Sustainability Governance
Sustainability Governance
Our Board is ultimately accountable for ensuring that sustainability is taken into account when setting the strategic direction of Bursa Malaysia, and it is also embedded into our day-to-day operations. There are two Board Committees that deal with sustainability-related issues:
1. Sustainability and Development Committee (SDC)
- SDC is responsible to oversee the development and implementation of strategies including sustainability strategies.
- SDC also oversees the business plans and key initiatives of Bursa Malaysia Group having regard to sustainability considerations, in line with the Malaysian Code on Corporate Governance
2. Risk Management Committee (RMC)
- RMC is responsible to oversee the risk management framework and policies, which includes keeping abreast with new or emerging trends, as well as reviewing, monitoring and assessing the control effectiveness of the key risks such as sustainability- and climate-related risks
- RMC also oversees the Compliance, Business Continuity Management (BCM) and Integrity & Governance Unit (IGU) functions of the group.
As we work towards embedding sustainability within our core functions and ensuring that sustainability is a key consideration in all business decisions, the management oversight function that was previously performed by the Corporate Sustainability Committee (CSC) is now subsumed under the Management Committee (MC). MC is chaired by the CEO and made up of members from key senior management positions across all divisions/departments of the organisation. Thus, the forum for deliberations of sustainability-related matters is now more inclusive and all-encompassing.
The development and implementation of sustainability strategies across our businesses are undertaken by Group Sustainability and also other divisions/departments, as may be relevant. Group Sustainability is headed by the Director of Group Sustainability, who reports directly to the CEO.