Tax Incentives and Strategies for the Circular Economy to Improve ESG Performance in Malaysia

This article discusses the impact of tax incentives on the promotion of a circular economy to improve Environmental, Social, and Governance (ESG) performance in Malaysia. The strategy provides a thorough plan that includes economic, policy, administrative, social, technological, and environmental components. Malaysia intends to promote sustainable corporate practices, stimulate innovation, and align with global sustainability objectives by utilising targeted tax reductions, credits, and exemptions. The study highlights the significance of incorporating comprehensive policy frameworks, enhancing organisational capabilities, engaging relevant stakeholders, and establishing rigorous monitoring systems to ensure the efficient execution and enduring prosperity of the shift towards a sustainable circular economy.

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