Sustainability
Bursa Malaysia has always advocated corporate responsibility as key to sustainability. Today, sustainability, which supports stakeholder value creation, should be the main focus of every responsible company.
Tip of the Week: Approximately only 10 percent of every landfill can be cleaned up.
Introduction
Role of Governments & Businesses in Sustainability
Corporations are Amongst the Largest Economic Entities
According to data released by Fortune Magazine and the World Bank, companies consist of more than 60% of the 150 largest global economic entities.
This growing global economic dominance of companies highlights the degree of influence companies have on global issues and the high level of accountability placed on companies to act responsibly in their economic, social and environmental management.
Governments Should Take the Lead
The majority of business executives believe governments should lead the behavioural changes that will both guide and encourage companies to address issues such as climate change.71% of businesses believe governments, either alone or in cooperation with the private sector and individuals, should provide leadership1.
Who should have primary responsibility for leading behavioural change in relation to climate change?1
1 PricewaterhouseCoopers, "Appetite for Change", 2010