Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia (SC), today published a consultation paper seeking public feedback on new Sector Guides to supplement its Simplified ESG Disclosure Guide (SEDG) that features enhanced disclosures for five (5) significant sectors in Malaysia’s economy, namely Energy, Transport & Storage, Construction & Real Estate, Agriculture and Manufacturing.
Specifically, the consultation paper seeks feedback on additional recommended environmental and social disclosures specific to the five sectors. While the primary focus is on small-to-medium enterprises (SMEs) in the supply chain, CMM strongly encourages participation from all relevant stakeholders including mid-tier companies (MTCs), multinational companies (MNCs) and public listed companies (PLCs) within these industries.
The proposed Sector Guides incorporate feedback from multi-stakeholder groups within the five said industries, gathered from CMM’s focus group sessions, in preparation for this public consultation.
The Sector Guides are intended as an extension of CMM’s SEDG launched on 18 October 2023 to provide SMEs in global supply chains with a streamlined and standardised set of guidelines around environmental, social and governance (ESG) disclosures expected of these companies that are aligned with relevant global and local ESG frameworks.
These include the Global Reporting Initiative (GRI), the International Sustainability Standards Board (ISSB), the Bursa Malaysia Listing Requirements, Bursa’s Sustainability Reporting Guide as well as the Malaysian Code on Corporate Governance (MCCG).
The three-week public consultation period commences from 26 April 2024 to 17 May 2024. Interested parties are invited to submit their comments and feedback before the closing date.
Any queries in relation to this consultation paper may be submitted to Capital Markets Malaysia at [email protected].
The Securities Commission Malaysia (SC) set up CMM in 2014 to spearhead the local and international positioning as well as profiling of the Malaysian capital market. Funded by the Capital Markets Development Fund, CMM showcases the competitiveness and attractiveness of the various segments of the Malaysian capital market – to promote international participation and enhance opportunities for domestic capital market intermediaries.
