Miti: Govt plans investment ‘scorecard’ focusing on ESG, job creation and economic complexity to evaluate investments, drive high-value growth

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Ministry Of Investment News

Trade And Industry Miti,Liew Chin Tong,Scorecard

KUALA LUMPUR, Oct 15 — The government is looking at having a clear scorecard focused on high-quality investments and incentives to align with the National Investment Aspirations...

Did you get wet too? Klang Valley hit by pockets of flash floods as heavy downpour disrupts morning routine Is working a gig for you? Three Malaysians share their reasons for taking it up, and what they consider boons and banes of their jobsDeputy Minister of Investment, Trade and Industry Liew Chin Tong said the government is looking at having a clear scorecard focused on high-quality investments and incentives to align with the National Investment Aspirations and New Industrial Master Plan.

“Whatever we do today we must build Malaysia’s research and development . We must build Malaysian technological capability,” he said in his keynote speech at the SC-World Bank Conference 2024 today. At the event, the SC and the World Bank launched a joint report “ESG Disclosure Assessment of Malaysia’s Listed Companies and Recommendations for Policy Development” which provides a baseline on ESG reporting practice in Malaysia. The report offers insights for companies and investors to enhance sustainability reporting to align with international best practices and remain competitive.

SC executive director of Islamic Capital Market Sharifatul Hanizah Said Ali emphasised the importance of strengthening ESG disclosures amid growing global demand for sustainable investments. However, the report also points out gaps in specific environmental indicators, especially those related to climate change and biodiversity.

 

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