IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-94-6463-342-9_26.html

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

In: Proceedings of the 11th International Conference on Business, Accounting, Finance and Economics (BAFE 2023)

Author

Listed:
  • 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)

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.

Suggested Citation

  • Luen Peng Tan & Kum Lung Choe & Yin Kuan Ng & Ka Fei Lai & Hooi Ching Khor, 2023. "The Environmental, Social, and Governance (ESG) In Malaysia SME: A Case Study of Vitrox," Advances in Economics, Business and Management Research, in: Yuen Onn Choong & Fanyu Chen & Keng Soon William Choo & Voon Hsien Lee & Chooi Yi Wei (ed.), Proceedings of the 11th International Conference on Business, Accounting, Finance and Economics (BAFE 2023), pages 344-356, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-342-9_26
    DOI: 10.2991/978-94-6463-342-9_26
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Khaw, Karren Lee-Hwei & Wei, Yi & Ma, Shiyue, 2025. "Family firms and risk taking: Does the integration of ESG practices matter?," Emerging Markets Review, Elsevier, vol. 69(C).
    2. Fu, Chuanrui & Zou, Jingjing & Li, Li & Wang, Yanhui, 2025. "Institutional investors' site visits and ESG disclosure: The mediating role of environmental legitimacy pressure," Finance Research Letters, Elsevier, vol. 84(C).
    3. Feng, Han & Ma, Chaoqun & Chen, Yiqing & Mi, Xianhua, 2025. "Dance to government’s tune: Firms’ ESG information catering behaviors and government subsidies," Finance Research Letters, Elsevier, vol. 85(PD).
    4. Hong Yang & Xujing Li & Meng Li, 2026. "ESG performance and corporate default risk: insights from investor perspectives," Risk Management, Palgrave Macmillan, vol. 28(1), pages 1-39, February.
    5. Hongbo He & Yiqing Chen & Ruiqi Guo & Lerong He & Hong Wan, 2025. "Cost of Vagueness: Stakeholders’ Responses to Firms’ ESG Information," Journal of Business Ethics, Springer, vol. 202(3), pages 543-566, December.
    6. Soufiene Assidi & Giuseppe Festa & Monica Fait & Bianca Costanzo & Matteo Rossi, 2026. "The impact of digitalization capabilities on ESG performance – A European study," International Entrepreneurship and Management Journal, Springer, vol. 22(1), pages 1-26, March.

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:advbcp:978-94-6463-342-9_26. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.