The exchange said generally companies with larger market capitalisation received more ESG coverage, mainly because large companies have sufficient resources to provide ESG-related data while smaller companies are more concerned about costs related to compiling ESG data.
KUALA LUMPUR: Public listed companies (PLCs) need to step up on environmental, social and governance (ESG) disclosure to comply with Bursa Malaysia's enhanced sustainability reporting by 2025 for the Main Market and 2026 for the ACE Market, said Bursa Malaysia.
The exchange said that only 18 per cent or 169 of the 949 companies in 13 sectors plus ACE Market received ESG ratings from MSCI, S&P Global, Bloomberg and Sustainalytics, while the FTSE Russell’s coverage level stood at 25 per cent.
