: Malaysia is on the right track towards sustainability by 2050 and to date, at least 44 out of 54 Sustainable and Responsible Investment Funds have been approved by the Securities Commission Malaysian within two years.said the government is committed to implement development projects and programmes that prioritise environmental, social and governance principles in line with the United Nations’ Sustainable Development Goals .
“Global ESG assets are estimated to exceed US$53 trillion by 2025, over one-third of the projected US$140.5 trillion total assets under management,” he said. He said the PGG included, among others, recommendations to establish a governance structure for the oversight of ESG elements in future investment strategies.
Meanwhile, Tengku Zafrul said overall, the government has channeled RM20.958 billion to 357,988 employers through the Wage Subsidy Program to maintain the employment of 2,960,265 local workers in an effort to reduce the unemployment rate among Malaysian.
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