Bursa Develops Sustainability Framework For Practitioners and Key Actors

Bursa Malaysia together with the UN Global Compact Network Malaysia & Brunei has developed a joint Corporate Sustainability Practitioner (CSP) Competency Framework that serves to support the credentials building of practitioners and professionals involved in Malaysia’s corporate sustainability space.

In addition to the framework, the both have created a digital self-assessment tool that can recommend reading materials to practitioners to assist them in developing individual capacity and capability in order to better carry out the sustainability-related functions.

“As public awareness on the sustainable development agenda continues to grow, sustainability considerations are fast becoming key considerations in doing business,” said Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia who hopes the newly developed competency framework and digital self-assessment tool can serve as a common language on the key competencies expected for such roles within an organisation. The CSP Competency Framework communicates the various competencies and capabilities across the areas of knowledge, skills, and beliefs. These are mapped against three levels of sustainability-related positions, which are the Chief Sustainability Officer, the Sustainability Manager, and the Sustainability Executive.

The identified competencies and sub-competencies apply to businesses of all industries, business models, and sizes. It also includes widely accepted practices and initiatives to assist practitioners in developing sustainability strategies, management programmes, as well as approaches to sustainability reporting. Faroze Nadar, Executive Director of UNGCMYB said, “The tools are designed to support the professionalising of competent sustainability practitioners, enabling them to be key actors to drive and support the transition of sustainable businesses. With the rising demand of sustainable trades, upskilled sustainability practitioners will enable both their organisation and country to be both competitive and resilient in a green economy.”

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