Best Practices For Sustainability Reporting – What A Company Director Needs To Know

The Sustainability Report is an important shareholders communication document and a vital information kit to outline governance assurance standards, business strategies for sustainable growth, capital funding requirements, dividend goals, key risks and mitigation efforts, talent development initiatives, social commitment to the community and the product safety for consumption and the environment.

Effective 31 December 2015, listed entities with market capitalization above RM 2.0 billion need to demonstrate its Sustainability Plan in the format of A Sustainability Report, which is mandatory under the Listing Requirements of Bursa Malaysia Securities Berhad [paragraph 9.45(2) and paragraph (29), Part A of Appendix 9C of the Main Market Listing Requirements (supplemented by Practice Note 9) and paragraph (30) of Appendix 9C of the ACE Market Listing Requirements (supplemented by Guidance Note 11)]. Once the threshold of RM2.0 billion market capitalization is recorded on 31 December 2015, the requirement to comply with this listing rule must be adhered thereafter, even if the market capitalization subsequently drop below RM2.0 billion, in subsequent financial years.

4 CEP Hours