Kuala Lumpur, 23 December 2024 – Bursa Malaysia Securities Berhad (“Bursa Malaysia”
or “the Exchange”) today announced enhancements to the sustainability reporting
requirements in the MAIN Market and ACE Market Listing Requirements (collectively,
“Listing Requirements”) to align with the National Sustainability Reporting Framework
(“NSRF”)
The enhancements to the Listing Requirements seek to foster the use of the IFRS S1
General Requirements for Disclosure of Sustainability-related Financial Information and IFRS
S2 Climate-related Disclosures (collectively, the “IFRS Sustainability Disclosure Standards”)
as the baseline standards for sustainability reporting in Malaysia. These enhancements are
designed to improve the transparency and accountability of how listed issuers manage
their sustainability-related risks and opportunities (“SROs”) using a globally recognised
standard, ultimately strengthening business resilience and easing the reference and
comparability by investors.
Under the enhanced requirements, a listed issuer must prepare its sustainability
statement in the annual report (“Sustainability Statement”) in accordance with the IFRS
Sustainability Disclosure Standards. Additionally, the listed issuer must continue to include
the following information in its Sustainability Statement:
(a) metrics and targets that demonstrate the listed issuer’s performance and progress
of its SROs for the last 3 financial years on a rolling basis, together with a summary
of such data in a prescribed format; and
(b) a statement whether the listed issuer has subjected the Sustainability Statement
to internal review by its internal auditor or independent assurance performed in
accordance with recognised assurance standards.
Recognising the varying levels of maturity and readiness among listed issuers, the
enhanced requirements will be implemented in stages. Large MAIN Market listed issuers
(i.e., those with a market capitalisation of RM2 billion and above) will commence using the
IFRS Sustainability Disclosure Standards for annual reporting period on 1 January 2025
onwards, followed by the remaining MAIN Market listed issuers on 1 January 2026 and
ACE Market listed corporations on 1 January 2027. Pending full adoption, listed issuers
may use the IFRS Sustainability Disclosure Standards with transition reliefs
2focusing on a climate-first approach for 2 full financial years for the MAIN Market listed issuers and 3 full
financial years for the ACE Market listed corporations.
In line with Bursa Malaysia’s focus on customer-centricity, an explainer video will be made
available by the end of 2024 on MyBURSA at https://my.bursamalaysia.com/learn/
bursa-sustain/explorer/sustainability-reporting-framework-resources.
In addition to these enhancements, the Exchange also introduced amendments that
promote shareholder participation in general meetings of listed issuers by requiring in
person or hybrid meetings from 1 March 2025, and strengthen the accountability of listing
advisers by requiring them to be named in public documents of listed issuers for a
specified period from 2 January 2025.
For more information on the amended Listing Requirements, please refer to the following
webpages:
- Amendments to the MAIN Market Listing Requirements:
https://www.bursamalaysia.com/regulation/listing_requirements/main_market
/amendments_to_listing_requirements - Amendments to the ACE Market Listing Requirements:
https://www.bursamalaysia.com/regulation/listing_requirements/ace_market/
amendments_to_listing_requirements
About Bursa Malaysia
Bursa Malaysia is an Exchange holding company incorporated in 1976 and listed in 2005.
It has grown to be one of the largest bourses in ASEAN. Today, Bursa Malaysia operates
and regulates a multi-asset exchange, offering a comprehensive range of investment,
capital raising, and exchange-related facilities. Bursa Malaysia is committed to its mission
of Creating Opportunities, Growing Value for the Malaysian capital market, economy, and
society. Learn more at BursaMalaysia.com.
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