CMM invites feedback on sectoral guidance supplemental to ESG disclosure guide for SMEs

LUMPUR: Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia (SC), has published a consultation paper and inviting public feedback on new Sector Guides to supplement its Simplified Environmental, Social, and Governance (ESG) Disclosure Guide (SEDG).

The Sector Guides are intended as an extension of CMM’s SEDG launched on Oct 18, 2023 to provide small and medium enterprises (SMEs) in global supply chains with a streamlined and standardised set of guidelines around ESG disclosures expected of these companies that are aligned with relevant global and local ESG frameworks.

These include the Global Reporting Initiative (GRI), the International Sustainability Standards Board (ISSB), the Bursa Malaysia Listing Requirements, Bursa’s Sustainability Reporting Guide as well as the Malaysian Code on Corporate Governance (MCCG).

CMM said the Sector Guides feature enhanced disclosures for five significant sectors in Malaysia’s economy, namely Energy, Transport & Storage, Construction & Real Estate, Agriculture and Manufacturing.

The consultation paper specifically seeks feedback on additional recommended environmental and social disclosures specific to the five sectors.

“While the primary focus is on small-to-medium enterprises (SMEs) in the supply chain, CMM strongly encourages participation from all relevant stakeholders including mid-tier companies (MTCs), multinational companies (MNCs) and public listed companies (PLCs) within these industries,” CMM said in a statement.

A three-week public consultation period commences today until May 17, 2024, and interested parties are invited to submit their comments and feedback before the closing date.

Queries about the consultation paper may be submitted to Capital Markets Malaysia at general@ capitalmarketsmalaysia.com — Bernama