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ESG gaining ground in banking

PETALING JAYA: The adoption of environmental, social and governance (ESG) principles in the banking sector is gaining momentum but its success will hinge on embracing the right action. Experts and bankers agree that the adoption of ESG principles in the sector is vital and needs beefing up to ensure a healthy bottom line in the long term despite some hiccups. Ernst & Young (EY) Advisory Services Sdn Bhd director for climate change and sustainability services Arina Kok (pic below) said with the ...
Malaysia General Arina Kok Rafe Haneef Southeast Asia Starhub Group Ernst Young Ey Advisory Services Sdn Bhd

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Climate and environmental Governance: Five years on from the Paris Accord, where are we?

The Paris Agreement was signed exactly five years ago on Dec 12, by 196 nations. It was a breakthrough in global climate governance and cooperation, with a target to limit global warming this century to 1.5°C, and at most, to 2°C. As part of this, each signatory country had committed to its own Nationally Determined Contributions (NDCs) to reduce carbon emissions. However, many countries are not on track to meeting their Paris commitments, and five years on, with more advanced approaches to c...
New Zealand France General United Kingdom Malaysia General South Korea International Financial Reporting Standards

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