Progression of Policies and Laws Towards Addressing Climate Change and Sustainability Issues: Recent Initiatives from Malaysia

Mustafa, Maizatun; Sufian, Azlinor; Kader, Sharifah Zubaidah Syed Abdul

doi:10.1007/978-3-319-92828-9_7

Cited by 7 publications

(12 citation statements)

References 2 publications

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“…Therefore, in this case, there is an opportunity for enhancing the quality of disclosure (Haque & Deegan, 2010). However, it was found in previous studies that Malaysian companies are one of the major sources of GHG emission (Mustafa et al, 2012;Ahmad & Hossain, 2015) and corporate managers have the perception that climate change issues can become risky for the profit and operations of the companies (Begum & Pereira, 2011). For that reason it can be said that companies should include climate change related policies and procedures in their governance system (Haque & Deegan, 2010) and report these issues publicly so that society knows about their activities.…”

Section: Discussionmentioning

confidence: 97%

“…Industrial sector of Malaysia, in many ways, negatively affected the climate. Specially, industries such as metal, mineral, steel and iron, petrochemical, power plants and oil and gas remained as the major sources of GHG emission and thus contributed to global warming (Mustafa et al, 2012). Moreover, because of economic growth, the demand and consumption of energy increased in Malaysia (Begum and Pereira, 2011).…”

Section: Climate Change and Its Impact On Malaysiamentioning

confidence: 99%

“…This burning results in emission of some harmful Green House Gases (GHGs). Business organizations, all over the world, are one of the major fossil fuel burners (Mustafa et al, 2012;Ahmad & Hossain, 2015). Therefore, they are considered as one of the main sources of climate change and global warming.…”

Section: Introductionmentioning

confidence: 99%

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Exploring the Nature of Corporate Governance Related Climate Change Disclosure of the Malaysian Companies

Ahmad

Hossain

2020

LJMS

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The objective of this paper is to explore the governance related climate change disclosure in the corporate reports of award nominated Malaysian companies. For this, the corporate reports of twenty two (22) Malaysian companies (shortlisted for ACCA Malaysia Sustainability Reporting Award 2016) were analyzed. Content analysis was conducted on the sustainability award nominated reports of the companies under consideration. The findings were explained from legitimacy perspective. It was found that though these award-nominated Malaysian companies arereporting on climate change issues, the extent of governance related disclosure is less. The format of reporting varies from company to company. Also, few governance related climate change issues were reported by these companies. Reporting was mostly done in narrative form. However, through strategic presentation styles, these companies triedto legitimize their activities. This study seeks to contribute to the scant literature on climate change disclosure from the perspective of developing economies (in particular, Malaysia). Another important contribution of this study is that, here, the ‘governance related’ climate change disclosures were taken under consideration. Abstrack Objektif makalah ini adalah untuk meneroka pendedahan perubahan iklim berkaitan tadbir urus dalam laporan korporat syarikat Malaysia yang dicalonkan untuk anugerah. Untuk ini, laporan korporat dari dua puluh dua (22) syarikat Malaysia (disenarai pendek untuk ACCA Malaysia Sustainability Reporting Award 2016) dianalisis.Analisis kandungan dilakukan berdasarkan laporan penamaan syarikat yang dipertimbangkan. Penemuan ini dijelaskan dari perspektif kesahan. Didapati bahawa walaupun syarikat-syarikat Malaysia yang dicalonkan untuk anugerah ini melaporkan masalah perubahan iklim, tahap pendedahan berkaitan pemerintahan kurang. Format pelaporan berbeza dari syarikat ke syarikat. Juga, beberapa masalah perubahan iklim yang berkaitan dengan pemerintahan dilaporkan oleh syarikat-syarikat ini. Pelaporan kebanyakannya dibuat dalam bentuk naratif. Namun,melalui gaya persembahan yang strategik, syarikat-syarikat ini berusaha untuk mengesahkan kegiatan mereka. Kajian ini bertujuan untuk menyumbang kepada literatur yang sedikit mengenai pendedahan perubahan iklim dari perspektif ekonomi membangun (khususnya, Malaysia). Sumbangan penting lain dari kajian ini adalah bahawa, di sini, pendedahan mengenai perubahan iklim 'berkaitan dengan pemerintahan' telah dipertimbangkan.

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Section: Discussionmentioning

confidence: 97%

Section: Climate Change and Its Impact On Malaysiamentioning

confidence: 99%

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Exploring the Nature of Corporate Governance Related Climate Change Disclosure of the Malaysian Companies

Ahmad

Hossain

2020

LJMS

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“…Malaysia is moving forward to increase the country's income. However, the increased generation of economic benefits will also increase GHG emissions [53,54]. Therefore, balancing the trade-off between economic benefits and climate change is needed.…”

Section: Malaysia Palm Oil Industry Case Studymentioning

confidence: 99%

Modelling and optimisation of oil palm biomass value chains and the environment–food–energy–water nexus in peninsular Malaysia

Rubinsin

Daud

Kamarudin

et al. 2021

Biomass and Bioenergy

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“…During the screening of investment, the relevant authority studies the impact of the FDI on the environment before permitting the entry of the FDI. The authority will refuse permission if the effects on the environment are too serious but the environmental standards in Malaysia are not high like many developed countries (Mustafa, 2019). When there is a definite clash between the protection of the environment and FDI, arbitral tribunals usually decides in favor of investment protection.…”

Section: Importance Of Protecting the Environment In Malaysiamentioning

confidence: 99%

Environmental Protection and BITs of Bangladesh, Malaysia and USA: A Comparison

Hossain

2020

JCH

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In absence of any global treaty, the bilateral investment treaties (BITs) are playing an important role of regulating foreign investments in the host countries. According to the United Nations Conference on Trade and Development, there are 2361 BITs in force and like other members of the World Trade Organization, Bangladesh, Malaysia and USA also signed BITs to facilitate trade. The primary purpose of economic globalization is the economic development of the developing and least-developed countries as well as to facilitate benefits of the home states. Bangladesh and Malaysia foreign investment laws has no specific provision of protecting environment and fails to maintain high standard like USA environment laws. This paper addresses two questions: (a) do the bilateral investment treaties of Bangladesh, Malaysia and USA has any specific provision to protect the environment in the host country? (b) should the environmental protection be considered during the entry of foreign investments in Bangladesh, Malaysia and USA? Using doctrinal research method, we critically analyzed 40 BITs signed by Bangladesh, Malaysia and USA with different countries to explore whether there is any specific reference of protecting environment. We find that the existing BITs mainly have provisions to promote and protect foreign investments, and 7 out of 40 BITs have specific reference of protecting environment. Therefore, the governments should consider this important factor to insert while signing any future BITs.

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Progression of Policies and Laws Towards Addressing Climate Change and Sustainability Issues: Recent Initiatives from Malaysia

Cited by 7 publications

References 2 publications

Exploring the Nature of Corporate Governance Related Climate Change Disclosure of the Malaysian Companies

Exploring the Nature of Corporate Governance Related Climate Change Disclosure of the Malaysian Companies

Modelling and optimisation of oil palm biomass value chains and the environment–food–energy–water nexus in peninsular Malaysia

Environmental Protection and BITs of Bangladesh, Malaysia and USA: A Comparison

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