In a move that underscores the growing importance of sustainability in the business world, Bursa Malaysia, the premier stock exchange operator in Malaysia, has unveiled its highly anticipated 3rd edition sustainability reporting framework. This latest edition has been seamlessly integrated into diginexESG, marking a significant milestone in our commitment to providing cutting-edge tools for sustainable business practices.
The Bursa Malaysia sustainability guidance, which was first introduced to our platform in its 2nd edition, has been a valuable resource for companies seeking to enhance their environmental, social, and governance (ESG)practices. The latest iteration, the Bursa Malaysia 3rd Edition, introduces several notable enhancements and refinements, positioning it as a forward-looking blueprint for companies striving to achieve greater sustainability and transparency.
Key Enhancements in the Bursa Malaysia 3rd Edition:
- Amplified Focus on Climate Change Disclosures: Reflecting the global urgency to address climate change, the 3rd edition places an intensified emphasis on climate-related disclosures. Notably, these disclosures now adhere closely to the guidelines set forth by the Task Force on Climate-related Financial Disclosures (TCFD), ensuring alignment with internationally recognized best practices.
- Longitudinal Data Requirement: A significant evolution from its predecessor, the 3rd edition mandates the inclusion of a minimum of three years' financial data for each sustainability indicator. This modification aims to provide a more comprehensive view of a company's sustainability journey and progress over time.
- ACE Market Low-Carbon Trajectory: Specifically tailored for companies listed on the ACE Market, the 3rd edition introduces a comprehensive strategy to guide businesses toward a low-carbon trajectory. This strategic approach acknowledges the unique challenges and opportunities faced by ACE Market participants in their pursuit of sustainable operations.
Seamless Transition and Implementation:
As part of our commitment to smooth transitions and continuous improvement, we have implemented a phased approach to the integration of the Bursa Malaysia 3rd Edition into diginexESG. Currently, both the 2nd and 3rd editions coexist, ensuring that our clients have the necessary time and resources to adapt to the updated framework seamlessly. Notably, the2nd Edition has been thoughtfully adjusted to guide new users organically toward the 3rd Edition.