KUALA LUMPUR: Bursa Malaysia Securities Berhad (“Bursa Malaysia” or “the Exchange”) has announced enhancements to the sustainability reporting requirements under the Main Market and ACE Market Listing Requirements. These updates align with the National Sustainability Reporting Framework (NSRF) to improve transparency and accountability in managing sustainability-related risks and opportunities (SROs).
The new requirements incorporate the IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures, establishing globally recognized standards for sustainability reporting in Malaysia.
- Mandatory IFRS Standards
- Listed issuers must prepare their sustainability statements in the annual report following the IFRS Sustainability Disclosure Standards.
- Performance Metrics
- Sustainability statements must include metrics and targets demonstrating performance and progress on SROs for the past three financial years, along with a summarized data format.
- Internal Review or Assurance
- Issuers must disclose whether the sustainability statement was subjected to internal audit review or independent assurance following recognized standards.
To accommodate varying levels of readiness, the enhanced requirements will be implemented in stages:
- Large Main Market Issuers (Market Cap ≥ RM2 billion): Effective from 1 January 2025.
- Other Main Market Issuers: Effective from 1 January 2026.
- ACE Market Issuers: Effective from 1 January 2027.
Issuers may use transition reliefs during the adjustment period, focusing on a climate-first approach for two years (Main Market) and three years (ACE Market).
- General Meetings
- Starting 1 March 2025, issuers must hold in-person or hybrid meetings to promote shareholder participation.
- Listing Advisers
- From 2 January 2025, issuers must disclose the names of listing advisers in public documents for a specified period.
An explainer video will be available on MyBURSA by the end of 2024:
MyBURSA Sustainability Framework Resources
Detailed amendments to the Listing Requirements can be found here:
- Main Market: Amendments to the Main Market Listing Requirements
- ACE Market: Amendments to the ACE Market Listing Requirements
