Navigating New Requirements: Enhanced Sustainability Reporting in Malaysia

Sustainability reporting is a vital aspect of corporate transparency, driven by stakeholder demands for greater accountability in ESG practices. In Malaysia, Bursa Malaysia has mandated enhanced sustainability reporting for listed companies starting from the fiscal year ending December 31, 2023, with full implementation by 2025.

PwC's “Gaps in Sustainability Reporting” report highlights current challenges and areas for improvement in Malaysia. We speak with Farhana Jabir, Director of Sustainability & Climate Change at PwC Malaysia, to discuss the foundational elements of an ESG strategy and sustainability reporting, the evolving regulatory landscape, and the role of independent assurance. We also dive into the importance of obtaining top-down buy-in from the board, as well as managing and meeting stakeholder expectations, from the boardroom and regulators to suppliers and employees.