Sustainability

Malaysia’s Approach on Sustainability Reporting – IFRS S1 and S2

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The launch of the National Sustainability Reporting Framework (NSRF) sets a clear pathway for Malaysian companies to fully apply the IFRS Sustainability Disclosure Standards
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On 24 September 2024, the Advisory Committee on Sustainability Reporting (ACSR) with the support of the Ministry of Finance Malaysia, chaired by the Securities Commission and comprising of members from the Audit Oversight Board, Bank Negara Malaysia, Bursa Malaysia, Companies Commission of Malaysia and the Financial Reporting Foundation, has launched the National Sustainability Reporting Framework (NSRF).

In the keynote speech by our Minister of Finance II, YB Senator Datuk Seri Amir Hamzah Azizan during the launch of NSRF, he said “Malaysia now joins more than 20 jurisdictions, collectively representing 55% of global GDP, which have decided or taking steps to use the ISSB Standards”. This marks another significant step forward in the Malaysia’s commitment to integrating sustainability at the core of its economic development.