Navigating the next phase of sustainability reporting

Green initiatives: Most Malaysian companies have focused on meeting the minimum reporting requirements outlined by Bursa Malaysia’s Sustainability Reporting Framework but it is crucial to recognise that sustainability reporting should transcend beyond mere compliance.

RECENT developments underscore the growing trend towards standardised and mandatory disclosure of environmental, social and governance (ESG) information by companies.

For instance, Bursa Malaysia has made it compulsory for Main Market-listed issuers to make Task Force on Climate-related Financial Disclosures (TCFD) a requirement in sustainability reporting commencing Dec 31, 2025 while ACE Market-listed issuers are required to disclose a basic transition plan to a low-carbon economy commencing Dec 31, 2026.