Bursa Malaysia launches platform for mandatory ESG reporting

KUALA LUMPUR: Bursa Malaysia Securities Bhd today unveiled the Bursa Malaysia ESG Reporting Platform, which will act as a repository for disclosures conforming to the prescribed format mandated under Bursa Malaysia’s enhanced sustainability reporting requirements introduced on Sept 26, 2022.

Bursa Malaysia chief regulatory officer Julian Hashim said the exchange is implementing the enhanced sustainability reporting requirements for listed issuers in a phased approach, accompanied by supporting user guides and illustrative toolkits.

"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,” he said in a statement today.

Without additional cost, listed issuers can access the platform via the Bursa LINK system to generate a summary performance table, which must then be disclosed in their respective sustainability statements.

Bursa Malaysia said the performance table must include indicators and data pertinent to the listed issuer’s material sustainability matters.

Listed issuers can refer to Bursa Malaysia’s Illustrative Sustainability Reporting Guide for a visual representation of the requirement.

Concurrent with the ESG Reporting Platform launch, the exchange also issued user guides and videos aimed at assisting listed issuers in navigating the available functionalities. The user guides and videos can be accessed by registered Bursa LINK users. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!


Next In Business News

TNB sees the light in 2024
Nestle Malaysia names Wan Zulkiflee Wan Ariffin as new chairman
Ringgit likely to hit 4.20-4.40 against US dollar by year-end
P.A. Resources records highest ever quarterly revenue
Tropicana’s revenue jumps 60.7% to RM1.5bil in FY23
PETRONAS Gas net profit higher at RM1.82bil in FY23 on higher utilities, JV companies' contribution
UEM Sunrise reports revenue of RM1.3bil for FY2023
Ringgit strengthens against US dollar on positive market sentiment
Padini's 2Q net profit declines to RM53.10mil
TNB foresees steady performance in 2024

Others Also Read