A Descriptive Study on Environmental, Social and Governance Performance in Malaysian Public Listed Companies

Abstract Malaysian public listed companies (PLCs) stand out in the ASEAN region for their commendable performance in environmental, social, and governance (ESG) factors, as evidenced by prominent ESG indicators. This study evaluates the ESG performance of 66 Malaysian companies, emphasising ESG assessment, sector-specific insights, and categorisation. Notably, a substantial number of these companies emerge as top-tier ESG performers. The findings shed light on the evolving corporate landscape in Malaysia, showcasing a steady commitment to sustainability aligning with the nation’s drive for sustainable investment. Governance takes precedence over environmental and social objectives, revealing a strategic focus among these companies. The ESG strategies employed demonstrate a high degree of maturity, strategic orientation, and a longterm perspective, aimed at enhancing corporate competitiveness while contributing to societal well-being. Despite their impressive ESG standing, this study reveals that controversies often accompany top-tier performers. The paper provides valuable insights into the determinants influencing ESG performance within these organisations, offering pertinent information for policymakers, investors, and stakeholders committed to fostering sustainable business practices in the Malaysian context.