To raise sustainability practices and disclosures of listed issuers, Bursa Malaysia Securities Berhad ("
Under the Enhanced Sustainability Disclosures framework, the listed issuers will now be required to include the following disclosures in their Sustainability Statements:
- the prescribed common materialsustainability matters, the common indicators and how these matters are managed, to enhance the comparability of sustainability information;
- at least three financial years' data for each reported indicator, the performance targets for each reported indicator (if any) and a summary of such data and performance target in the prescribed format, to facilitate stakeholders' assessment of progress and to further promote listed issuers' accountability;
- a statement of assurance on whether the Sustainability Statement has been reviewed by internal auditor or independently assured, to strengthen the credibility of the Sustainability Statement;
- the prescribed general disclosures of sustainability information currently stipulated for Main Market listed issuers (applicable to
Ace Market listed issuers only), to enhance the internalization of sustainability management of ACE Market listed issuers in a structured and transparent manner; - climate change-related disclosures that are aligned with the
Task Force on Climate-related Financial Disclosures ("TCFD") Recommendations (applicable to Main Market listed issuers only), to improve climate change management; and - a basic transition plan towards a low-carbon economy (applicable to
Ace Market listed issuers only), to facilitate and integrate considerations of climate-related risks.
With the issuance of the Enhanced Sustainability Disclosures framework,
The full media release made by
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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