School of Business: Annual Report 2023 | Page 45

LEARN INNOVATE ENGAGE engagement & impact
ENGAGEMENT THROUGH DIALOGUE
We feature a series of engaging and enlightening panel discussions that bridge academia and industry . This vibrant interchange of ideas , perspectives , and experiences serve as a valuable engagement platform for delving into essential topics at the forefront of our industry .
ENABLING RESPONSIBLE MANAGEMENT
Board Chairperson Leadership for Sustainability Actions 3 March 2023 PARTNER : UN Global Compact Malaysia & Brunei
In championing responsible management , this roundtable was convened to understand how board chairpersons of Malaysia ’ s leading businesses drive sustainability in organisations through value-based decisions . Our panellists emphasised the critical role of embracing organisational values in driving sustainability initiatives .
Panellists
• Tan Sri Dato ’ Sri Zamzamzairani Mohd Isa , Chairperson , Malayan Banking Bhd
• Tan Sri Che Khalib Mohamad Noh , Chairperson , Pelabuhan Tanjung Pelepas
• Tunku Alizakri Alias , Chairperson , Malaysia Venture Capital Management Bhd
• Datuk Yvonne Chia , Chairperson , Cradle Fund
• Dr Tunku Alina Alias , Chairperson , J A Russell & Co .
• Moderator : Pik-Yee Foong , Independent Non-Executive Director , Ambank and Chairperson of the School of Business Industry Advisory Board
Key insights
• Board members should fully embrace the values that underpin sustainability efforts , moving beyond mere compliance to genuine belief in these principles .
• Importance of developing an ESG risk management framework that aligns with organisational goals and includes both shortterm and long-term sustainability plans .
• Importance of simplicity and practicality in sustainability commitments to ensure they are achievable and impactful .
• Significance of integrating sustainability values into core organisational functions and decision-making processes , emphasising the role of board members in steering companies toward sustainable practices .
SBTi Symposium 2023 : An Evidence-based Blueprint for Climate Action 6 June 2023 PARTNER : UN Global Compact Malaysia & Brunei
With 300 Malaysian business leaders and global climate experts in attendance , this symposium highlighted how adopting science-based targets equips Malaysian businesses with tools to make strategic decisions towards reducing their environmental impact . Setting science-based targets not only promotes planetary health but also uncovers opportunities for sustainable growth and profitability , showing the synergy between ecological responsibility and business success .
Key insights
• Private sector plays a vital role in the national agenda of reducing carbon emissions and combating climate change , with businesses being essential in developing innovative solutions .
• Businesses need to actively engage with stakeholders , overcome challenges , and seize opportunities to accelerate climate action .
• Committing to Science Based Targets ( SBTi ) should be seen as a strategic move towards fostering business resilience and creating long-term value , rather than as an imposition or burden . p 43