National accounting and corporate legislation will be amended to account for new sustainability reporting requirements, with large listed companies the first group that must make climate-related disclosures by 2025.
Although these companies make up only about 30 per cent of all listed companies, they represent more than 80 per cent of total market capitalisation.“It’s wonderful to see the Pace initiatives in terms of the training and…best practice guidelines that are going to be available,” said Yasemin Techmen Stubbe, group head of sustainability of Malaysia-listed IHH Healthcare.“Sometimes it’s good to see others have done [the sustainability reporting]; it gives me more encouragement to do so,” she said at the NSRF launch.
Malaysian companies, starting with the largest publicly listed ones, will have to report the greenhouse gas emissions of their entire value chain starting from 2027, according to the country’s new National Sustainability Reporting Framework (NSRF).
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