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National Sustainability Reporting Framework | A publication by PwC Malaysia As markets across the globe are moving towards a globally aligned sustainability reporting standard, the National Sustainability Reporting Framework (NSRF), issued on 24 September 2024, guides Malaysia in aligning our sustainability reporting with IFRS®️ Sustainability Disclosure Standards as issued by the International Sustainability Standards Board (ISSB). This publication aims to provide an overview of the NSRF requirements and provide insights for organisations to prepare their sustainability reports in accordance with IFRS Sustainability Disclosure Standards. Some of the key takeaways: 1. Global Alignment: Compliance with IFRS Sustainability Disclosure Standards supports companies in Malaysia to have consistent, global reporting. 2. Step Change in Reporting Quality: Sustainability reporting with clear financial linkages, increases the link to value creation and corporate accountability. 3. Data Transparency: Ensures accurate, auditable sustainability data for stakeholders. 4. Collaboration: Cross-departmental collaboration is critical for cohesive sustainability strategy, real world impact, and reporting. 5. Strategic Alignment: Clear alignment between sustainability goals and overall business strategy should support sustainable growth. Download the publication: https://lnkd.in/gDMTJjQf PwC Malaysia kwai fong soo Dominic Chegne Nik Shahrizal Farhana Jabir

BDO has released International Sustainability Reporting (ISR) Bulletin 2024/06 30 June 2024 Sustainability Reporting Update, which provides a ‘snapshot’ of sustainability reporting with a focus on the updates related to the International Sustainability Standards Board’s (ISSB) IFRS® Sustainability Disclosure Standards - IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information (IFRS S1) and IFRS S2 Climate-related Disclosures (IFRS S2) - issued on 26 June 2023 and the European Sustainability Reporting Standards (ESRS) adopted by the European Commission on 31 July 2023 as well as other organisations. https://ow.ly/W8nV50SRbeY

Setting the foundations for ESRS – Mark Vaessen outlines some of the challenges sustainability reporting will bring for companies and how KPMG can help https://lnkd.in/gN5E86Bs #esrs #sustainabilityreporting

🌟 Exciting Learning Opportunity: Embracing the IFRS Standards for Sustainability Reporting 🌟 Yesterday, Me, Ms. Aida along with Ms. Alia Atira had the privilege of attending a comprehensive training on the upcoming IFRS S1 and S2 standards, conducted by Ms. San Mei Kim and organized by the Minority Shareholders Watch Group (MSWG). The training was packed with insights and practical exercises that enabled me to further understand the transformative changes these standards will bring to sustainability reporting for PLCs. Fun Fact, I met Ms. Kim previously when i attended her training on Preparing Your Sustainability Statement earlier this year. It was a pleasant experience to met Ms. Kim again and had our lil catchup. 💡 Key Takeaways!: 1. Gained a deeper understanding of how IFRS S1 and S2 will reshape the way we approach sustainability disclosures. 2. Identified the significant changes our company will need to adopt to align with these globally recognized standards. 3. Engaged in scenario practices that help me understand better on IFRS standards and allows me to ensure a smooth transition to compliance. The session was not just about learning the theory but also about actively preparing for the future of sustainability reporting. A big thank you to Ms. Kim for her expert guidance and MSWG for organizing such an impactful training! Looking forward to applying this knowledge in our sustainability journey.

Hong Kong to Require IFRS-Aligned Sustainability Reporting Starting in 2025 12.12.2024 - Investoren Plattform News: ESG The Hong Kong government announced the release of its Roadmap on Sustainability Disclosure in Hong Kong, outlining the details of its plans to implement sustainability reporting requirements for companies, with a view to introducing reporting based on the IFRS Foundation’s ISSB standards for some listed companies on a comply-or explain basis next year, and with […] und mehr als 10.100 weitere Artikel finden Sie unter: https://lnkd.in/ebDaW6Ar

Tomorrow is the #DeloitteAcademyEA Sustainability Masterclass: Navigating IFRS S1 & IFRS S2 Reporting? The masterclass will cover key topics across the industry, and attendees will gain access to thought leadership and insights from our experts. Register now using the following link: https://deloi.tt/3Tlkm8k #ImpactThatMatters #Sustainability

The Hong Kong government announced the release of its Roadmap on Sustainability Disclosure in Hong Kong, outlining the details of its plans to implement sustainability reporting requirements for companies, with a view to introducing reporting based on the IFRS Foundation’s ISSB standards for some listed companies on a comply-or explain basis next year, and with mandatory requirements for large-cap companies starting in 2026. Under the roadmap, all Main Board issuers will be required to begin reporting against the IFRS S2 Climate-related Disclosures on a “comply or explain” basis in 2025, with large cap issuers to begin on a mandatory basis in 2026, and the HKEX to subsequently consult on mandating sustainability reporting against the new Hong Kong Standards, with an expected date for all listed publicly accountable entities (PAEs) no later than 2028. Additionally, significant financial institutions will also be required to apply the standards by 2028. https://bit.ly/41vuhgp

BDO has released International Sustainability Reporting (ISR) Bulletin 2024/02 Q1 Sustainability Reporting Jurisdictional Update, which includes information on developments in various jurisdictions including the European Union and the US. In particular, this publication includes information on the US Securities and Exchange Commission’s recent adoption of the climate-related disclosure rules. This ISR Bulletin also contains summaries of major events in sustainability reporting in jurisdictional sustainability reporting around the world. #SustainabilityReporting #ClimateDisclosure #GlobalCSR

Finally, it's here. IFRS S1, IFRS S2, Scope 3 Greenhouse Gas emissions. The finalised timeline for Malaysia. Requiring large non-listed companies to comply too, and setting the scene for 'reasonable assurance' of greenhouse gas emissions by both non-accountants and accountants. I have been following closely this development. Comparing the Malaysian approach with those announced in Singapore, Hong Kong and Australia, I am impressed and pleasantly surprised with the Malaysian approach by the regulators. Perhaps the Malaysian regulators had the benefit of more time but personally I found it interesting that the Malaysian approach isn't a 'copy & paste' from neighbours and it doesn't go unnoticed that a lot of new thoughts had gone into putting this final National Sustainability Reporting Framework together. We are in good hands.