NEWS: i-ESG to accelerate sustainability transition

The Edge TV

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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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.

01:23 [BLANK_AUDIO]

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