ESG for SMEs: A necessary but complex need
The dilemma most SMEs are faced with is whether to invest in ESG, instead of regarding ESG as part of their (already very high) expenses. It presents like a chicken and egg situation, as many are told sustainability practices are needed for business resilience. And with rising overheads and interest rates, the urgency of short-term persistence overrides long-term investment into sustainability practices.
“This mindset arises from the general lack of business case studies that demonstrate the value of sound sustainability practices,” shares Phang Oy Cheng, Head of Sustainability Advisory Services at KPMG in Malaysia. She believes that with solid sustainability practices, “companies will be able to track and monitor wastages within their organization, thereby leading to cost-reductions and operational efficiencies.”
Read the full story published via the attached:
Media queries?
For media-related queries, please email marcom@kpmg.com.my