Business Daily Media

The Times


.

Malaysia releases Simplified ESG Disclosure Guide for SMEs in Supply Chains

First-of-its-kind guidance developed to support SMEs within supply chains in tracking and reporting their sustainability disclosures to remain relevant and competitive.

KUALA LUMPUR, MALAYSIA - Media OutReach - 18 October 2023 – Capital Markets Malaysia ("CMM"), an affiliate of the Securities Commission Malaysia ("SC"), today launched a Simplified ESG Disclosure Guide ("SEDG"), making Malaysia the first country globally to provide small-to-medium enterprises ("SMEs") within global supply chains with a streamlined and standardised set of guidelines in relation to environment, social and governance ("ESG") disclosures.

SEDG Image.png
From Left to Right: Brahmal Vasudevan (Board Member, Capital Markets Malaysia), Datin Azalina Adham (Board Member, Capital Markets Malaysia), Dato' Seri Dr. Awang Adek Hussin (Chairman, Capital Markets Malaysia & Executive Chairman, Securities Commission Malaysia) and Navina Balasingam (General Manager, Capital Markets Malaysia)

The SEDG consolidates and simplifies the many complex global and local ESG-related frameworks to improve the availability of ESG data and information by SMEs.

In formulating the Guide, public and market consultations were conducted with multiple stakeholder groups -- including large multinational and public listed companies ("PLCs"), SMEs, and regulatory and policy stakeholders -- to better understand the disclosure challenges, needs and expectations of SMEs within the supply chain.

Dato' Seri Dr. Awang Adek Hussin, Executive Chairman of SC, and Chairman of CMM said, "As the global sustainability movement forges ahead amid heightened regulatory scrutiny and investor demand for more deliberate company action towards net zero goals, the SC is committed to ensuring that our companies, both large and small, are prepared to meet global ESG requirements."

"Recognising that SMEs are particularly exposed to risks from supply chain vulnerabilities, the SC welcomes the release of the SEDG which will help SMEs get ahead of the curve and remain relevant in a constantly evolving global marketplace," he said.

"As we collectively transform and elevate Malaysia's economic system through the adoption of international standards and best practices, it is important to ensure that no SME is left behind. To support inclusive and extensive adoption, CMM will launch the Bahasa Malaysia and Simplified Mandarin versions of the SEDG by end 2023," Dato' Seri Dr. Awang Adek added.

The release of the SEDG is aligned with recent national policy initiatives aimed at elevating business in Malaysia towards a synergy in commercial success and sustainability, particularly in the manufacturing sector, as the nation steps up its net zero commitments. These include the New Industrial Master Plan (NIMP) 2023, as well as the Industry Environmental, Social, and Governance (i-ESG) Framework and National Energy Transition Roadmap (NETR).

The SEDG comprises 35 priority disclosures that are aligned with local and global sustainability guidelines which will enable SMEs to respond to disclosure requests from multiple stakeholders, including but not limited to customers, investors, banks and regulators.

It is further categorised into Basic, Intermediate and Advanced, to cater to the different levels of sustainability maturity of each SME. The disclosures are applicable across all industries with different levels of priority, and SMEs are encouraged to determine the significance and relevance of these disclosures to their companies.

"The journey of adopting sustainable practices can be daunting for SMEs. As such, our goal is to empower them with a framework that provides straightforward guidance that is structured and practical for SMEs to navigate the process of tracking and reporting their ESG data," said Navina Balasingam, the General Manager of CMM. "Beyond the Guide, CMM has also launched our SEDG Adopter Programme to support supply chain actors."

The Adopter Programme will provide SMEs with access to in-person training, tutorials, and workshops nationwide to guide SMEs in disclosing ESG data. The programme aims to facilitate learning and sharing of experiences from a community of practitioners facing similar successes and challenges in implementing ESG reporting.

"We are encouraged by the overwhelming reception to the SEDG Adopter Programme which includes major multinational supply chain players, SMEs, numerous financial institutions, government agencies and NGOs, as well as several local chambers of commerce. Their commitment to encourage and support SMEs within their networks to develop ESG reporting practices is highly commendable," Navina added.

The early adopters of the SEDG from the various categories include CIMB Bank, Credit Guarantee Corporation, Generali, Hong Leong Bank, Malaysia Venture Capital Management (MAVCAP), Maybank, Nestlé Malaysia, PANTAS, Penjana Kapital, Thoughts in Gear (TIG), UOB Bank and Volvo Trucks Malaysia.

The rest include Dewan Perniagaan Melayu Malaysia (DPMM), The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM), The Malaysian Associated Indian Chambers of Commerce and Industry (MAICCI), Small and Medium Enterprises Association (SAMENTA), SME Association of Malaysia, Malaysian Dutch Business Council (MDBC), Business Finland and UN Global Compact Network Malaysia & Brunei.

