Capital Markets Malaysia, an affiliate of the Securities Commission Malaysia has launched a public consultation on the Simplified ESG Disclosure Guide (SEDG) for Small to Medium Enterprises (SMEs). The aim of this Guide is to support SMEs in their adoption of Sustainability by providing guidance on the data requirements of their journey. The objectives of the Guide include:
- To provide SMEs (as the data preparers) and stakeholders (as the data requesters) with a simplified and standardised set of ESG disclosures that align with selected global and local frameworks; and
- To provide policy and principles-based standard setters with a set of ESG disclosures in support of their guidance.
- To achieve the company’s own goal of adopting Sustainability to be competitive and relevant;
- To respond to requests from stakeholders, including customers, investors, banks/financiers and regulators; and
- To qualify for incentives provided to companies with enhanced ESG disclosures.