Bursa Malaysia Rolls Out Mandatory ESG Reporting Platform for Listed Companies

Bursa Malaysia Rolls Out Mandatory ESG Reporting Platform for Listed Companies

by December 5, 2023 0 comments

Bursa Malaysia has officially launched its ESG Reporting Platform on 4 December 2023 (Monday). This platform is a significant step in mandatory environmental, social, and governance (ESG) reporting for companies listed on the Main Market and ACE Market.

The ESG Reporting Platform is a key component of Bursa Malaysia’s initiative to improve sustainability reporting standards among listed issuers.

It aligns with the revised Main Market Listing Requirements and ACE Market listing requirements, which were updated on 26 September 2022, to include more comprehensive sustainability reporting guidelines.

The platform, accessible through the Bursa LINK system without extra charges, enables listed companies to generate a summary performance table. This table, which must be included in the companies’ Sustainability Statements, should detail critical indicators and data related to their significant sustainability issues.

To facilitate a smooth transition to these new standards, Bursa Malaysia has provided user guides and instructional videos, available to registered Bursa LINK users. These resources are designed to assist issuers in understanding and navigating the platform’s functionalities.

Julian Hashim

Julian Hashim

“We are implementing the enhanced sustainability reporting requirements for Main Market and ACE Market listed issuers in a phased approach, accompanied by supporting user guides and illustrative toolkits, to provide listed issuers time to familiarise themselves with the respective requirements.

 

We are pleased to see the enhanced disclosures being undertaken with noteworthy progress in sustainability-related practices and disclosures by many listed issuers even before the mandatory periods. This puts our listed issuers in good stead as Malaysia pushes the bar for more robust ESG disclosures over the next few years,”

said Julian Hashim, Chief Regulatory Officer, Bursa Malaysia.

For further details on the amended listing requirements and additional resources to aid in embedding sustainability in corporate practices, stakeholders can refer to the Bursa Malaysia website.

This includes the Sustainability Reporting Guide and Toolkits (3rd edition) and the Illustrative Sustainability Reporting Guide (ISR).

No Comments so far

Jump into a conversation

No Comments Yet!

You can be the one to start a conversation.

Your data will be safe!Your e-mail address will not be published. Also other data will not be shared with third person.