Redefining Value means helping companies measure and manage risk, gain competitive advantage and seize new opportunities by understanding environmental, social and governance (ESG) information.
At BCSD Malaysia we do this by building collaborations and developing tools, guidance, case studies, engagement and education opportunities to help companies incorporate environmental, social and governance (ESG) performance into mainstream business and finance system. This in turn ensures that all risks and opportunities are considered in corporate strategy and decision-making and helps lay the foundation for better external disclosure and reporting.
We support the transition of the financial system to reward the most sustainable companies.
We advocate for modernizing corporate governance. Boards are responsible for overseeing key elements of the business strategy and process that keep things running – this should include any and all relevant sustainability issues. The board is also responsible for making sure that the day-to-day management of the business is aligned with long-term value creation. In order for boards to do this better, there should stronger integration of environmental, social and governance (ESG) impacts and dependencies within the overall governance structure.
A robust Enterprise Risk Management (ERM) framework that includes social and environmental aspects preserves value and reduces downside exposure, helping to connect risk, strategy and decision-making while enhancing corporate performance.
BCSD Malaysia, through its Redefining Value Working Group, offers as a safe pre-competitive space in which the leading companies can gather and initiate collaborative action, spearhead new methodologies and advocate for progressive policies to the government of Malaysia and other relevant authorities.
If you wish to know more about the activities of the Redefining Value Working Group or if you wish to join BCSD Malaysia please contact us.