Malaysia’s National Sustainability Reporting Framework (NSRF), overseen by the Securities Commission Malaysia, mandates climate-related financial disclosures aligned with IFRS S1 and IFRS S2 standards. Main Market listed companies with market capitalisation above RM2 billion (Group 1) begin reporting Scope 1 and 2 emissions from financial year 2025, expanding to Scope 3 by FY2027 and mandatory ISSA 5000 assurance by FY2028. Smaller listed and unlisted large enterprises (Groups 2 & 3) follow on a staggered annual timeline.

Key Takeaways

1. Categorising Organisations: Understand how market capitalisation and annual revenue dictate reporting group tiers (Groups 1 to 3 and SMEs) to determine applicable NSRF compliance deadlines.
2. Navigating Compliance Timelines: Gain clarity on staggered implementation schedules for IFRS S1 and S2 disclosures, Scope 1, 2, and 3 emissions reporting, and mandatory ISSA 5000 assurance standards.
3. Mastering the Core Pillars: Explore the four essential pillars—governance oversight, climate strategy scenario analysis, ERM risk integration, and metrics alignment with Bursa Malaysia and SASB standards.
4. Practical Five-Step Roadmap: Follow a practical step-by-step roadmap from confirming timelines and assigning departmental ownership to strengthening data foundations and executing decarbonisation plans.
5. Overcoming Operational Resistance: Discover strategies for early cross-departmental engagement, workforce upskilling, and seed-planting initiatives to build internal readiness before mandatory deadlines.

Next Steps & Free Resources

1. Free Diagnostic Tool: Complete NSRF Readiness Gap Assessment to receive an instant diagnostic report on your organisational standing.