The Edge Malaysia ESG Awards 2024 was significant, thanks to the wider range of public listed companies (PLCs) in the fray and new award categories.

Editor’s note

As the pressure for businesses to adopt ESG continues, the private sector and investors play a crucial role in the transition towards a low carbon economy, Deputy Prime Minister and Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof said at The Edge Malaysia ESG Awards 2024.

Driving decarbonisation through innovation and resilience

The biggest winner in the PLC category was Vitrox Corporation Bhd (KL:VITROX), which took home two gold awards for being the best performer in the technology sector and for the most improved ESG performance over a three-year period for companies with a market capitalisation of over RM5 billion.

Emerging star award introduced to recognise best new performers

George Kent (M) Bhd’s (KL:GKENT) dedication to sustainability has been rewarded with a gold win in the construction category of The Edge Malaysia ESG Awards 2024.

George Kent bags gold in construction sector

MGB Bhd (KL: MGB) has won the silver award in the construction category for the second year in a row at The Edge Malaysia ESG Awards 2024.

MGB Bhd wins silver award two years in a row

The Edge Malaysia ESG Awards 2024 sees first-time winner Karex Bhd (KL:KAREX) taking home gold for being the best performer in the consumer products and services sector. Its CEO Goh Miah Kiat attributes the win to the company shifting away from its reliance on migrant workers, having frozen the hiring of new migrant workers since 2019.

Karex Bhd focuses on hiring and retaining local talent

Nestlé (M) Bhd (KL:NESTLE), which emerged as a silver award winner in the consumer products and services sector at The Edge Malaysia ESG Awards 2024, has been championing initiatives such as its Project Save that manage post-consumer waste, emphasise plastic neutrality and drive the transition towards a circular economy.

Nestlé Malaysia champions the circular economy

For the second year running, Deleum Bhd (KL:DELEUM) has emerged as the gold winner in the energy sector at The Edge Mal...

Deleum prioritises ESG principles to drive operational efficiency

Wasco Bhd (KL:WASCO) has won two silver awards in The Edge Malaysia ESG Awards 2024, for best  performer in the energy sector and most improved ESG performance over three years for companies with a market cap between RM800 million and RM5 billion.

Wasco aims for responsible and sustainable practices

CIMB Group (KL:CIMB) took home the gold award in the financial services category at The Edge Malaysia ESG Awards 2024. The company attributed the win to its focus on finding ways to systematically create synergy across its value chain.

CIMB sees sustainable finance from an ecosystem perspective

Allianz Malaysia Bhd (KL:ALLIANZ) won the silver award in the financial services sector at The Edge Malaysia ESG Awards 2024. This is thanks to the company’s team spirit and the commitment of its stakeholders, namely the board, senior management and operational managers.

Sustainability more than just a tick in the box for Allianz

For the second year in a row, Duopharma Biotech Bhd (KLSE:DPHARMA) has won gold in the healthcare sector at The Edge Malaysia ESG Awards 2024. Group managing director Leonard Ariff Abdul Shatar says one of the achievements he is proudest of is the progress made in the company’s climate action efforts.

Duopharma gets closer to net zero goals

For Hartalega Holdings Bhd (KL:HARTA), which emerged as the silver winner in The Edge Malaysia ESG Awards 2024 healthcare category, a significant milestone in 2024 was becoming the first in the glove industry to announce third-party reviewed carbon footprint data for three of its core products. This has set a new industry ESG benchmark.

Hartalega sets new industry benchmark

Petronas Chemicals Group Bhd (KL:PCHEM) has won the silver award in the industrial products and services category at The Edge Malaysia ESG Awards 2024.

PetChem drives innovations in plastics circularity

OM Holdings Ltd’s (KL:OMH) near-term outlook appears cloudy as metal prices soften, while market uncertainties dampen demand for its manganese ore and ferroalloys, said BIMB Securities.

