NIMP 2030 highlights the importance of ESG

KUALA LUMPUR (Sept 4): One of the six goals of the New Industrial Manufacturing Plan (NIMP) 2030 that was released last Friday (Sept 1) is to enhance ESG (environment, social and governance) practices in Malaysia’s manufacturing sector.

This is meant to de-risk the economy against ESG factors, increase Malaysia’s attractiveness as an investment destination, and ensure Malaysia’s exporters enjoy continued access to ESG-sensitive markets.

Additionally, by driving green manufacturing practices and transitioning towards net zero emissions, Malaysia can position itself as a leader in green solutions and develop new growth sectors.