Malaysia releases Simplified ESG Disclosure Guide for SMEs in Supply Chains
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Mercoledì, Ottobre 18, 2023
Disclosure, Maybank, Corporate governance, TIG, Securities commission, Bhāṣā, Securities Commission Malaysia, CIMB, Capital market, SME, Malaysian Malay, Dato, Global Reporting Initiative, Simplification, DPMM, International Sustainability Standards Board, Volvo, Bursa, Sustainability, ESG, CMM, Navina Bole, Commerce, Learning, Non-governmental organization, Intermediate, Government, Policy, Bursa Malaysia, Environment, Business Finland, Adoption of free and open-source software by public institutions, Export Credit Guarantee Corporation of India, Medical device, Rare-earth element, Film industry, Renewable energy
First-of-its-kind guidance developed to support SMEs within supply chains in tracking and reporting their sustainability disclosures to remain relevant and competitive.
Key Points:
- First-of-its-kind guidance developed to support SMEs within supply chains in tracking and reporting their sustainability disclosures to remain relevant and competitive.
- KUALA LUMPUR, Oct 18, 2023 - (ACN Newswire) - Capital Markets Malaysia ("CMM"), an affiliate of the Securities Commission Malaysia ("SC"), today launched a Simplified ESG Disclosure Guide ("SEDG"), making Malaysia the first country globally to provide small-to-medium enterprises ("SMEs") within global supply chains with a streamlined and standardised set of guidelines in relation to environment, social and governance ("ESG") disclosures.
- In formulating the Guide, public and market consultations were conducted with multiple stakeholder groups -- including large multinational and public listed companies ("PLCs"), SMEs, and regulatory and policy stakeholders -- to better understand the disclosure challenges, needs and expectations of SMEs within the supply chain.
- The Adopter Programme will provide SMEs with access to in-person training, tutorials, and workshops nationwide to guide SMEs in disclosing ESG data.