MITI has launched the i-ESG framework which is aimed at accelerating the transition to sustainability for Malaysia’s manufacturing sector, especially micro, small, and medium enterprises (MSMEs).
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NewsTranscript
00:00 NIMP 2030 will not only create opportunities for MSMEs, but also safeguard their inclusivity
00:08 in the growth of our manufacturing sector.
00:12 So the NIMP has set out the "what" on ESG.
00:17 As I mentioned earlier, the iESG framework that we are launching today presents the "how".
00:25 Serving as a guide, a roadmap for businesses to integrate ESG considerations in their operations,
00:31 and a tool for regulators to ensure compliance and accountability.
00:36 The iESG framework has three key missions.
00:40 First, to support manufacturing firms to learn, to be agile, and to adopt ESG practices.
00:48 Second, to transform challenges into opportunity.
00:52 Third, to foster symbiotic public-private partnerships for value creation.
00:59 With the iESG framework phase approach, we can achieve our goals within seven years or
01:04 less.
01:06 We will begin with the Just Transition phase, or Phase 1.0, from 2024 to 2026, followed
01:15 by the Accelerate ESG Practices, Phase 2.0, from 2027 to 2030.
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