ESGAM at the 8th Selangor Smart City and Digital Economy Convention (SDEC 2023)

🌱 Exciting moments at the SME ESG Summit 2023! 🌱

As a panelist in Session 3: “Adopting Green Technologies and Circular Economy Practices in Supply Chains,” ESGAM’s President Adj. Practice Professor Cheah Kok Hoong had the privilege to share insights and ideas on driving sustainability. Here are the key takeaways from the engaging panel session:

🚀 Motivation for ESG Integration:
The motivation behind ESGAM’s commitment lies in championing a sustainable future. The organization’s vision is to connect and empower stakeholders, fostering collaboration to drive positive change. Founded by a group of volunteers and like-minded professionals, ESGAM is on a mission to promote a vibrant ESG ecosystem, particularly helping SMEs and the underserved segment.

💡 Bottlenecks and Starting Points:
Addressing bottlenecks for companies to adopt circular economy and green tech, the major challenge lies in Malaysia SMEs’ readiness, with only 28% as ESG adopters. To overcome this, companies should start with awareness, understanding risk vs. reward, and gaining knowledge on ESG strategies. ESG disclosure and transition are crucial, given the growing demands from investors and the critical threat to companies that are not sustainable in the evolving ecosystem.

🌐 Advancing Adoption in the Coming Decade:
In the concluding remarks advocating for action, the trend foreseen for advancing green tech and circular economy adoption is the growing demand for sustainability. The critical threat of irrelevance to businesses not embracing sustainability, coupled with increasing investor expectations, is a driving force. This trend is set to shape the landscape in the coming decade.

Let’s continue the journey towards a sustainable and thriving future! 🌿🌏

#SMEESGSummit #CircularEconomy #GreenTech #SustainabilityLeadership #ESGAM #AdvancingSustainability #SDEC2023