Finance professionals in the Apac region including Malaysia must prepare to meet growing demands for socially responsible practices, ensuring their organisations are well-positioned for future regulatory requirements.Finance and accountancy professionals must confront wage inequality and take a leading role in promoting sustainable business practices, according to a report published by ACCA Global, Shift, and Forvis Mazars.
It emphasises that compensating workers below a living wage hinders the preservation and development of human capital. Additionally, the report underscores the undeniable link between living wages and sustainability, with 87% of Malaysia-based survey respondents acknowledging this connection. This framework seeks to elevate Malaysia’s dignity and status by focusing on two primary objectives: restructuring the economy to establish Malaysia as a leader among Asian economies and ensuring that the resulting wealth is equitably shared by theBy advocating for living wages, finance professionals in Malaysia can align business practices with national development goals.
“Finance professionals in the Apac region including Malaysia must prepare to meet these growing demands for socially responsible practices, ensuring their organisations are well-positioned for future regulatory requirements,” the report stated. Shift president and co-founder Caroline Rees emphasised that a living wage is a fundamental human right.
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