes using ESG tools for lower energy consumption, demonstrating cost savings and aligning with consumer preferences for ESG-focused companies. Embracing ESG practices contributes to long-term value creation for businesses, with evidence showing that all ESG risks are ultimately financial risks. Telekom Malaysia’s approach includes changing mindsets within the company through initiatives like work from home to cut carbon consumption and positioning digitalization as a value proposition.
Mr Amarjit Chhina emphasized that businesses can navigate the complexities of measuring and reporting their ESG performance by looking at customer bases, benchmarking from industry leaders, and conducting due diligence on supply chains. Starting small and avoiding unnecessary complications is key. Promising technologies for achieving ESG goals globally include electrification, solar, and green hydrogen. Businesses should focus on setting achievable targets, starting with tracking electricity consumption as the first step.
Start now, set targets, and track progress for a sustainable future.
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