The ISSB Standards serve as a baseline standard which will constitute the National Sustainability Reporting Framework (NSRF) in Malaysia.

The ACSR aims to identify enablers that will facilitate the implementation of the ISSB Standards, specifically IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures).

The consultation paper seeks feedback on key issues including the scope and timing for implementation, the transition reliefs required, and issues related to assurance for sustainability disclosures.

While the primary focus is on listed issuers and large non-listed companies, the ACSR strongly encourages participation from mid-tier companies and SMEs to ensure a comprehensive understanding of industry needs and challenges.

In addition to commercial entities, feedback from information users such as investors, rating agencies, interested organisations and those providing assurance services is crucial to ensuring an inclusive consultation process.

The public consultation period is from 15 February 2024 to 29 March 2024. (The closing date is now extended compared to the earlier date of 21 March 2024).

The consultation paper is available here.  Any queries may be submitted to the ACSR Secretariat at [email protected].