[ENERGY, PROJECTS & INFRASTRUCTURE] Special Alert: MITI i-ESG Framework (Phase 1.0): What's New?

Recently, the Ministry of Investment, Trade, and Industry ("MITI") has published the i-ESG Framework (Phase 1.0) ("Framework"), which offers a guideline to support Malaysia's manufacturing sector in achieving their environmental, social and governance ("ESG") goals. The launch of the Framework signifies the start of the first phase of MITI's plan (known as "Just Transition", scheduled from 2024 to 2026) to encourage the adoption of ESG requirements and goals. It lays the groundwork for manufacturers to embark on their ESG journey to help ensure their readiness to shift towards and embrace the second phase, "Accelerating ESG Practices", scheduled from 2027 to 2030.

Key Outcomes