With increasing demands for transparency and compliance from stakeholders, ESG and tax are becoming more integrated.
Locally, the government is embedding ESG principles into governance to achieve sustainability goals. Through policies introduced such as investment tax allowances, income tax exemptions, and the introduction of a carbon tax on specific industries, the nation aims to drive ESG investments, create opportunities in the green economy, and ensure transparent governance.
This whitepaper aims to help organizations better understand the evolving role of tax in ESG and the importance of building a robust corporate tax governance framework. It also addresses the challenges of navigating the complex intersection of ESG and tax governance. While these complexities may seem challenging, the whitepaper emphasizes the need for organizations to set the tone at the top and integrate both ESG and tax governance effectively. By doing so, they can implement ethical and transparent strategies, build trust among stakeholders, and strengthen their commitment to sustainability.
