ESG Positive Impact Awards – Malaysia

Deadline: 1-Mar-23

Star Media Group and OCBC Bank are proud to introduce the ESG Positive Impact Awards, giving Malaysian organisations of all sizes a prime opportunity to embrace and showcase exemplary ESG practices in their business model and gain better market access in the long run.

As countries and businesses worldwide shift focus towards their sustainability goals, the adoption of Environmental, Social and Governance (ESG) principles has become vital for companies to remain competitive regionally and globally. Whether you’re an SME or large conglomerate, this is your chance to motivate your peers, reassure your consumers and investors, while being recognised as one of Malaysia’s leading companies championing ESG.

Award Categories

Environment Awards
- Sustainable Ecosystems
  - Recognising an organisation who has implemented a project that has conserved, restored, regenerated or rehabilitated and developed sustainable ecosystems including projects that are also focused on conserving existing terrestrial or aquatic ecosystems.
- Water Management and Efficiency
  - Recognising an organisation who has designed and implemented innovative water management systems and processes to improve water efficiency and pollution control whereby the organisation has shown improved operations, smart use of water resources, technological innovation and the implementation of sustainable models and initiatives.
- Waste Management
  - Recognising an organisation which has implemented innovative methods that successfully improves reduction, recycling and reuse of solid waste as well as responsible waste disposal.
- Responsible Consumption & Production
  - Recognising an organisation which has successfully curated and demonstrated long-term contribution and commitment to the protection of natural resources through sustainable management and efficient use of materials in the production of goods or services.
- Renewable Energy
  - Recognising an organisation which favours renewable energy sources in its supply and value chain. The organisation exhibits originality, provides market-based solutions and environmental benefits, whilst making significant socio-economic contribution through the usage of renewable energy in its products and projects.
- Energy Efficiency
  - Recognising an organisation which has demonstrated energy efficiency and energy conservation throughout its supply and value chain, developed best energy-saving projects, whilst demonstrating energy and carbon savings, backed-up by data, with particular consideration for innovation and replicability.
Social Awards
- Diversity, Equity & Inclusion
  - Awarded to an organisation who has initiated and led action/s to remove barriers as well as improve work experience and engagement levels of employees and the value chain. Whilst demonstrating excellence in the delivery of services, without considering factors such as age, ethnicity, sexual orientation, social mobility, disability and gender.
- Relations with Local Communities
  - Recognising an organisation which has developed and implemented a programme to positively impact and strengthen links with the local community and indigenous people within the locality of which the company operates. The programme should respond to a specific need in the community and should focus on the measures taken to engage with the community and all relevant stakeholders, as well as the positive impact delivered through the programme.
- Human Rights & Labour Standards
  - Awarded to an organisation which has advanced fundamental human rights and responsible labour practices throughout their operations, where they uphold fundamental human rights principles in all ways that they interact with people (employees, consumers, customers, suppliers, contractors and community members).
- Talent Management
  - Recognising an organisation which has developed and implemented effective, consistent and all rounded training programmes, where it has enabled the talent to execute business strategies, and contribute to long-term success of the organisation.
- Good Health and Wellbeing
  - Recognising an organisation which has developed and implemented effective programmes to promote the health and wellbeing of employees which has contributed to the overall improvement in productivity and increase in satisfaction and morale of staff.
Governance Awards
- Governance, Reporting & Transparency
  - Recognising an organisation with effective corporate and sustainability governance, audit and risk management, integrity, and transparency in reporting while keeping a meaningful relationship with stakeholders.
Other Awards
- Supply Chain Management
  - Recognising organisations which have created a progressive and comprehensive strategy to improve the adoption of best ESG practices in its supply chain, which has demonstrably led to a positive impact on the sustainability of the supply chain.
- Innovative Partnership
  - Recognising organisations which have developed progressive and innovative partnerships which have led to positive and sustainable impacts on communities and/or the environment. This can be demonstrated in strong, long-term partnerships (more than 2 years) which are mutually beneficial with tangible outcomes/impacts to society and/or the environment.
- Transformation
  - Recognising an organisation which has transformed their business to promote sustainable development in a manner that ensures long term economic and financial, social, environmental, and institutional sustainability.

Awards Tiering

Annual Sales Turnover: Small and Medium Enterprise And Mid-Tier (Classification as per Matrade)
- Products: Up to RM500 million
- Services: Up to RM200 million
Annual Sales Turnover: Large Companies (Classification as per SME Corp)
- Products: > RM500 million
- Services: > RM200 million

Eligibility Criteria

In order to qualify as an applicant for any of the Awards listed above, the company must meet the following requirements:
- The company is duly incorporated in Malaysia in accordance with the Companies Act 2016. [Please note that a company registered under the Companies Act 1965 is deemed to have been registered under the Companies Act 2016];
- For a group of companies (“the Group”), only those companies incorporated in Malaysia in accordance with the Companies Act 2016 are eligible to apply either individually or as a Proforma Group.
- Must submit audited financial statements for the past three (3) consecutive financial years.
Note: group of companies (“the Group”) refers to a holding company (incorporated in Malaysia in accordance with the Companies Act 2016) and its subsidiary companies as defined in the Company Act 2016.

For more information, visit Star Media Group.