Public-listed companies (PLCs) need to focus on three key areas for greater supply chain sustainability, namely governance and integration, engagement and incentives, as well as data and reporting, according to Capital Markets Malaysia (CMM). Although Malaysian PLCs have made significant progress in incorporating environmental, social and governance (ESG) principles as part of their business strategy, there is still more to be done to strengthen sustainability practices within their supply chain, said CMM general manager Navina Balasingam. A new report by CMM found that 80 per cent of Bursa Malaysia’s top 100 companies have ESG governance and oversight in place, but only 55 per cent have incorporated supply chain risks in their overall corporate risks and strategy.

Source: The Edge Markets