ESG related projects require RM45b financing in next 5 years

KUALA LUMPUR: The United Nations Global Compact (UNGC) has projected that the market for environmental, social, and governance (ESG)-related projects in Malaysia will require financing of about RM45 billion in the next five years.

UNGC Malaysia and Brunei chairperson Ramesh Kana said due to the enormous funding requirements, public sector financing alone would be insufficient given the strain it imposed on public finances.