Abstract: Green economy is the emerging concept in the way of sustainable livelihood and poverty alleviation through reducing of environmental risks and ecological scarcities, carbon emissions and pollution as well as enhance energy and resource efficiency and prevent the loss of biodiversity, ecosystem services in Malaysia. The improvement of low standard income households in a certain and remarkable stages through restructuring of society for ensure sustainable livelihood and socio-economic well-being are very important issues in Malaysia to become a developed country by 2020. This study aims to investigate impact of greening initiatives on socio-economic well-being and sustainable livelihood of the low income households in Malaysia from the existing review of studies. In general, this assessment review study has revealed that the green economy has a significant role on the national economy towards promoting green technology in economic and social developments through non-renewable fuels, safeguards and minimises the environmental degradation due to carbon emissions, as well as green products for Income Generating Activities (IGAs) of the low level income group in Malaysia. Finally this study provided necessary policy recommendations based on survey output for policy implications where it can help for development of effective strategies of green corporations for poverty alleviation, socio-economic well-being and sustainable livelihood through Income Generating Activities (IGAs) of lower income group in Malaysia.