Abu Hassan, Mohamad Hanif and Shari, Wahidah and Zakaria, Muhammad Fadzly and Ab Wahab, Nur Yuhainis (2024) Analysing Strategies for Overcoming Challenges in ESG Practices: A Comparative Conceptual Paper on Malaysia and Indonesia. International Journal of Accounting, Finance and Business (IJAFB), 9. pp. 156-166. ISSN 0128-1844

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Abstract

This study critically examines sustainability awareness among Small and Medium Enterprises (SMEs) in Malaysia and Indonesia. With a primary focus on discerning influential factors and challenges, the research addresses the exclusion of SMEs from mandatory Environmental, Social, and Governance (ESG) compliance, prevalent in Malaysia's and Indonesia current regulatory landscape. As ESG becomes integral for financial assessments and global trade, the oversight raises fairness concerns. SMEs, vital contributors to both nations' GDPs, face potential challenges. Employing a mixed-methods approach, the study utilizes a detailed questionnaire and Focus Group Discussion (FGD) validation, aiming for a comprehensive model. Anticipated outcomes include identifying critical issues and presenting a holistic model to guide sustainable SME development. This model, valuable for policymakers, fills the gap in SME ESG implementation, ensuring equitable inclusion for economic resilience in Malaysia and Indonesia

Item Type:	Article
Uncontrolled Keywords:	Sustainability, Environmental, Social, and Governance (ESG), SME, Challenge
Subjects:	H Social Sciences > HF Commerce
Divisions:	College of Business
Depositing User:	Mr. Izhar Hj. Hashim
Date Deposited:	24 Feb 2026 09:35
Last Modified:	24 Feb 2026 09:35
URI:	https://repo.uum.edu.my/id/eprint/32716

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