Platform for mandatory ESG reporting

PETALING JAYA: Bursa Malaysia has unveiled its ESG Reporting Platform, which will act as a repository for disclosures conforming to the prescribed format mandated under its enhanced sustainability reporting requirements introduced on Sept 26, 2022.

Bursa Malaysia chief regulatory officer Julian Hashim said the stock 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 environmental, social and governance (ESG) disclosures over the next few years,” he said in a statement.

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

Listed issuers can refer to Bursa’s illustrative sustainability reporting guide for a visual representation of the requirement. — Bernama

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