Kota Kinabalu: Sabah Housing and Real Estate President Datuk Sr. Chua Soon Ping said Sabah can benefit from more green finance to fund its enterprises and projects if environmental, social, and governance (ESG) standards are adopted and adhered to by most organisations in the state.
Green finance is primarily concerned with providing financial support to sustainable firms and their projects, besides the incentives offered by the Federal Government. ESG is focused on evaluating companies based on their corporate sustainability practices and governance structures.
“There is a strong correlation between brand equity and high environmental, social and governance or ESG scores, since brand value forms a significant portion of intangibles in the market value. Sustainability has become a transformational business topic for decision makers around the world,” he said.
