Malaysia releases Simplified ESG Disclosure Guide for SMEs in Supply Chains
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Wednesday, October 18, 2023
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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.