Why is sustainability crucial for your business?

Public awareness of climate change has surged, leading to a growing demand for sustainable practices, products, and business conduct.

As investors, consumers, and future talents seek greener strategies, SMEs with strong ESG (Environmental, Social, and Governance) policies gain a competitive edge and visibility.

Discover why ESG matters for your business here.

What Is ESG?

Environmental (E)

The “E” focuses on a business’s impact on the environment, encompassing its carbon footprint, conservation efforts, and pollution prevention policies.

Social (S)

The “S” refers to how a company treats people and its role in society, covering employee treatment, customer service, and giving back to the local community.

Governance (G)

The “G” focuses on how a company is managed, covering leadership, policies, and business practices, an important aspect for investors seeking responsible and well-run companies.

Why should you implement ESG for your business?

ESG equips your company with the resilience needed for both the short and long term. To understand why ESG is increasingly vital for your small business, let’s delve into its key benefits:

1. Green Technology Tax Incentive

In Malaysia, tax incentives encourage small businesses to invest in eco-friendly technology, aiding the country’s shift to a sustainable, low-carbon economy.

For instance, the Investment Tax Allowance (ITA) grants tax deductions for approved green technology projects, as stated by the Malaysian Investment Development Authority (MIDA).

2. Attract new clients, lenders, and investors

Implementing ESG principles in your business can attract new customers, investors, and partners who share similar values, potentially leading to more referrals and partnerships.

3. Enhanced company image and higher brand value

ESG practices can improve your company’s reputation helping you build trust with customers, employees, and other stakeholders.

As consumers – especially Gen Z’s and Millennials – become increasingly conscious of the impact of their purchasing decisions on the environment and society, they are more likely to support businesses that prioritise ESG.

This can lead to increased customer loyalty and improved brand image for your business.

Integrate ESG into your business strategies

Seeking guidance on integrating ESG into your business strategy? We’re here to help.

Contact us today at +6088-233 791 or +6016-844 2928.