Key Takeaways:

• Mandatory Reporting (NSRF & IFRS): The adoption of the National Sustainability Reporting Framework (NSRF), based on IFRS S1 and S2, mandates stronger reporting for public listed and large non-listed companies, increasing the need for data verification and assurance.
• Carbon Tax and Decarbonisation: The announced carbon tax for the energy and iron/steel sectors, influenced by the EU’s CBAM, creates a financial incentive for companies to accelerate decarbonization and ensure accurate Scope 1 and Scope 2 GHG reporting.
• Strengthening Governance: Companies must strengthen sustainability governance by integrating it into strategic planning and appointing a key leader to merge sustainability with financial reporting functions.
• Value Chain GHG Data & Scope 3: Crucial to enhance GHG data collection across the entire value chain, including upstream and downstream partners, and engage suppliers through education and awareness for accurate Scope 3 emissions reporting.
• Transparency and Greenwashing: Transparent communication with all stakeholders is essential to prevent greenwashing, which is defined as a lack of honesty in reporting sustainability progress and commitments.

This webinar is essential for public listed companies, large non-listed enterprises, SMEs, sustainability professionals, compliance officers, and business leaders interested in the future of ESG regulation and action in Malaysia. Watch the full webinar now!