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Bursa Malaysia is committed to delivering sustainable value for all our stakeholders by creating a vibrant marketplace, protecting the integrity of our marketplace and being a responsible PLC. We constantly engage with our stakeholders to ensure that we integrate key and long-term economic, social and environmental elements into our business strategies and practices.

Driving Sustainability

Driving Sustainability

As a regulator Bursa Malaysia consistently encourages listed issuers to adopt good CG and sustainability practices.

We promote best sustainability practices and disclosures among our Malaysian listed issuers to secure long-term viability of our listed issuers and our marketplace. Our strong commitment has been clearly demonstrated in the various initiatives we have carried out since 2006.

Strengthening Our Listing Requirements

In October 2015 we launched a new Sustainability Framework, In October 2015 we launched a new Sustainability Framework, comprising amendments to the Listing Requirements for both the Main Market and ACE Market, as well as the issuance of a Sustainability Reporting Guide and Toolkits. Under these amendments, listed issuers are required to release a Sustainability Statement within their Annual Report containing information relating to the management of their material sustainability matters.

These listing amendments came into force on 31 December 2016 for our listed issuers with a market capitalisation of RM2 billion and above, requiring a Sustainability Statement within Annual Reports issued for financial years ending on or after this date. Further implementation is staggered over the next three years, with all our listed issuers to be reporting on sustainability matters within their Annual Report for financial years ending on or after 31 December 2018.

2017 will be the first year of sustainability reporting for many of our listed issuers. We have focused on providing advocacy and support to guide these companies through this process, and to help them find value through embedding sustainability strategy within their organisation.

Support For Our Listed Issuers

Following the launch of Bursa’s Sustainability Reporting Framework in 2015, we embarked on a series of advocacy and training programmes for listed issuers in 2016 with market cap of RM2 billion and above. Programmes are offered free of charge to out listed issuers and were customised for various management levels and sectors, including Directors and Chief Executive Officers; Chief Financial Officers and Chief Sustainability Officers; practitioners; and company secretaries to ensure that they understood the requirements under the new Listing Requirements and the value propositions of sustainability to their business. A total of 26 sessions were held with 824 participants.

In addition to our advocacy and training programmes, we engaged via phone and over email with 100 listed Issuers issuing their Sustainability Statements in 2017 to understand their challenges and provide input on how to embed sustainability into their organisation.

Generally, sustainability disclosure in Malaysia is still at a nascent stage with the exception of several advanced reporters. In the future, we see nonfinancial disclosure playing a bigger role in how companies are being assessed for their overall performance. Integrated reporting is already picking up pace locally and we will certainly continue to see many more companies heading this direction.

Going Forward

We will continue engaging with our listed issuers and offering our suite of sustainability reporting training and advocacy programmes, extending the reach to include our companies who are due to beginning their reporting from financial year end on or after 31 December 2017.