Sustainability reporting in Malaysia: which framework to choose?
Bursa Malaysia has demonstrated a commitment to sustainability by asking listed companies to disclose a narrative statement of their material economic, environmental and social (EES) risks and opportunities in their annual reports.
Compliance with the initiative may sound easy to some companies, but it would in fact require a lot of thinking, internal alignment and possible organisational changes. The focus on materiality, governance and management - as suggested by Bursa Malaysia - encourages companies to bring investor relations and sustainability teams together and agree how sustainability supports the investment proposition. In my mind, this is the main advantage of the initiative.