ESG reporting is becoming more prevalent not only among large corporation or public listed entities, smaller companies like SME’s are also following suit due to demand from their clients who have to comply to international standards and ensure there is no discrepancies in their supply chain network.
With the rising demand for ESG reporting and with many businesses still struggling to grasp the concept, ESGpedia with Simplified ESG Disclosure Guide (SEDG) Adopter Programme as an environmental, social and governance have launched a reporting platform to support disclosures among Malaysian small and medium-sized enterprises (SMEs) and drive its adoption.
The SEDG was first launched in October 2023 by Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia, making Malaysia the first country globally to provide SMEs within global supply chains with a streamlined and standardised set of guidelines in relation to ESG disclosures.
Asia’s leading ESG data and technology solutions company, STACS, will be integrating the SEDG into its ESGpedia reporting platform. The digitalised SEDG tool will be in the form of a digital assessment, equipped with guidance notes to provide SMEs additional information on the requirements of the disclosure.
Malaysian SMEs can also use ESGpedia platform’s embedded carbon calculator in accordance with GHG Protocol and ISO14064 methodologies to attain an automated carbon calculation and greater insights into their GHG emissions.
This enables Malaysian SMEs to leverage digitalisation to easily kickstart their ESG reporting journey in accordance with their local reporting requirements, and future-proof against looming ESG regulations globally, which will affect Asia’s supply chain competitiveness, especially for carbon-intensive markets.
Benjamin Soh, Founder and Managing Director at STACS, said: “SME enablement is key in maintaining competitiveness in the global supply chain. We are delighted to be facilitating the SEDG programme for Malaysia, to streamline the ESG reporting journey for Malaysian SMEs, helping them better position themselves and manage the increasing ESG regulatory requirements and scrutiny today.”
ESGpedia has presence across ASEAN, empowering corporates, SMEs, and the financial sector towards ESG reporting in accordance with international and country-specific frameworks such as the ISSB, GRI, PCAF, SEDG, and more.
