PIKOM and ESGAM to promote ESG best practices in Malaysian tech sector

• Run joint campaigns to ignite a sustainable business mindset 
• Identify and support research projects on ESG in the tech sector

The ESG Association of Malaysia (ESGAM) and the National Tech Association of Malaysia (PIKOM) signed a MoU to promote ESG best practices in the tech industry with ESGAM represented by its president, Cheah Kok Hoong, and Pikom by chairman Ong Chin Seong at a ceremony held in Kuala Lumpur recently. Cheah is a former Pikom chairman.

The MoU outlines four key areas of collaboration between the two organizations:

• Collaborate in raising awareness and understanding of relevant issues pertaining to ESG principles and sustainable practices. This collaboration may involve joint initiatives aimed at promoting responsible and sustainable business practices with the various Chapters and Committees in Pikom such as GBS Malaysia, Cybersecurity, CIO, E-Commerce, Venture Investment, Women in Technology, SpaceTech Malaysia, ESG Committee and Pikom Academy.

• Enhancing the skills level of their respective members or stakeholders in the field of ESG. This may include sharing best practices, providing training sessions, and facilitating knowledge transfer between experts and practitioners.

• Benchmarking their respective members or stakeholders with industry standards in ESG practices. This will be done by identifying key performance indicators and metrics to assess progress and align with internationally recognized sustainability benchmarks. The organizations will also share best practices and lessons learned on ESG implementation.

• Conducting joint events for research initiatives. This will foster an exchange of ideas, experiences, and research findings to drive positive impact in the broader community. The organizations will also work together to identify and support research projects on ESG in the tech industry.

“Our collaboration with PIKOM marks a significant stride towards raising awareness and understanding of ESG principles. Through joint educational campaigns and initiatives, we aim to ignite a sustainable business mindset within diverse sectors, especially SMEs in Malaysia,” said Cheah. 

Pikom’s Ong said, “The tech industry has a major role to play in addressing climate change and other environmental challenges. This MoU will help us to raise awareness of these issues and empower the tech industry to take action. We have to break through the corporate mindset of what is important to our future. Is it corporate profits or our next generation? The time to act is now for the sake of our future.”

Both parties believe their collaboration is a significant step forward in the efforts to promote ESG in the tech industry in Malaysia to create a better future.

ESGAM was established in late 2022.