OM Holdings' near-term outlook cloudy as metal prices soften — BIMB

Maybank Investment Bank has warned Asean investors of potential economic turbulence and a surge in trade tensions, amid anticipation of more import tariff hikes if Donald Trump wins a second term as the US president.

Maybank IB tells clients to go defensive, warns of potential economic risks brought by new US president

The liquidator of Semantan Estate (1952) Sdn Bhd, the firm embroiled in the ‘Duta Enclave’ dispute, is appealing against the High Court’s decision on Sept 12 to allow a stay to the Federal Territory Land Registrar of having to register the transfer of ownership from the Malaysian government to the company within three months of its Aug 7 decision.

Semantan Estate liquidator also appealing stay granted to FT Land Registrar

(Nov 5): Standard Chartered Plc is going to use Wise Plc’s payments platform to offer multi-currency money transfers in Asia and the Middle East.

StanChart partners Wise for faster FX transfers in Asia, Middle East

US equity funds saw substantial outflows in the week to Oct 30 as investors exercised caution ahead of Tuesday's presidential election and a Federal Reserve policy decision on Wednesday.

US equity funds record biggest weekly outflow in five weeks

In the world of sports, football is a mean business and is not for the faint-hearted. In Sir Jim Ratcliffe, Britain’s fourth richest man, and co-owner of Manchester United Football Club, you have someone who means business.

Reviving Manchester United, since the legendary manager Sir Ale...

My Say: With Ten Hag sacked, what now Manchester United?

(Nov 5): China’s top legislative body reviewed a proposal to move some off-balance-sheet debt of local governments to their official accounts, paving the way for the first mid-year increase in the borrowing limit since 2015.

The National People’s Congress Standing Committee met on ...

China reviews debt swap plan as top legislature meeting begins

(Nov 5): Foreign investors are souring on India’s stock market, selling a record amount of shares amid signs the South Asian nation’s post-pandemic economic boom is losing steam.

Record foreign exodus casts a pall over India’s stock market

New Zealand's central bank painted a bleak economic picture on Tuesday, citing rising unemployment and delayed business investment plans due to financial hardships.

New Zealand central bank paints grim economic outlook

Stock markets moved sideways and an uneasy calm settled over currencies and bonds, as investors waited for the US to choose a new leader on Tuesday, with polls showing the contest on a knife edge.

Stocks, dollar on tenterhooks with all eyes on US election day

WHILE equity analysts are mixed on the possible outcome of the much-anticipated US presidential election on Tuesday (Nov 5), they observe that investors are taking a wait-and-see approach since a Democratic or Republican victory will have a different impact on market sentiments and performance.

Trump or Harris win will impact market differently, say analysts

Stock&nbsp;markets&nbsp;moved sideways and an uneasy calm settled over currencies and bonds, as investors waited for the US to choose a new leader on Tuesday, with polls showing the contest on a knife edge.

KUALA LUMPUR (Nov 5): The method for determining the T15 group, the search efforts for flight MH370 and measures taken by&nbsp;the government&nbsp;to address delays in&nbsp;flood mitigation projects&nbsp;will be&nbsp;among highlights of Tuesday’s&nbsp;Dewan Rakyat sitting.

MH370 search efforts, T15 determination method among highlights of Parliament on Tuesday

IHH Healthcare Bhd (KL:IHH) has completed the acquisition of Island Hospital, a 600-bed facility in Penang, for an equity consideration of approximately RM3.9 billion.

IHH Healthcare completes acquisition of Island Hospital in Penang for RM3.9 bil

SEATTLE/MONTREAL (Nov 4): Boeing’s US West Coast factory workers were voting on an improved contract offer on Monday, that could end a seven-week strike and restart most jet production at the troubled planemaker.

Boeing workers vote on wage deal that could end strike

Maybank Investment Bank has warned Asean investors of potential economic turbulence and a surge in trade tensions, amid anticipation of more import tariff hikes&nbsp;if Donald Trump wins a second term as the US president.

