SC: Bursa-listed and large non-listed companies required to comply with NSRF

KUALA LUMPUR: The National Sustainability Reporting Framework (NSRF) will require companies listed on Bursa Malaysia's Main and ACE Markets, along with large non-listed firms generating annual revenue of RM2 billion or more, to comply with new sustainability reporting standards.

Securities Commissions of Malaysia (SC) chairman, Datuk Mohammad Faiz Azmi said about 130 companies, or large listed issuers on Bursa Malaysia’s Main Market will have to comply with International Financial Reporting Standards (IFRS) S1 and S2 beginning 2025, with a focus on climate-disclosures.