Ways to promote sustainable practices among Malaysian SMEs from the viewpoints of experts

Wahidah Shari (), Mohamad Hanif Abu Hassan (), Adriana Asmaa Mohd Ezanee (), Noor Maimun Abdul Wahab () and Norazlina Abd Wahab ()

Journal of Asian Scientific Research, 2024, vol. 14, issue 4, 597-611

Abstract: This study aims to investigate the ways to promote sustainable practice among Malaysian SMEs from the viewpoint of experts. Small and medium enterprises (SMEs) could play a pivotal role in helping to achieve the National Sustainable Goals due to their greater recognition within the Malaysian economy. Within this scope, this research provides insights into SMEs’ sustainability practices by exploring the opinions, experiences, and perspectives of experts on the requirements that support such practices among SMEs in Malaysia. This study adopts a qualitative approach using focus group discussion (FGD). Expertise was drawn from SME Corporation, financial institutions, and academia on their perspectives of how the ecosystem might contribute to sustainable practices among SMEs. The findings show that awareness, reporting, platforms, monitoring, and recognitions, all play a significant role in improving sustainability practices among Malaysian SMEs. The insights presented are of important illumination to achieve long-term sustainability of Malaysian SMEs, particularly in practical aspect, by identifying the key elements necessary to adopt and integrate sustainability into their business operations. The practical implications of this study extend far beyond the theoretical framework, offering concrete strategies that Malaysian SMEs can implement to achieve sustainable growth. In addition, the findings of this study can guide policymakers in crafting targeted policies and support mechanisms that foster a conducive environment for SMEs to thrive sustainably, ultimately leading to a more resilient and competitive business landscape in Malaysia.

Keywords: ESG; Expert’s perspective; Malaysia; Qualitative study; Small and medium enterprises; Sustainability. (search for similar items in EconPapers)
Date: 2024
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