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SC: Bursa-listed and large non-listed companies required to comply with NSRF

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WASHINGTON (Reuters) - A senior executive at cybersecurity firm CrowdStrike will apologize at an appearance before a U.S. House of Representatives subcommittee on Tuesday for the company's faulty software update that caused a global IT outage in July.

KUALA LUMPUR: The National Sustainability Reporting Framework will require companies listed on Bursa Malaysia's Main and ACE Markets, along with large non-listed firms generating annual revenue of RM2 billion or more, to comply with new sustainability reporting standards.

He said the companies are the ones with significant impact to the capital markets and represent over 80 per cent of market capitalisation on Bursa Malaysia, adding that the first report is due in 2026. "You may be interested to know that we are using the transition reliefs provided by the International Sustainability Standards Board in addition to mandating Scope 3 disclosures and audit verified reports, starting in 2027," he said during the launch of NSRF here today.

To this end, he said the SC has issued the"Simplified Environmental, Social and Corporate Governance Disclosure Guide” developed by Capital Markets Malaysia to assist them.

 

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