Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia (SC), invites public feedback on a new Sector Guide 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 (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 Guide 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 consultations sought to understand the disclosure needs from their supply chains, including SMEs, MNCs, PLCs, and corporate governance stakeholders.
The Sector Guide is intended as an extension of the 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. The consultation paper is available here. Feedback on the consultation paper may be provided here.
