Summary Govt to ramp up implementation of ESG-related strategies in Budget 2023 mof.gov.my
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One Line
Malaysia aims to incorporate ESG strategies in Budget 2023 to prioritize sustainability, digital inclusivity, and collaborative efforts for long-term transformation.
Slides
Slide Presentation (9 slides)
Key Points
- The government of Malaysia is focusing on implementing ESG-related strategies in Budget 2023.
- These strategies are seen as key enablers for Malaysia's transition to long-term reforms.
- Budget 2023 aims to prioritize holistic development and well-being, with a focus on improving income opportunities for all.
- The government plans to ramp up the implementation of sustainability strategies and measures under Budget 2022.
- The Finance Minister emphasizes the need for a common sustainability vision and the involvement of both the public and private sectors.
- The government recognizes the need to bridge digital divides and accelerate connectivity, while also considering the environmental impact of digital development.
Summaries
20 word summary
Malaysia plans to implement ESG strategies in Budget 2023, focusing on sustainability, bridging digital divides, and collaboration for lasting transformation.
66 word summary
The Malaysian government will implement ESG-related strategies in Budget 2023 to promote holistic development, well-being, and income opportunities. The Finance Minister emphasized sustainability and the need for support from public and private sectors. The government will prioritize sustainability measures and bridge digital divides while aiming for 5G coverage in 80% of populated areas by 2024. Collaboration and a shared sustainability vision are essential for lasting transformation.
146 word summary
The Malaysian government is committed to implementing ESG-related strategies in Budget 2023. These priorities align with the 12th Malaysia Plan and aim to facilitate holistic development, well-being, and improved income opportunities. The Finance Minister emphasized sustainability and called for support from the public and private sectors. The government plans to ramp up the implementation of sustainability strategies and measures under Budget 2022. The Finance Minister also highlighted the link between sustainability and technology, acknowledging the need to bridge digital divides while addressing environmental effects. Malaysia is accelerating its connectivity agenda, aiming for 5G coverage in 80% of populated areas by the end of 2024. The government's focus on ESG-related strategies reflects its commitment to sustainable development and addressing key structural issues. It aims to improve well-being, income opportunities, and connectivity while minimizing environmental impacts. Collaboration and a common sustainability vision are crucial for achieving lasting transformation.
357 word summary
The Malaysian government is committed to implementing environmental, social, and corporate governance (ESG)-related strategies in Budget 2023, according to Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz. These priorities align with the 12th Malaysia Plan and aim to facilitate holistic development and well-being, as well as improved income opportunities for all. Tengku Zafrul emphasized the importance of sustainability and called for the whole nation, including the public and private sectors, to support a common sustainability vision. The government plans to ramp up the implementation of sustainability strategies and measures under Budget 2022 to support Malaysia's long-term ESG-based aspirations.
Tengku Zafrul also highlighted the link between sustainability and technology, noting that the information and communications technology sector is responsible for a significant portion of global carbon emissions. He acknowledged the need to bridge digital divides while also addressing the adverse environmental effects of unchecked digital development. Malaysia is accelerating its connectivity agenda, aiming for 5G coverage in 80% of populated areas by the end of 2024.
The Finance Minister emphasized the importance of innovation and connectivity, stating that they must continue to flourish while minimizing adverse environmental impacts. He called for collaboration to realize shared benefits without harming the environment.
Overall, the Malaysian government's focus on ESG-related strategies in Budget 2023 reflects its commitment to sustainable development and addressing key structural issues exacerbated by the pandemic. The government aims to transition from the current recovery phase to longer-term reforms outlined in the 12th Malaysia Plan. By prioritizing sustainability and technology, Malaysia seeks to improve well-being, income opportunities, and connectivity while minimizing environmental impacts.
This commitment aligns with the government's efforts to bridge digital divides and ensure widespread access to technology. However, it also recognizes the need to address the environmental effects of digital development. Collaboration and a common sustainability vision are crucial for achieving lasting transformation and mitigating the impact of climate change-related disasters.
The government's focus on ESG-related strategies in Budget 2023 underscores its recognition of the urgency to address environmental and social issues. By prioritizing sustainability, Malaysia aims to create a more resilient and inclusive society while minimizing the adverse effects of technology on the environment.