Regulation Asia’s Post

In Malaysia, companies listed on Bursa Malaysia are required to comply with ESG reporting requirements. This includes those listed on the Main Market and ACE Market, with reporting obligations phased in as follows: 1. Main Market Issuers: Starting from the financial year ending December 31, 2023, they must disclose key sustainability information in their 2024 reports. From 2025, these disclosures will align with the Task Force on Climate-Related Financial Disclosures (TCFD) framework. 2. ACE Market Issuers: For financial years ending on or after December 31, 2024, they are required to report on basic sustainability elements, including transition plans, with increasing alignment to international standards by 2026. These requirements are part of a broader effort to standardize and enhance ESG reporting in Malaysia, ensuring alignment with global frameworks like the Global Reporting Initiative (GRI) and International Sustainability Standards Board (ISSB). The ultimate goal is to make ESG disclosures comparable and transparent, facilitating better investment decisions. #ikitar #ESGreport

Want to know why ESG is important for your business and why its here to stay? Please register and join me and the rest of my fellow panelist on the 4th of April.

Malaysia’s decision to adopt the International Sustainability Standards Board (ISSB) standards into its National Sustainability Reporting Framework represents a significant step forward in positioning the country as a major investing hub for global investors. By encouraging more sustainability-related financial disclosures, Malaysia is signalling its commitment to transparency, accountability, and sustainable practices, which are increasingly valued by international investors. Sustainability-related disclosures can help businesses identify and manage potential risks associated with climate change, social impacts, and governance issues. By adopting ISSB standards, Malaysian companies can improve their risk management practices and enhance their resilience. Read more: https://lnkd.in/g3tiRrhx #ISSB #IFRS #sustainabilityreporting

"ESG Disclosure Assessment of Malaysia's Listed Companies and Recommendations for Policy Development" At the SC-World Bank Conference 2024, the Securities Commission Malaysia (SC) and the World Bank jointly launched this report. This report provides a baseline for ESG reporting in Malaysia and offers vital insights for enhancing sustainability reporting in line with global best practices. The report examines ESG disclosure practices of 90 companies listed on Bursa Malaysia and some of the largest Malaysian asset owners. While larger companies showed significantly better ESG disclosure rates, gaps in environmental indicators—particularly climate change and biodiversity—were identified. The Securities Commission (SC) has laid out key recommendations to strengthen corporate ESG reporting and foster sustainable investment practices: 1️⃣ Reaffirm Objectives The SC should define clear objectives for corporate ESG reporting. This will ensure the collection of credible ESG data and enhance management oversight. 2️⃣ Widespread Implementation Encourage broader implementation of Bursa Malaysia’s ESG guidelines, focusing on corporations outside the top-50 in the Main Market. 3️⃣ Continuous Monitoring Monitor how new standards like IFRS S1 and S2 complement existing ESG guidelines and drive necessary changes in corporate reporting. 4️⃣ Promote Domestic ESG Practices Support domestic investors to drive demand for corporate ESG disclosures, aligning with global climate standards. #Sustainability #ESG #SustainableFinance #CorporateGovernance #IFRS #BursaMalaysia #SustainabilityReporting #Disclosure #CorporateGovernance #SustainableInvestments #ClimateChange #Biodiversity #ESGReporting #Investors

𝗘𝘅𝗰𝗶𝘁𝗶𝗻𝗴 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀 𝗶𝗻 𝗠𝗮𝗹𝗮𝘆𝘀𝗶𝗮! Malaysia is on its way to achieve greater corporate transparency and accountability in sustainability practices. Emerging from the Securities Commission Malaysia (SC) and Ministry of Environment and Water (MOEW), the recently initiated sustainability reporting framework focuses more on the environmental, social, and Governance aspects. Businesses in Malaysia are now required to integrate ESG metrics in their disclosures, aligning with global standards set by the ISSB. Non-compliance will face increased regulatory scrutiny. Check out how the specific reporting requirements can be of help to your business, you may want to read on https://shorturl.at/Cy5os #Malaysia #sustainability #ESG #sustainabilityreporting #regulatoryframework

