Bursa Malaysia Securities Berhad (Bursa Malaysia) is set to unveil the Bursa Malaysia ESG Reporting Platform (ESG Reporting Platform) on 4 December 2023. Developed in collaboration with London Stock Exchange Group (LSEG), 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 (Main LR) and ACE Market Listing Requirements (ACE LR) (collectively, Listing Requirements), introduced on 26 September 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 (ISR) for a visual representation of this requirement.
Concurrent with the ESG Reporting Platform launch, the Exchange also issued user guides and videos aimed at assisting listed issuers in navigating the available functionalities. The user guides and videos can be accessed by registered Bursa LINK users.
“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 familiarise themselves with the respective requirements.
“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,” said Julian Hashim, Chief Regulatory Officer, Bursa Malaysia.
As previously communicated, listed issuers are advised to refer to the following web pages for more information on the amended Listing Requirements pertaining to the enhanced sustainability reporting requirements:
- Amendments to the Main Market Listing Requirements :
https://www.bursamalaysia.com/regulation/listing_requirements/main_market/amendment s_to_listing_requirements
- Amendments to the ACE Market Listing Requirements :
https://www.bursamalaysia.com/regulation/listing_requirements/ace_market/amendments_ to_listing_requirements
For further support on embedding sustainability in companies, the Exchange also offers the following resources which are available on Bursa Sustain [Resources|Bursa Sustain (bursamalaysia.com)] :
a) Bursa Malaysia’s Sustainability Reporting Guide and Toolkits (3rd Edition); and b) Bursa Malaysia’s Illustrative Sustainability Reporting Guide (ISR).
