The Securities Commission Malaysia (SC) plans to adopt the International Sustainability Standards Board (ISSB), which is custom-fitted to the local context, with the aim to instil sustainability principles within Malaysian businesses. SC chairman Datuk Seri Dr Awang Adek Hussin said that it will embed sustainability into the DNA of Malaysia’s corporations. ISSB was formed to meet the demand for global sustainability standards and aims to provide investors and financial markets with clear and consistent information about sustainability. The ISSB builds on the work of market-led investor-focused reporting initiatives including the Climate Disclosure Standards Board (CDSB), the Task Force for Climate-related Financial Disclosures (TCFD), the Value Reporting Foundation’s Integrated Reporting Framework and industry-based SASB Standards, as well as the World Economic Forum’s Stakeholder Capitalism Metrics.

Source: The Sun