Sabah committed to embrace ESG

Sabah committed to embrace ESG

KOTA KINABALU: Chief Minister Datuk Seri Hajiji Noor said Sabah remains steadfast in its commitment to governance transparency and anti-corruption efforts, which will create a conducive environment for business and investment.

“Our adherence to international best practices, including those outlined by the United Nations Sustainable Development Goals (SDGs), underscores our dedication to ethical governance and accountability.

“By upholding principles of transparency and integrity, Sabah strengthens investor confidence and promotes long-term sustainable development,” he said at the Environment, Social, Corporate Governance (ESG) Initiatives Awareness Forum at Magellan Sutera Harbour Resort here today.

Finance Minister Datuk Seri Masidi Manjun delivered his speech. Commending Invest Sabah Berhad (ISB), ESG Sabah Chapter and Universiti Malaysia Sabah (UMS) for successfully co-hosting the ESG Awareness Forum, the Chief Minister said Sabah stands at a pivotal moment in its development journey, where the adoption of ESG principles is not only essential but imperative.

“It is the State Government’s commitment to embrace ESG not only to enhance our environmental stewardship, but also strengthen our social fabric and governance structures, paving the way for a more resilient and prosperous future,” he said.

Hajiji said countries across the globe have recognised the transformative power of ESG and have integrated these principles into their policymaking and business practices, while many business organisations have implemented comprehensive ESG frameworks, prioritising sustainability in their operations and investments.

Similarly, he said countries like Norway and Denmark have demonstrated leadership in renewable energy adoption and social welfare initiatives, serving as beacons of inspiration for nations aspiring to achieve sustainable development.

“I am happy to share that in line with our commitment to ecosystem restoration, Sabah has undertaken extensive reforestation programmes, planting over two million trees across degraded landscapes.

“These efforts not only enhance biodiversity but also contribute to carbon sequestration, mitigating the impacts of climate change on a global scale. Hence, by integrating social and environmental considerations, Sabah’s reforestation initiatives exemplify the holistic approach advocated by ESG principles,” he said.


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