The SEDG is aligned to global, local and government frameworks and reporting standards including the Global Reporting Initiative ("GRI"), the International Sustainability Standards Board ("ISSB"), the Bursa Malaysia ("Bursa") Listing Requirements, Bursa's Sustainability Reporting Guide as well as the Malaysian Code on Corporate Governance ("MCCG"). CMM also plans to launch specialised sectoral disclosure guidance in early 2024.

For more information, visit https://sedg.capitalmarketsmalaysia.com/
Hashtag: #CapitalMarketsMalaysia #CMM #SEDG



The issuer is solely responsible for the content of this announcement.

News from Asia

Armacell Deepens Asia‑Pacific Industry Engagement to Drive Energy Efficiency, Sustainability and Fire Safety

Supporting Asia‑Pacific's transition from BS 476 to the more comprehensive EN 13501‑1 fire‑classification framework ArmaPrene™‑based insulation, including ArmaFlex® Ultima, achiev...

Aon Highlights Maturing Transaction Risk Market in Asia Pacific Region as Claims Trends Evolve

SINGAPORE - Media OutReach Newswire - 14 July 2026 – Aon plc (NYSE: AON), a leading global professional services firm, has released Asia Pacific (APAC) findings from its 2026 Global Transaction ...

Asia’s Debut of LEAP East in HKCEC Marks Hong Kong’s Largest Inaugural Tech Summit

Hong Kong Secures Exclusive Three-Year Deal with Tahaluf for LEAP East; Set to Return to HKCEC in 2027, Reinforcing the City’s Global I&T LeadershipHONG KONG SAR - Media OutReach Newswire - 1...

L’OCCITANE Malaysia’s 7th Race for Vision Draws 3,000 Participants, Donates RM50,000 to Support Children’s Eye Health in Kelantan

Annual charity run champions eye health, visual inclusion, sustainability and community connection while funding a new Schoolchildren Refractive Error Intervention ProgrammeKUALA LUMPUR, MALAYSIA -...

Central & Western District Youth-to-Career Expo Connects Hong Kong Youth to Future Careers in AI Era

Two-day flagship youth to career exploration event unites 30+ corporates and organisations for youth empowerment, officiated by Alice Mak, SBS, JP, Secretary for Home and Youth AffairsHONG KONG SAR...

HKSTP Park Company Wins 2nd Runner-Up in Rocket Fuel East Startup Competition

Largest Ecosystem Lineup at LEAP East 2026 Achieves Over 1,500 Business Matching Sessions MEINONG ROBOT, a company within HKSTP ecosystem, stood out among more than 500 competing startups to...

KPMG and NLB launch Read to Lead to build reading as a national workforce capability

Read to Lead: Building an AI-Ready Mind promotes reading in the workplace and equips PMETs and business leaders with professional discernment skills for an era when not all informati...

HKUST and Indonesia's Ministry of Higher Education, Science, and Technology Deepen Partnership with Garuda Scholarship Framework to Nurture Top-Tier Talent

HONG KONG SAR - Media OutReach Newswire - 14 July 2026 - The Hong Kong University of Science and Technology (HKUST) and the Ministry of Higher Education, Science, and Technology of the Republic of...

AI Account Named Best AI-Driven Accounting Software Platform in South East Asia at the 2026 FinTech Awards

Wealth & Finance International recognised AI Account for helping SMEs and accounting firms automate everyday finance tasks, enabling them to focus on business growth.SINGAPORE - Media OutReach...

First Energy Africa Oil Corp. Strengthens Board with Appointment of Industry Veterans Simon Akit and Frederick Kozak

New directors bring 60 years of combined capital markets and resource industry expertiseCALGARY, ALBERTA - Media OutReach Newswire - 14 July 2026 - First Energy Africa Oil Corp. ("First Energy Afr...

Selling a Small Business in Australia: Understanding the Capital Gains Tax Concessions

For many Australian business owners, selling a business represents the reward for years—sometimes decades—of hard work. Unlike employees who may bu...

Australian businesses lean into global strategic partnerships (GCCs) for next wave of outsourcing

The Australian corporate landscape is undergoing a fundamental transformation in how it sources talent and innovation. While businesses have traditi...

The New Pressure Gap Crushing Small Businesses

Starting any business and making it prosper is a major undertaking. Part of the challenge is managing the uncertainty, but the financial pressures o...

Click Frenzy returns with a free EOFY sale event for retailers this month

New owners Gabby and Hezi Leibovich bring back Australia’s leading ecommerce sales event with Australia Post as Major Sponsor   Click Frenzy is ...

The 95 Per Cent Failure Rate Is Not An AI Problem

Most Australian SMEs I speak with are already having a go at AI. Some are running formal pilots, others have a team member quietly experimenting o...

New AR tech helping to solve field service skills crisis

AI-enabled augmented reality (AR) smart glasses are emerging as a new practical solution to fill a shortage of field service technicians maintaini...