The liquidator of Semantan Estate (1952) Sdn Bhd, the firm embroiled in the ‘Duta Enclave’ dispute, is appealing against the High Court’s decision on Sept 12&nbsp;to allow a stay to the Federal Territory Land Registrar of having to register the transfer of ownership from the Malaysian government to the company within three months of its Aug 7 decision.

Stocks failed to gain traction and bonds climbed, with polls continuing to depict a tight race in the US presidential election ahead of the Federal Reserve (Fed) rate decision.

Wall Street shuns risk before coin-toss election

Escalating tensions in the Middle East and US relations with China pose the greatest concerns for Big Oil, according to some of the industry’s top executives.

“The conflict in the Middle East is probably the top risk of all right now,” BP plc chief executive officer Murray Auchincloss said during panel discussion at the Adipec summit in Abu Dhabi. “We operate across five or six countries in the region — we are worried obviously about the security of our people and the security of energy supplies.”

Big Oil chiefs see Middle East conflict, China as top concerns

The public have been reminded to be vigilant with the dissemination of invitations for a meeting on the implementation of a 5G tower project and the Jendela 2 project in Sabah, which will allegedly take place at a hotel in the capital on Tuesday.

MCMC warns about fake invitations for 5G tower and Jendela 2 projects

Several industrial firms in China are eyeing investment opportunities in Labuan, particularly within the island's financial and development sectors.&nbsp;

Minister in the Prime Minister's Department (Federal Territories) Dr Zaliha Mustafa emphasised the significance of these interests, underscoring Labuan’s potential as a viable economic hub in Asia.

Chinese industrial firms interested in Labuan, says Zaliha

A late season tropical storm predicted to intensify into a category 2 hurricane in the US&nbsp;Gulf of Mexico this week could reduce US&nbsp;oil production by about four million barrels, researchers said.

Late season storm could disrupt four million barrels of US oil output, researchers say

ON Tuesday, Nov 5, Americans will go to the polls to elect their 47th president. Incumbent Joe Biden’s four-year term of office ends at noon on Jan 20 next year, when a new president will be sworn in. Since mid-July when Biden, 82, announced that he would not seek re-election, the race has litera...

Who will win the US election and should you care?

A security fence rings a Las Vegas building where Nevada tabulates votes. An Arizona sheriff has his department on high alert to guard against potential violence with drones and snipers on standby. Governors of at least three states have called for National Guard troops to help maintain the peace.

US states worried about election unrest take security precautions

In the world of sports, football is a mean business and is not for the faint-hearted. In Sir Jim Ratcliffe, Britain’s fourth richest man, and co-owner of Manchester United Football Club, you have someone who means business.

Reviving Manchester United, since the legendary manager Sir Ale...

KPMG will lay off&nbsp;4%, or about 330 people, of its audit workforce in the US, a source familiar with the matter said on Monday.

Besides KPMG, Ernst &amp; Young, Deloitte, PricewaterhouseCoopers make up the Big Four of accounting firms.

KPMG to lay off 4% of US audit workforce, source says

Melaka plans to set up a consortium to develop idle farming land for paddy farming to increase its paddy production, said State Rural Development, Agriculture and Food Security Committee chairman Datuk Dr Muhamad Akmal Saleh.

Melaka plans to set up consortium to develop abandoned land for paddy farming

CapitaLand Investment (CLI) announced on Tuesday that it had secured S$261 million (RM865.14 million) capital commitment from a new Japanese capital partner, Mitsui OSK&nbsp;Lines, for its Southeast Asia and India private funds.

CapitaLand Investment raises S$261m for Southeast Asia and India funds

North Korea fired an unidentified ballistic missile towards the sea east of the Korean Peninsula, South Korea's Joint Chiefs of Staff said on Tuesday.

South Korean military detects ballistic missile fired by North

(Nov 5):&nbsp;Standard Chartered Plc is going to use Wise Plc’s payments platform to offer multi-currency money transfers in Asia and the Middle East.

The Edge ESG Awards 2024

‌
‌

The Edge ESG Awards 2024

‌‌

‌
‌