ESG compliance can enhance a company’s attractiveness to lenders, says Miti deputy minister Liew Chin Tong.
Investment, trade and industry deputy minister Liew Chin Tong says the trend of requiring businesses to adhere to ESG principles is a global phenomenon.
He said the trend of requiring businesses to adhere to ESG principles is not limited to a single region but rather constitutes a global phenomenon. “It’s a situation where the more ESG adaptability that can actually achieve, the easier one can get funding,” said Liew when responding to a question on whether banks are becoming more stringent with ESG financing.
“For example, some global banks that have branches in Malaysia will push even faster because they have a global commitment,” he added.