Kota Kinabalu: There is a need for oil and gas (O&G) companies to make Environmental, Social and Governance (ESG) a core business strategy to get ahead as the industry moves forward towards realising green sustainability.
Citing an EY Climate and Institutional Investors Survey, United Nations Global Compact Network Malaysia and Brunei (Johor) State Director Edey Suresh said 88 per cent of investors believe companies that prioritise ESG initiatives represent better opportunities for long-term returns.
He said 92 per cent of investors say that companies with strong ESG performance deserve a premium valuation on their share price.
