Environment, Social and Governance or ESG has always been seen as something only MNCs or public-listed companies do. But is this true? The Department of Statistics Malaysia recorded roughly 1.2 million MSMEs which accounts for 97.4% of the total establishments in Malaysia. This translates into a contribution of almost 40% of Malaysia’s GDP with SME exports recorded at more than RM 117 billion for 2020. So with that number in mind, can MSMEs still remain on the sidelines when it comes to ESG practices in today’s global market? We will be speaking to Margie Ong, CEO of Thoughts In Gear (TIG) to understand why MSMEs need to join the effort.



Image Credit: Shutterstock | Tanmoythebong

<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.theedgemarkets.com/article/cover-story-its-now-or-never-msmes-can-no-longer-ignore-esg?utm_source=Newswav&amp;utm_medium=Website">Environment, Social and Governance</a> or ESG has always been seen as something only MNCs or public-listed companies do. But is this true? The Department of Statistics Malaysia recorded roughly 1.2 million MSMEs which accounts for 97.4% of the total establishments in Malaysia. This translates into a contribution of almost 40% of Malaysia’s GDP with SME exports recorded at more than RM 117 billion for 2020. So with that number in mind, can MSMEs still remain on the sidelines when it comes to ESG practices in today’s global market? We will be speaking to Margie Ong, CEO of Thoughts In Gear (TIG) to understand why MSMEs need to join the effort.Image Credit: Shutterstock | Tanmoythebong

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Helping you navigate the ever-changing universe of business, from headlines to the bottom line

Enterprise Explores

Getting MSMEs On The ESG Bandwagon

In this episode, Enterprise explores the complexities of digital fragmentation and how businesses can address it to unlock real business value with Michael Bachman, Head of Architecture and AI Strategy at Boomi, a software company that specialises in integration platform as a service, API management, master data management and data preparation.



While data is increasingly valued in today's business landscape, many organisations struggle to bring out its full potential due to a common issue: data fragmentation. This fragmentation occurs when data is spread across various systems and locations, leading to inefficiencies in storage, compliance challenges, and management complexities.



With that, Michael will help us explore the impact of data fragmentation to businesses, strategies to overcome this hurdle for maximising the value of organisational data and the importance of offering the right governance and integration capabilities needed to weave AI into user experiences and business processes.

In this episode, Enterprise explores the complexities of digital fragmentation and how businesses can address it to unlock real business value with Michael Bachman, Head of Architecture and AI Strategy at Boomi, a software company that specialises in integration platform as a service, API management, master data management and data preparation.While data is increasingly valued in today's business landscape, many organisations struggle to bring out its full potential due to a common issue: data fragmentation. This fragmentation occurs when data is spread across various systems and locations, leading to inefficiencies in storage, compliance challenges, and management complexities.With that, Michael will help us explore the impact of data fragmentation to businesses, strategies to overcome this hurdle for maximising the value of organisational data and the importance of offering the right governance and integration capabilities needed to weave AI into user experiences and business processes.

Tackling Digital Fragmentation to Unlock a Real Business Value

With the upcoming launch of the MYStartup Single-window for startups, today we explore how this will streamline startup matters and address the long-standing issue of a fragmentation and disconnect when it comes to startup support and resources from the government.



Joining us for this conversation is Norman Vanhaecke, Group CEO of the Cradle Fund.



Among other things, we’ll get into the specific features and enhancements, how the single-window initiative will streamline the startup ecosystem, and its role in optimizing funding programs and venture capital under a single platform.



We also discuss the connection between MYStartup and initiatives like the Malaysian Startup Ecosystem Roadmap 2021 – 2030 (SUPER) and the MACVAP's Malaysia Venture Capital Roadmap (MVCR), as well as dive into ambitions to have KL ranked among the top 20 global startup ecosystems by 2030 and position KL as a regional startup and digital hub.

With the upcoming launch of the MYStartup Single-window for startups, today we explore how this will streamline startup matters and address the long-standing issue of a fragmentation and disconnect when it comes to startup support and resources from the government.Joining us for this conversation is Norman Vanhaecke, Group CEO of the Cradle Fund.Among other things, we’ll get into the specific features and enhancements, how the single-window initiative will streamline the startup ecosystem, and its role in optimizing funding programs and venture capital under a single platform.We also discuss the connection between MYStartup and initiatives like the Malaysian Startup Ecosystem Roadmap 2021 – 2030 (SUPER) and the MACVAP's Malaysia Venture Capital Roadmap (MVCR), as well as dive into ambitions to have KL ranked among the top 20 global startup ecosystems by 2030 and position KL as a regional startup and digital hub.

How MYStartup’s Single-Window Aims to Streamline the Startup Ecosystem

With nominations for the 23rd edition EY’s Entrepreneur of the Year awards now open, today we dive into the evolution of the awards over the past 2 decades and its current focus with Philip Rao, Partner in Consulting with Ernst & Young, and Entrepreneur of the Year Malaysia Program Director.



Philip breaks down the awards, getting into the differentiation between the 4 categories (Master, Technology, Women and Emerging), the types of companies that are encouraged to apply, the judging process and criteria used to assess nominees, and the EY World Entrepreneur Of The Year (WEOY) award.



Additionally, we discuss the changing landscape of entrepreneurship in Malaysia and how the awards themselves have evolved over the last 23 years.

With nominations for the 23rd edition EY’s Entrepreneur of the Year awards now open, today we dive into the evolution of the awards over the past 2 decades and its current focus with Philip Rao, Partner in Consulting with Ernst &amp; Young, and Entrepreneur of the Year Malaysia Program Director.Philip breaks down the awards, getting into the differentiation between the 4 categories (Master, Technology, Women and Emerging), the types of companies that are encouraged to apply, the judging process and criteria used to assess nominees, and the EY World Entrepreneur Of The Year (WEOY) award.Additionally, we discuss the changing landscape of entrepreneurship in Malaysia and how the awards themselves have evolved over the last 23 years.

Getting MSMEs On The ESG Bandwagon

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