Sirim wants more local companies to adopt ESG principles

KUALA LUMPUR: Sirim Berhad hopes more local industries and organisations will adopt the Environmental, Social and Governance (ESG) principles.

Sirim Berhad president and group chief executive officer Datuk Dr Ahmad Sabirin Arshad said Sirim wants to ensure that local industries and organisations in Malaysia were at the forefront in adhering to the ESG principles.

“We want the ESG principles to be adopted by local industries and organisations, big and small, as we want to save the planet for future generations and ensure investments coming in (to the country).

He also said that the adoption of such principles were in line with Malaysia’s commitment towards fulfilling the United Nations’ Sustainable Development Goal (SDG).

Ahmad Sabirin added that this implementation would also help the government especially after prime minister Datuk Seri Anwar Ibrahim mentioned the importance of integrity which touches upon the governance aspect of ESG.

He said plans were underway with the International Trade and Industry Ministry to come up with a new all-in-one certification that encompasses all aspects of the ESG principles.

“This certification will be the first in the world and Sirim is happy to have the support from the government and also key partners, Bursa Malaysia and Bank Negara.

“This certification will aid companies and organisations in applying loans at financial institutions as they now require ESG reporting,” Ahmad Sabirin said at the Majlis SIRIM Industri 2022 event in Kuala Lumpur, here, on Thursday.

The annual event which was held to strengthen the relationship between Sirim and various agencies, as well as acknowledge organisations and companies receiving its certifications, also saw the launch of the joint-venture company, Hunan SIRIM Huasheng Certification and Inspection Co. Ltd.

The event was officiated by the ministry’s deputy secretary- general ( Investment) Datuk Bahria Mohd Tamil.

Also present were Sirim chairman Tan Sri Dr. IAhmad Tajuddin Ali and Sirim QAS International chief executive officer Nur Fadhilah Muhammad.

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