The Environmental, Social, and Governance (ESG) In Malaysia SME: A Case Study of Vitrox

Luen Peng Tan (), Kum Lung Choe, Yin Kuan Ng, Ka Fei Lai and Hooi Ching Khor
Additional contact information
Luen Peng Tan: Universiti Tunku Abdul Rahman
Kum Lung Choe: Universiti Tunku Abdul Rahman
Yin Kuan Ng: Universiti Tunku Abdul Rahman
Ka Fei Lai: Universiti Tunku Abdul Rahman
Hooi Ching Khor: Universiti Tunku Abdul Rahman

A chapter in Proceedings of the 11th International Conference on Business, Accounting, Finance and Economics (BAFE 2023), 2023, pp 344-356 from Springer

Abstract: Abstract Despite the Malaysian government’s effort in educating businesses on the importance of ESG, there is still a lack of awareness among businesses regarding the vitality of ESG. A recent survey conducted by Alliance Bank reveals that 86% of the surveyed SMEs had no idea what ESG exactly was. Furthermore, according to the Sustainable Development Report 2022, Malaysia was ranked 72 out of 163 countries with an SDG Index of 70.4 percent. Ostensibly, this indicates that there is still room for Malaysia to improve its environmental sustainability and vulnerable groups’ well-being. This case study aims to uncover the effective implementations of ESG practices in Vitrox which is a trusted technology company in Malaysia with not only delivering the best-in-class solutions and services to customers but also integrate the notion of ESG in every aspects of its operations. Qualitative approach was adopted in this case stud by conducting in-depth interviews with Vitrox’ founder. In addition, we also secured pertinent information of Vitrox from the company’s website, internet, and newspaper report. Moreover, we find that Vitrox was very committed in its implementation of ESG practices by concentrating and sharing the values of integrity, trust, and respect with its stakeholders. Furthermore, this case study also discusses the business and managerial implications of implementing ESG practices that potentially benefit the Malaysian SMEs.

Keywords: ESG; Malaysia; Vitrox (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (7)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-342-9_26

Ordering information: This item can be ordered from
http://www.springer.com/9789464633429

DOI: 10.2991/978-94-6463-342-9_26

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().