KUALA LUMPUR: The Advisory Committee on Sustainability Reporting (ACSR), chaired by the Securities Commission Malaysia (SC), has published a consultation paper to seek feedback from members of the public on the proposed framework for sustainability assurance.
The public consultation period is from June 25 - Aug 6, 2025, the SC said in a statement today.
It said the requirement for external assurance on sustainability reporting is necessary to ensure the reliability of disclosures by companies scoped-in under the national sustainability reporting framework (NSRF).
"The consultation paper on the proposed framework discusses, among others, the adoption of international sustainability assurance standards, oversight of assurance providers, competency requirements for assurance leaders and timelines for external assurance.
"Feedback is sought from a broad range of stakeholders to ensure that the framework is practical, credible and sufficiently robust,” it said.
The SC said that a robust sustainability assurance framework is essential to address concerns on greenwashing and to promote investor confidence in the sustainable reports issued by companies.
The consultation paper is available online at https://www.sc.com.my/regulation/consultation-papers, and queries may be submitted to the ACSR Secretariat at nsrf@seccom.com.my - Bernama
