Insights - Bernard Business Consulting

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21 Oct 26

GHG Protocol Scope 2 Market-based Method Update: What Companies Need To Know.

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The Independent Standards Board (ISB) and Technical Working Group (TWG) have effectively decided the fate of the 2015 Scope 2 market-based method: annual matching without spatial deliverability is being phased out. For Malaysian companies aligning with the National Sustainability Reporting Framework (NSRF) and international disclosure baselines, this transition will invalidate…

16 Oct 26

CBAM Verification and Accreditation: What Malaysian Producers Need to Prepare

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For Malaysian producers whose EU customers intend to use actual emissions values under CBAM, preparing a calculation is only part of the task. Those values must also be verified by an independent verifier accredited for CBAM by an EU national accreditation body. The European Commission explains why these two concepts:…

16 Oct 26

Track, Check, Declare: Building a Year-Round CBAM Process

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CBAM compliance is not a once-a-year paperwork exercise. The European Commission presents a continuing cycle: track imports, check the information quarterly, submit an annual declaration and surrender the required certificates. For Malaysian businesses supplying EU customers, that cycle offers a useful framework for organising information. Instead of responding to a…

16 Oct 26

CBAM Certificates Explained: Costs, Deadlines and What Malaysian Exporters Should Understand

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CBAM certificates connect the emissions embedded in covered EU imports with the mechanism’s financial obligation. The European Commission informs why importers need to plan purchases, monitor their position and prepare for annual surrender rather than treat certificates as a last-minute transaction. For Malaysian exporters, the purchasing obligation normally sits with…

16 Oct 26

EU CBAM Implementation: A Practical Readiness Guide for Malaysian Exporters

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The first annual declaration under the European Union’s Carbon Border Adjustment Mechanism (CBAM) is due on 30 September 2027. However, that declaration covers goods imported during 2026. The definitive regime began on 1 January 2026, making preparation a current business task rather than a future filing exercise. The European Commission…

11 Oct 26

Malaysia Budget 2027 for ESG: Advancing Green Investment, Living Standards and Corporate Accountability

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Malaysia’s Budget 2027, tabled by Prime Minister and Minister of Finance Datuk Seri Anwar Ibrahim on 9 October 2026, brings environmental sustainability, living standards and institutional accountability into the country’s economic priorities. Anchored in the Ekonomi MADANI framework and the 13th Malaysia Plan, the budget connects investment in future growth…

01 Oct 26

Malaysia’s Sustainability Push: A New Professional Body and a Stronger Climate Finance Agenda

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Malaysia is taking steps to strengthen both the people and financing needed to advance its sustainability agenda. Two developments point to a shared priority: building the capabilities, collaboration and practical investment pathways needed to turn climate and nature commitments into action. The first is the planned establishment of the Association…

18 Sep 26

NSRF Sustainability Assurance Deferred to 2028: What Malaysian Corporates Should Do Now

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Takeaways Mandatory Scope 1 and Scope 2 GHG assurance begins in 2028 for Group 1 entities. Group 2 and Group 3 entities will follow in 2029 and 2030 respectively. The deferral does not change existing NSRF reporting obligations. Reasonable assurance requires reliable data, evidence and internal controls. Companies should use…

08 Sep 26

EU CBAM 2026 Update: A Practical Guide for Malaysian Manufacturers Exporting to Europe

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The EU Carbon Border Adjustment Mechanism (CBAM) is now a live commercial issue for Malaysian manufacturers exporting selected carbon-intensive products to the European Union. Although the legal CBAM obligation normally sits with the EU importer, Malaysian producers must provide the emissions data that importers need to declare embedded emissions and…

20 Aug 26

ISO 14064-1 Organisational Boundaries: Equity Share, Financial Control or Operational Control?

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Which ISO 14064-1 Organisational Boundary Should Your Company Choose? Your company should choose an ISO 14064-1 organisational boundary based on how it owns, controls and manages each operation. The three recognised approaches—equity share, financial control and operational control—can produce different inventory results for joint ventures, leased facilities, subsidiaries and managed…