The ongoing climate crisis has pushed the adoption of sustainable investing and strategic environment, social and governance (ESG) initiatives across capital markets and businesses into mainstream discourse. While information on the ESG challenges faced by the global economy is widely available, solutions to these issues are still in their nascent stages.
Coupled with black swan events in the past several years disrupting global supply chains, such as the Covid-19 pandemic and Russia’s invasion of Ukraine, energy security is a key issue that needs to be addressed.
Mohd Yusrizal Mohd Yusof, managing director of TNB Renewables, says the unexpected disruptions over the past two years have shed light on the “vulnerability” of energy prices. TNB Renewables is a provider of renewable energy services and a subsidiary of Peninsular Malaysia’s energy provider Tenaga Nasional (TNB).