<p><span>The Securities Commission Malaysia (SC) today issued its Corporate Governance Strategic Priorities 2021 – 2023 (CG Strategic Priorities), to promote among others environmental, social and governance (ESG) fitness and leadership of boards. The SC outlined 11 targeted initiatives such as onboarding programs for directors on sustainability, investor education series on corporate governance and sustainability, and expansion of collaboration with universities to deepen conversations with youth on current corporate governance and sustainability issues.</span></p>
The Paris Agreement was signed exactly five years ago on Dec 12, by 196 nations. It was a breakthrough in global climate governance and cooperation, with a target to limit global warming this century to 1.5°C, and at most, to 2°C. As part of this, each signatory country had committed to its own Nationally Determined Contributions (NDCs) to reduce carbon emissions.
However, many countries are not on track to meeting their Paris commitments, and five years on, with more advanced approaches to climate modelling, the data is telling us that global warming is on track to hit 2.8°C, far exceeding the Paris Agreement’s limit of 2°C.