环境、社会和治理(ESG)监管框架的回顾:它们对马来西亚的影响

Kuok Ho Daniel Tang
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引用次数: 1

摘要

随着对可持续发展的日益重视,许多国家引入了与esg相关的监管框架。这些框架旨在规范和指导基于公司ESG绩效的金融投资,同时确保透明度,以防止与投资产品有关的可持续性相关信息被操纵。本文回顾了不同国家和地区实施的监管和披露框架,以确定其关键组成部分。审查表明,这些监管框架涵盖了环境方面,包括气候变化适应和减缓、气候风险的识别、评估和管理、循环经济实践以及污染预防。它们还涉及社会方面,包括社区发展、员工福利和人权。此外,报告亦包括管治方面,包括反贪措施、公司董事会和管理层的多元化,以及执行尽职调查。对透明度的日益强调强调了披露的重要性。在这方面,披露框架在很大程度上与气候相关财务披露工作组的建议保持一致,其中包括治理、识别和评估风险和机遇的战略、它们对公司财务和运营的影响、通过情景分析建立韧性、风险管理与整体组织风险管理的整合,以及使用指标和目标来衡量绩效。马来西亚可以通过采用全面的监管和披露框架,从整体上解决ESG问题,并在框架中纳入与循环经济和双重重要性相关的要素,从而受益。未来的研究可以集中在标准化的指标和目标的发展,以促进业绩比较。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
A Review of Environmental, Social and Governance (ESG) Regulatory Frameworks: Their Implications on Malaysia
The increasing emphasis on sustainability has led many nations to introduce ESG-related regulatory frameworks. These frameworks aim to regulate and guide financial investments based on the ESG performance of companies while ensuring transparency to prevent the manipulation of sustainability-related information concerning investment products. This article reviews the regulatory and disclosure frameworks implemented in different nations and regions to identify their key components. The review reveals that these regulatory frameworks capture the environmental aspects encompassing climate change adaptation and mitigation, identification, evaluation and management of climate risks, circular economy practices, and pollution prevention. They also cover the social aspects, which include community development, employee welfare, and human rights. Additionally, governance aspects comprising anti-corruption measures, diversity within company boards and management, and the implementation of due diligence were included. The increased emphasis on transparency underscores the importance of disclosure. In this regard, the disclosure frameworks largely align with the recommendations of the Task Force on Climate-related Financial Disclosures, which cover governance, strategies for identifying and assessing risks and opportunities, their impacts on a company's finances and operations, resilience-building through scenario analyses, risk management integration with the overall organizational risk management, and the use of metrics and targets to measure performance. Malaysia could benefit from adopting comprehensive regulatory and disclosure frameworks that address ESG holistically, with elements related to the circular economy and dual materiality included in the frameworks. Future studies could focus on standardizing the development of metrics and targets to facilitate performance comparisons.
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