BNM said during a media workshop Sustainability in Financial Sector: Greening Finance and Financing Green, "The central bank noted that the global enforcement of ESG regulations by certain countries, such as those in the European Union, this may affect the way SMEs do business in the future, especially when demand for suppliers to comply with ESG practices continues to rise."
"Besides, survivability would be one of the significant reasons for SMEs to integrate ESG in their business."
"There will be some costs and investments for SMEs to undertake transition measures but it will provide long-term benefits for the business,”.
