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
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[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.
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