The NSRF incorporates the IFRS Sustainability Disclosure Standards developed by the International Sustainability Standards Board (ISSB). These standards include the IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information and the IFRS S2: Climate-related Disclosures (collectively referred to as the ISSB Standards).
The primary objective of the NSRF is to ensure that corporate Malaysia delivers consistent, comparable, and reliable sustainability information, thereby enhancing the nation's competitiveness and appeal to investors. With the launch of the NSRF, Malaysia joins more than 20 jurisdictions around the world, representing a collective global gross domestic product (GDP) of 55%, which have adopted or are moving towards implementing IFRS S1 and S2 standards.
The NSRF will adopt a phased and developmental approach, promoting widespread adoption and continuous improvement in the quality of disclosures.
The adoption of IFRS S1 and S2 will be implemented simultaneously starting in 2025, initially affecting Main Market listed issuers with a market capitalization of RM2 billion or more.
Following the launch of the National Sustainability Reporting Framework (NSRF) Bursa Malaysia has issued a consultation paper seeking public feedback on proposed sustainability reporting enhancements to the Main Market and ACE Market Listing Requirements.
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