In a world continuously shaped by ESG, how can businesses in Malaysia stay ahead? Join us on April 4th at 2 PM for a FREE webinar: https://bit.ly/4cdGJVf 🌱 Here's what you'll learn: - the business value of embracing ESG - assurance & tax incentives for ESG in Malaysia - the benefits of reporting tools for sustainability goals. Date: April 4, 2024 Time: 2:00 PM Malaysia Time Register now! #Sustainability #ESG #Malaysia #Webinar #ESGReporting

🌟 Only 7 days left until our highly anticipated webinar on ESG strategies for Malaysian businesses! Don't miss this exclusive opportunity to gain valuable insights from our experienced panel of speakers. Register now and secure your spot! https://bit.ly/4cdGJVf 📅 4 April 2024, Thursday I 2:00 - 3:30 PM MYT (UTC+8) #ESGStrategies #SustainableGrowth Sustainability #ESG #Malaysia #Webinar #ESGReporting

The report titled “ESG Disclosure: Assessment of Malaysia’s Listed Companies and Recommendations for Policy Development”, prepared in collaboration between The World Bank Group and the Suruhanjaya Sekuriti - Securities Commission Malaysia, provides a comprehensive evaluation of #environmental, #social, and #governance (#ESG) disclosure practices among #Malaysian listed #companies. The report aims to assess the current state of ESG reporting, highlight key gaps, and offer recommendations for improving policy frameworks to enhance ESG transparency and performance. The report finds that while there has been progress in ESG disclosure among Malaysian companies, significant inconsistencies and gaps remain. Many companies provide only basic ESG information, often focusing more on environmental and governance aspects, while social factors receive less attention. Additionally, the quality and depth of #ESGdata vary widely, limiting the ability of investors and stakeholders to accurately assess the #sustainability practices of these companies. Key challenges identified include the lack of standardized reporting frameworks, insufficient integration of ESG factors into corporate strategies, and limited regulatory requirements for comprehensive ESG disclosures. The report emphasizes the importance of aligning Malaysia’s ESG reporting practices with international standards, such as those from the Global Reporting Initiative (GRI) or the FSB Task Force on Climate-related Financial Disclosures (TCFD), to ensure greater consistency and comparability. To address these challenges, the report offers several policy recommendations. These include enhancing regulatory guidance on ESG disclosures, promoting capacity-building initiatives for companies, and encouraging the adoption of standardized ESG reporting frameworks. The report also advocates for increased stakeholder engagement and dialogue to raise awareness of the importance of ESG practices and to foster a more robust ESG reporting culture. In conclusion, the report underscores the critical role of ESG transparency in promoting #sustainabledevelopment and attracting responsible investment. By improving ESG disclosure practices, Malaysia can enhance its corporate governance standards and align more closely with global sustainability trends, ultimately supporting long-term #economicgrowth.

CLP is proud to maintain our consistent record of excellence in sustainability, governance and reporting with the Group receiving a series of awards in Hong Kong and the Asia-Pacific region this year including: • Sustainability Report of the Year, Special Award for Online Reporting in the private sector, and two Gold Awards at the Australasian Reporting Awards; • Platinum prize in the Most Sustainable Companies / Organisations Awards  in the Hang Seng Index category at the Hong Kong Institute of Chartered Public Accountants’ Best Corporate Governance and ESG Awards; • Best Report Award, Best ESG Reporting Award (Public Utility), and Citation for Online ESG Reporting at the Hong Kong Management Association’s (HKMA) Best Annual Reports Awards; • Distinction Award at the HKMA Hong Kong Sustainability Award; and • Best Annual Report and Best ESG Reporting (Large Cap) at the IR Magazine Awards — Greater China. We wish to express our thanks and appreciation to the award organisers and adjudicators for recognising CLP’s work on corporate governance and disclosures, as the Group continues our efforts to build a sustainable business and create long-term value for our stakeholders. #CLP #CLPsustainability #SustainabilityReport #AnnualReport

When regulations in Indonesia require companies to integrate ESG aspects into their business, many companies tend to focus only on meeting these regulatory requirements. However, an approach that is solely compliance-oriented often results in companies failing to fully realize the strategic opportunities offered by ESG. So, what should companies do? Watch the video below to learn more! 📮Consult your company's sustainability at bit.ly/contactcesgs ESG Intelligence __ #CESGS #ESG #ESGInsight #SustainabilityReport