Bursa Malaysia Securities Berhad is set to unveil the Bursa Malaysia ESG Reporting Platform on 4 December 2023. Developed in collaboration with London Stock Exchange Group, 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 and ACE Market Listing Requirements
The Exchange said 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
