In response to climate change, an increasing number of countries and corporations have made "net zero" carbon emissions commitments and set deadlines ranging from 2030 to 2050.

The conversation on net zero emissions isn't just confined to large organisations; small and medium enterprises (SMEs), which make up about 90% of global businesses, also need to address their emissions. Phang Oy Cheng, Executive Director (sustainability advisory) at KPMG in Malaysia, says a key driver of net zero initiatives for SMEs is cost-cutting to improve profit margins.

In coming up with a credible net zero plan, Kasturi Nathan, Head of Governance & Sustainability at KPMG in Malaysia, says, "The devil is in the details." Management, for instance, needs to understand the company's exposure to both types of climate-related risks. Companies, she adds, need to develop a robust climate resilience strategy for the short to long term for operations and product portfolios, taking into consideration the different scenarios that could pan out in the future.

Click here to read their thoughts.