A proposed simplified environmental, social and governance (ESG) disclosure guide set to be launched in November this year will align with major global frameworks and reporting standards, including the Global Reporting Initiative (GRI) and ISSB (International Sustainability Standards Board). Capital Markets Malaysia, an affiliate of the Securities Commission (SC), has introduced the proposed simplified ESG disclosure guide for public consultation. The guide, which aims to offer practical, structured guidance for small-to-medium enterprises (SMEs), was developed after the SC recognised challenges faced by SMEs in embedding sustainability practices in their business operations.

Source: Regulation Asia