Bursa Malaysia Securities Berhad (Bursa Malaysia) is set to unveil the Bursa Malaysia ESG Reporting Platform on Monday.
The firm said in a statement that this platform will act as a repository for disclosures conforming to the prescribed format mandated under Bursa Malaysia’s enhanced sustainability reporting requirements within the main market listing requirements and ACE market listing requirements, introduced on September 26, 2022.
Without additional cost, listed issuers will access the ESG Reporting Platform via the Bursa LINK system to generate a summary performance table, which must then be disclosed in their respective sustainability statements.
The performance table must include indicators and data pertinent to the listed issuer’s material sustainability matters. Listed issuers can refer to Bursa Malaysia’s Illustrative Sustainability Reporting Guide for a visual representation of this requirement.
“We are implementing the enhanced sustainability reporting requirements for main market and ACE market listed issuers in a phased approach, accompanied by supporting user guides and illustrative toolkits, to provide listed issuers time to familiarize themselves with the respective requirements,” said Julian Hashim, Chief Regulatory Officer, Bursa Malaysia.
“We are pleased to see the enhanced disclosures being undertaken with noteworthy progress in sustainability-related practices and disclosures by many listed issuers even before the mandatory periods,
“This puts our listed issuers in good stead as Malaysia pushes the bar for more robust ESG disclosures over the next few years,” he added.