In Bursa Malaysia issued amendments to the Main Market Listing Requirements (“Main LR”) and ACE Market Listing Requirements (“ACE LR”) related to sustainability statements in annual reports (“Sustainability Amendments”). The amendments take effect from 31 December 2016 to 31 December 2018. The main Listing Requirements were amended to require the disclosure of a “Sustainability Statement” covering material sustainability matters: “a listed issuer must include in its annual report, a narrative statement of the listed issuer’s management of material economic, environmental and social risks and opportunities”. The amendments provide that companies filling a sustainability report based on the Global Reporting Initiative (GRI) Guidelines are automatically compliant. The amendments are accompanied by a Sustainability Reporting Guide and Toolkits issued by Bursa Malaysia, guidance in which the GRI is strongly referenced. Principles such as materiality are based on guidance of the GRI Guidelines.
Industry sectors covered by the instrument
Organizations covered by the instrument
All listed companies
Type of instrument
Mandatory or voluntary
The geographical scope