PRESIDENT ’ S MESSAGE
Environmental , Social , Governance
PRESIDENT ’ S MESSAGE
Environmental , Social , Governance or ESG is no more a buzzword but rather a requirement for relevancy and sustainability in the new business environment .
The Ministry of International Trade and Investment or MITI launched the National Industry Environmental , Social and Governance Framework ( i-ESG Framework ) in October 2023 . Its objective is to accelerate the transition towards sustainable practices among manufacturing companies , with four key pillars - standards , financing , capacity building , and market mechanisms - supported by 17 strategies , 50 deliverables , and six key enablers . Meanwhile , Bursa Malaysia also unveiled the Bursa Malaysia ESG Reporting Platform in 2023 for listed companies .
The above messages are clear signals for the engineering fraternities and the Engineering Consultancy Practices ( ECP ) to embark on ESG early to gain an early foothold on this new trend to stay relevant . It is even more important for those involved in the manufacturing and construction industries with the increasing global pressure and drive to adopt ESG in their practices .
ESG as the driving force may be usually associated with financial sectors , policy makers and social activists ; the call for ESG resonates in
the engineering industry in adopting it . The article on ESG in the Engineering Realm- Malaysian Perspective with Global Significance provides an insight into the three ESG pillars of environment , social and governance which are intricately woven into the fabric of engineering . In particular , it emphasises the environmental nexus covering optimised resource utilisation , energy efficiency , waste management and pollution treatment .
The delicate balance between operation and maintenance of Large Scale Solar ( LSS ) farm which are faced with the nuisance of bird droppings by studying and analysing the behaviour of the birds and working in collaboration with avian NGO for solutions reflects the spirit of SDG Goal 17 . The painstaking process and solutions are well documented in the article by TNB Renewables on Energy Sector ’ s Significant Strides in achieving SDGs .
Taking cognisance of the emphasis on ESG in the newly launched New Industrial Master Plan 2030 ( NIMP 2030 ), I urge all engineering fraternities to start the journey early in this respect to stay ahead in the engineering industry .
Datuk Ir . Ahmad Redza bin Ghulam Rasool President , BEM
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