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ESG Disclosure by Public Listed Halal Company: Effects on Climate Change in Malaysia
Date Issued
2024
Author(s)
Mohamad Ammar Iqbal Mohd Radzi
Abstract
Environmental, Social, and Governance (ESG) disclosure has emerged as a critical framework for publicly listed companies to demonstrate their commitment to sustainability and ethical practices, particularly in mitigating climate change. In Malaysia, halal-certified companies hold a unique position in aligning Islamic ethical principles with global sustainability goals. This study examines how ESG practices are integrated into the operations of these companies, focusing on sustainable sourcing, waste management, and the adoption of renewable energy to reduce environmental impacts. The convergence of halal principles emphasizing transparency,
accountability, and environmental stewardship with ESG frameworks highlights the potential of halal-certified businesses to drive global climate change mitigation efforts. The research identifies significant challenges, including the lack of standardized ESG reporting frameworks and the complexities of navigating dual compliance with Shariah laws and international sustainability standards. However, the findings also emphasize the role of digital transformation, such as blockchain and artificial intelligence, in enhancing ESG transparency and efficiency in the halal supply chain. By adopting sustainable practices and leveraging technological advancements,
halal companies can not only meet the increasing expectations of ethically conscious consumers but also establish themselves as leaders in corporate sustainability. Ultimately, this study underscores the strategic importance of ESG disclosure for halal companies in fostering long-term resilience and competitiveness. By bridging faith-based values with modern environmental strategies, these businesses contribute significantly to global efforts to combat climate change while maintaining their commitment to Shariah compliance and ethical governance.
accountability, and environmental stewardship with ESG frameworks highlights the potential of halal-certified businesses to drive global climate change mitigation efforts. The research identifies significant challenges, including the lack of standardized ESG reporting frameworks and the complexities of navigating dual compliance with Shariah laws and international sustainability standards. However, the findings also emphasize the role of digital transformation, such as blockchain and artificial intelligence, in enhancing ESG transparency and efficiency in the halal supply chain. By adopting sustainable practices and leveraging technological advancements,
halal companies can not only meet the increasing expectations of ethically conscious consumers but also establish themselves as leaders in corporate sustainability. Ultimately, this study underscores the strategic importance of ESG disclosure for halal companies in fostering long-term resilience and competitiveness. By bridging faith-based values with modern environmental strategies, these businesses contribute significantly to global efforts to combat climate change while maintaining their commitment to Shariah compliance and ethical governance.
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ESG Disclosure by Public Listed Halal Company Effects on Climate Change in Malaysia.pdf
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317.35 KB
Format
Adobe PDF
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(MD5):6026299348539cbb23c6c3dd61db0374