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Six global trends in ESG to watch out for in Malaysia in 2024

The global landscape increasingly emphasizes environmental, social, and governance (ESG) considerations. Malaysia, like any other country that intends to export its products and receive foreign direct investment, must adapt and follow international expectations.

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Is the EU Regulation on Deforestation-free products already showing its first effects in Southeast Asia? Indonesia’s actions against forest palm oil plantations and key take-aways for Malaysia

Regulation (EU) 2023/1115 of the European Parliament and of the Council of 31 May 2023 – a piece of legislation passed in the EU last year sounds inconspicuous. The full name of the said Regulation, however – Regulation (EU) 2023/1115 of the European Parliament and of the Council of 31 May 2023 on the making available on the Union market and the export from the Union of certain commodities and products associated with deforestation and forest degradation and repealing Regulation (EU) No 995/2010 (the “Regulation”) – reveals the true scope of the regulation, and has caused uproar in Malaysia recently.

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The extra-territorial effect of ESG-related legislation from the EU: what Malaysian companies should know

In an era where global interconnectedness shapes the landscape of business and sustainability, Europe stands at the forefront of championing Environmental, Social, and Governance (ESG) principles. As corporations grapple with aligning their operations with ethical, environmental, and social standards, the European Union has been implementing the most comprehensive robust ESG laws around the globe.Being unaware of the various Green Deal rules puts Malaysian companies at a considerable disadvantage. This short write-up aims to shed light on the more important ones, covering three ESG-related laws from the EU that every Malaysian company should know about.

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July 11, 2024

Getting the 'G' in ESG right: the Personal Data Protection Act 2010 and obligations for companies operating in Malaysia

In the digital age, the safeguarding of personal data has emerged as a paramount concern for individuals and businesses alike. With the proliferation of internet usage and the digitalisation of corporate operations, the protection of personal information from misuse has become crucial. Indeed, 94% of organisations report that their consumers will not buy their products if data is not properly protectedi. In Malaysia, the Personal Data Protection Act 2010 (PDPA) is landmark legislation for data privacy and protection. It aims to “regulate the processing of personal data in commercial transactions and to provide for matters connected therewith and incidental thereto”ii by providing a legal framework for the collection, processing, and storage of personal data. This article offers a comprehensive overview of the PDPA, focusing on its implications for Malaysian businesses.

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July 11, 2024

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We understand that the landscape of sustainability is ever-evolving. That's why ESG in Malaysia is committed to delivering regular updates, thought-provoking articles, and valuable resources to keep you informed and inspired on your sustainability journey.