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Malaysian Stock Exchange to Launch ESG-Reporting Platform
March 28, 2023On March 22, 2023, Malaysian stock exchange Bursa Malaysia and the London Stock Exchange Group announced the development of a centralized ESG-reporting platform (Platform), due to launch in April 2023. The Platform has been designed to allow companies listed on Bursa Malaysia to disclose ESG data using a global standard based on the Task Force on Climate-Related Financial Disclosures recommendations. The platform also is intended to “accelerate swift adoption” of issuers’ “supply chain’s carbon emissions” (including based on data from non-listed organizations) and “help banks develop green financing products and services.” Educational and training on the Platform will begin in July of this year, with mandatory disclosure requirements starting in March 2024.
