September 2017, Petaling Jaya. The UN Global Compact Network Malaysia (GCMY) and KPMG Management & Risk Consulting Sdn Bhd (KPMG) are collaborating to develop a self-assessment tool for Small and Medium Enterprises (SMEs) to measure their impact and performance against the United Nations Sustainable Development Goals (SDGs) and the ten Principles of the Global Compact. The tool will be online and operational in December 2017.
“This collaboration with KPMG is about making SMEs comfortable with the idea of sustainability reporting. SMEs are critical to the Global Compact. They employ the most people, create the most wealth, and distribute to it to the widest and broadest population globally. If SMEs do not understand and choose sustainability then we will never have sustainable business anywhere on the planet”, said Puvan J Selvanathan, President of GCMY.
Kasturi Nathan, KPMG Executive Director, said “This initiative is aligned with the goals of the Eleventh Malaysia Plan and practical implementation of Bursa Malaysia’s Listing Requirements on Sustainability Reporting. It directly contributes to the realisation of the national sustainability agenda”.
The tool from GCMY and KPMG will also be a basis for a series of workshops in Kuala Lumpur for SMEs to develop a foundation for sustainability reporting.