Introduction
Malaysia has developed and prospered greatly as a result of its
advantageous coastline location, the Strait of Malacca. Malaysia is
a premier maritime nation due to its great reliance on seaborne
trade and its shipping sector, which is exemplified by significant
government-owned ports such as Port Klang and Port of Tanjung
Pelepas.1 These ports are among the busiest in the
world, demonstrating Malaysia's leadership in the maritime
industry.2 The advantages of the port and shipping
sectors have fueled economic growth and established Malaysia as a
rising maritime nation.
The shipping industry is witnessing this transformative shift as
financial market participants, such as banks, investors, and
insurance companies progressively heighten their compliance with
Environmental, Social, and Governance
("ESG") compliances and regulations.
Companies that follow these guidelines have a greater possibility
or chances of obtaining financing related to
