Yes, big corps need to cut the greenwashing, but M’sian SMEs don’t get a free pass either
Source: https://vulcanpost.com/795348/greenwashing-small-businesses-esg-malaysia/
Author: Claudia Khaw
ESG refers to a set of non-financial factors that investors are using to evaluate a corporation’s social and environmental goals. Basically, it checks how socially-conscious a company is. Beyond ethics, investors are directly incentivised to invest in green tech. For instance, under Malaysia’s Green Income Tax Exemption (GITE), taxes are exempted for income earned from green technology and certain green assets. However, while the focus on sustainability is commendable, there are those who don’t exactly have the purest intentions. Instead, they’re taking advantage of the situation, and are promoting their own brands as sustainable, but wrongfully so.