When your customer sends the ESG memo: How big buyers are forcing Malaysia’s SMEs to comply
As the country’s biggest corporations race to meet the year-end sustainability disclosure deadline, the pressure is being felt along their supply chains
Add BT as a preferred source
[KUALA LUMPUR] Malaysia’s army of small suppliers is discovering that environmental, social and governance (ESG) compliance is much more than a buzzword – it is now a business requirement. For many, the message arrived not in a government circular, but in an e-mail from their biggest customer.
As Bursa Malaysia’s phased sustainability reporting requirements take effect – with the largest listed companies facing their first deadline this December – corporations are requiring ESG data from small companies up and down their supply chains.
This is effectively creating a de facto compliance regime for thousands of unlisted businesses that have never been directly regulated.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk
PayPal plans job cuts as its new CEO pursues turnaround strategy
