On 24 October 2023, Bursa Malaysia Berhad (Bursa) issued a media release stating that Bursa is developing the Centralised Sustainability Intelligence (CSI) Platform, to be used by both public listed companies (PLCs) and non-listed small and medium enterprises (SMEs) to assess their carbon emissions impact, disclose standardised environmental, social and governance (ESG) data in compliance with both local requirements and global standards, to subsequently facilitate access to sustainable financing.
The CSI platform users can benefit via:
- Streamlined Reporting: Saving time and resources for companies, as inputs only need to be done once to report against global standards such as the Global Reporting Initiative (GRI), Task Force on Climate-Related Financial Disclosures (TCFD) and the upcoming International Sustainability Standards Board (ISSB). The output or reports generated can then be used to address the requirements of stakeholders, which include investors, customers, and financial institutions.
- Accelerated Decarbonisation: Ease of monitoring companies’ carbon emissions across their value chain and empowering companies to develop effective decarbonisation strategies using data collated from the platform.
- Enhanced Access to Funds: Provide valuable insights on sustainability performance that will enable companies to increase access to funding for green initiatives.
Please click here for the Media Release.
