Awang Adek said the SC intends to customise the standards to align with local requirements.
KUALA LUMPUR: The Securities Commission (SC) is planning to adopt the International Sustainability Standards Board’s (ISSB) global standards to ensure that sustainability becomes an integral part of local corporations, says chairman Datuk Seri Dr Awang Adek Hussin.
He said that at the same time, the SC intends to customise the standards to align with local requirements.
“Malaysia is at a juncture in its development of domestic renewable energy sources as well as a carbon market, thus, we cannot afford to fall short of the environmental, social and corporate governance (ESG) standards.
“We should make full use of the available opportunities,” he said at the Business Foresight Forum 2023 yesterday.
Awang Adek also lauded the launch of the centralised sustainability reporting platform for Malaysian firms to disclose their ESG data by Bursa Malaysia. — Bernama
