Purpose The present digital era has integrated the conventional telecommunications companies as service providers in this ever-competitive environment. Towards gaining business competitiveness, businesses are operated from the stance of dynamic business model that places focus on both economic activities and, more importantly, value-added benefits. One essential value embedded into business strategies refers to the aspect of sustainability in conjunction to environmental social governance (ESG). Within the context of Malaysia, ESG practices have been expected to grow rapidly in years to come, along with the vision of becoming a digital economy nation, by 2050. The continuous discussions appear to support the significance of implementing ESG practices amidst organizations, which in turn, could enhance a more sustainable economic growth for the country. Although many studies have probed into the dimensions of ESG, little attention has been given to the ESG practices incorporated into business strategy agenda. Design/methodology/approach This paper combed through the literature to retrieve the multi-dimensions of ESG concepts, as well as related in-depth insights into ESG disclosures amongst leading companies established in Malaysia. As for the research design, this study used the content analysis method and the ESG Grid as the benchmarking tool to explore superior commitments amongst its peers. Findings As a result, this study stumbled upon two major outcomes: the pattern of ESG disclosures in telecommunications industry and the approaches in implementing ESG practices in telecommunications companies. These two aspects appear essential to establish a competitive advantage, apart from addressing the issues raised by concerned stakeholders. Research limitations/implications Future studies may explore deeper into comprehending the ESG practices by using the interview method and incorporating other industry or arena. Practical implications The decisions made by the companies to invest in ESG practices mark the ability of a company in devising viable survival strategies within the industry. Originality/value Hence, this study offers several vital insights into the practical value to learn from the best experiences, aside from analyzing the current progress of ESG practices within the context of developing nation.
Today, the issue of corporate environmental practice has been discussed extensively in research and operation because the future of sustainability is at stake. Thus, this paper’s objectives are 1) to understand the corporate environmental practice and 2) to determine the key factors of successful corporate environmental practice. Data were gathered from semi-structured interviews with representatives from several prominent Public Listed Companies (PLCs) in Malaysia, which are the pioneer in this area. Findings from this study reveal that companies should have clear environmental guidelines, and most importantly enhanced data governance for greater corporate environmental practice. The conclusion discusses the continuous improvement in navigating and planning future research. Keywords: Corporate environmental practics; Operationalisation, Data governance; Resilience eISSN: 2398-4287© 2020. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia. DOI: https://doi.org/10.21834/ebpj.v5i15.2421.
Sustainability has received a great deal of criticism, particularly the development of strategies, operationalization and implementation of those strategies. The study aimed to understand environmental practices in business operations and identify the internal business factors that influence the success of environmental practices. Semi-structured interviews were used to gather information from Malaysian Public-Listed Companies (PLCs) that significantly contributed to the advancement of sustainable development in the country. This study suggests a comprehensive set of data to investigate comparative analysis based on different industries for better insights. Keywords: Sustainability, environmental, social, internal business factors eISSN: 2398-4287© 2021. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians/Africans/Arabians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia. DOI:https://doi.org/10.21834/ebpj.v6i18.3015
The effects of Covid-19 are continuing to increase around the world as the pandemic claims millions of lives. Malaysia is no exception and has been remarkably affected by the pandemic. Apart from the number of people who are or have been infected with this virus, millions of people are directly or indirectly facing many challenges to their living. The challenges include increased cost of living, income reduction or losses, decreased purchasing power, and unemployment, along with other societal issues created by the pandemic. This study contextualised the implications of the pandemic on consumers’ burden in Malaysia, focusing on the cost of living and unemployment. Observations on prices, inflation, and unemployment rates were conducted to provide meaningful evidence. Major findings revealed that the cost of living has risen, contributed by the increase in prices, especially for food items, healthcare, and education. The unemployment rate also expanded due to the lockdown measures, which led to income losses and reduction. The Covid-19 pandemic has brought challenges to the consumers as measures taken to curb the pandemic have altered many aspects of life and increased the consumers’ burden. Although the inflation rate remains manageable, a major concern lies in many people’s income reduction or income losses. This study implies that the government, together with private institutions and NGOs, needs to work hand in hand to minimise the consumers’ financial burden, especially during this pandemic. It is hoped that the discussion presented in this paper would shed light on the impact of the pandemic on consumers’ burden in Malaysia.
pay dividends and grant stock options at the same time. Therefore, this study suggests that companies need to restructure their compensation plan thus balancing the stock options granted and dividends paid in the future.
This study contributes to the existing literature on corporate Environmental Social Governance (ESG) by examining the relationship between ESG performance and firm performance. The scope of ESG practices across Malaysian Public Listed Companies (PLCs) in various risk-level industries (i.e., high, medium, and low) is investigated in this study. The resource-based view (RBV) was applied to a sample of pioneer ESG companies with seven years of observations extracted from Bloomberg's ESG data. The quantitative method employed was panel data, specifically, the seemingly unrelated regression (SUR) model and comparison of different levels of risk sectors (high, medium, and low), with the aim of achieving robust results. Based on trend analysis, the medium-risk sectors and governance mean performance exhibited the best achievement in seven years of observation. Tobin's Q demonstrated that the market value and replacement value of physical assets are more reliable indicators of asset utilisation in the medium-risk sector than the ROA. While all PLCs across all industries receive green efforts, medium-risk sectors, such as housebuilders and developers, telecommunications, and consumer goods, are proactive in offering green products and services that directly impact consumers' daily lives. However, there is development potential and an extraordinary opportunity for both high-risk and low-risk industries. Improved planning and a more favourable business climate would enable all industries to widen their ESG objectives. Simultaneously, it is possible to identify and replicate the best practices in medium-risk ESGs to advance and attract investment in these two sectors. This study adds to the existing body of knowledge about the impact of business accountability and responsibility by examining cross-sector risk in Malaysia, a previously unstudied context.
The COVID-19 pandemic has caused business closures and increased infection rates in many countries in the world including Malaysia. Many stakeholders have questions about the sustainability agenda and how Small and Medium-sized Enterprises (SMEs) can naturally fit into it to demonstrate that they are part of the solution. Hence, this paper investigates the issues, contributing factors and feasible solutions that can assist SMEs in Malaysia in achieving Sustainable Development Goals (SDGs) towards business sustainability. The review was carried out using relevant academic journals. The paper also connects business rebuilding to a few factors, including establishing anti-corruption regulations (SDG16), improving connectivity efficiency (SDG9 & SDG12), competitive advantage (SDG12), attracting quality talent (SDG8 & SDG3), sustainability management (SDG8, SDG9 & SDG12), and prioritising workplace diversity (SDG8 & SDG10). This paper demonstrates that in order for all stakeholders to remain competitive in the long run, SMEs must plan and consider the timing of value development. The COVID-19 outbreak had a significant impact on SMEs, but it also gave them a once-in-a-lifetime chance to make their policies and procedures stronger.
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