KUALA LUMPUR, Bursa Malaysia Securities Bhd has issued a consultation paper seeking the public's feedback on the proposed sustainability reporting enhancements to the Main Market and ACE Market Listing Requirements (LR), in line with the National Sustainability Reporting Framework (NSRF). The NSRF was launched by Finance Minister II, Datuk Seri Amir Hamzah Azizan at the Securities Commission Malaysia today. It aims to address the use of the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB), specifically the IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information, and IFRS S2 Climate-related Disclosures (ISSB Standards). In a statement, Bursa Malaysia said it is proposing to require listed issuers to prepare their sustainability statement in accordance with the ISSB Standards, complemented by relevant existing disclosures in the sustainability reporting framework introd uced in September 2022. "The adoption of the ISSB Standards would be implemented in phases, complemented by appropriate relief measures to facilitate and ease compliance by listed issuers," it said. Separately, Bursa Malaysia is also seeking feedback on two other areas in reviewing the LR, relating to the mode of general meetings and the publication of the initial public offering adviser's name in a listed issuer's public documents for a specified period. It said the proposed amendments are part of the exchange's ongoing commitment to ensure that listed issuers embrace the rapidly evolving sustainability practices globally, and that the LR remains fit for purpose in serving the changing needs of investors and stakeholders. Further details on the consultation paper and the proposed amendments to the LR are available at https://www.bursamalaysia.com/regulation/public_consultation. Bursa Malaysia welcomes views and feedback from the public on the proposed amendments, inviting them to submit their comments b y Oct 25, 2024. Source: BERNAMA News Agency