Local adoption of IFRS S1 / S2 (ISSB Standards)
The Advisory Committee on Sustainability Reporting released the National Sustainability Reporting Framework in September 2024, and Bursa Malaysia amended its listing rules in December 2024 to require IFRS S1 and S2 reporting on a climate-first phased basis starting FY2025.
- Enforcement
- Mandatory
- Effective date
- Group 1 (Main Market issuers with market cap MYR 2bn and above): climate-first reporting from 1 January 2025, full S1/S2 from 1 January 2027. Group 2 (other Main Market issuers): climate-first from 1 January 2026, full S1/S2 from 1 January 2028. Group 3 (ACE Market issuers and large non-listed companies with annual revenue MYR 2bn and above): climate-first from 1 January 2027, full S1/S2 from 1 January 2030
- Covered entities
- Bursa Malaysia Main Market and ACE Market listed issuers (including REITs and business trusts) and large non-listed companies with annual revenue of MYR 2 billion and above, classified into three groups by size and listing venue