BFM 89.9

HIGHLIGHTS 
Podcast  >  Enterprise  >  Enterprise Explores  >  How New Sustainability Reporting Will Impact Your Business

How New Sustainability Reporting Will Impact Your Business

Nik Shahrizal Sulaiman, Sustainability & Climate Change Partner, PwC Malaysia

25-Nov-24 12:00

How New Sustainability Reporting Will Impact Your Business

What do the NSRF requirements mean for your company from 2025 onwards? Who does this impact and why should businesses see this as more than compliance, but as a critical part of long-term success?

Starting in 2025, the phased implementation of Malaysia’s National Sustainability Reporting Framework (NSRF) will change sustainability reporting. Companies will need to disclose direct, indirect, and Scope 3 emissions, aligning with global IFRS standards to enhance transparency and comparability.

In this episode of Enterprise Explores, Nik Shahrizal Sulaiman, Sustainability & Climate Change Partner at PwC Malaysia, explores the NSRF’s requirements, its challenges, and the strategic opportunities it presents. We also discuss how the framework can foster a cultural shift in corporate Malaysia, positioning sustainability as a cornerstone of business strategy.

Here are some highlights from the conversation.

- Global Alignment: The NSRF integrates IFRS Sustainability Disclosure Standards, ensuring Malaysia’s reporting aligns with global practices to attract investors and boost market competitiveness.

- Who’s Affected: Phased implementation applies to large listed companies first, expanding to smaller listed and large non-listed entities with group revenues exceeding RM2 billion.

- Transition Reliefs: Initial focus is on climate-related disclosures, with temporary exemptions for Scope 3 emissions and principal business segments to ease compliance.

- Navigating Scope 3 Challenges: Scope 3 emissions reporting across value chains is complex, but companies can start by addressing material risks such as flood and regulatory risks while building internal capabilities.

- Leadership’s Role: Boards and executive teams must integrate climate risks into strategic planning, shifting from compliance to leveraging sustainability as a competitive advantage.

- Cultural Transformation: Treating sustainability as a strategic imperative enables companies to unlock efficiencies, enhance investor confidence, and remain competitive in global supply chains.

- Malaysia’s Advantage: Enhanced transparency can strengthen Malaysia’s position in global markets and attract foreign investors.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  marketseconomymanagingCorporatesenvironmentLaw/Activism

Tags:  Scope 3 emissionsnational sustainability reporting frameworkclimate changesustainability





Play / Pause

Listen now : The 6AM Stretch: Thought-provoking discussions on ideas, people and events shaping our...

Today’s Shows



6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Our expert tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

We break down the day’s top news with expert insights.

7:45 AM

Morning Brief

We break down the day’s top news with expert insights.

8:00 AM

The Breakfast Grille

Our flagship show, we feature both game-changers and groundbreakers in the hot seat.

8:30 AM

Morning Brief

We break down the day’s top news with expert insights.

8:45 AM

Morning Brief

(REPEAT) We dive into the local and international news that matters to you.

9:00 AM

Opening Bell

(REPEAT) We bring you the latest on Bursa Malaysia and international capital markets.

9:15 AM

Opening Bell

(REPEAT) We take a look at the FBM KLCI as well as regional capital markets.

9:35 AM

The Property Show

We unpack the latest real estate trends, from taxes to interior design.

10:05 AM

Open For Business

How Rosary Labs’ AI Unlocks Insights from Complex Data

11:00 AM

The Workplace

Women Breaking Barriers in Logistics

12:00 PM

Enterprise Explores

Protecting National Infrastructure in the Age of Cyber Threats

1:00 PM

The Breakfast Grille Repeat

Our flagship show, we feature both game-changers and groundbreakers in the hot seat.

2:05 PM

Discovery Hour

In this episode of "There's No Planet B," meteorologist Dr. Sheeba Chenoli gives a 101 crash course on the causes of climate change.

3:05 PM

Earth Matters

We find out about Sabah's 10-year Bornean Sun Bear Action Plan (2025–2034), which aims to protect the vulnerable sun bear population from existing threats.

4:05 PM

Health & Living

The way we seek healthcare today is reactive, and fragmented by disease and specialisation. How would this change if we integrated primary care more seamlessly into the health system?

5:00 PM

Top 5 at 5

6:00 PM

Good Things

7:00 PM

Made in Malaysia

8:00 PM

Cruise Control

Daniel Fernandez, Managing Editor, dsf.my