This initiative aims to propel sustainable development in ASEAN by implementing shared environmental, social, and governance (ESG) metrics across their data infrastructures. Bursa Malaysia will act as the ASEAN-ISE Secretariat, overseeing the successful execution of the project.

The participating exchanges, including Bursa Malaysia, have outlined the goals of the ASEAN-ISE initiative. These objectives focus on establishing an integrated ESG ecosystem to drive sustainable development in ASEAN. Additionally, the collaboration seeks to provide participating exchanges with economies of scale, fostering cost efficiency and faster time-to-market through tailored solutions.

In a joint statement, the participating exchanges have committed to outcome-driven collaboration deliverables, considering local factors and market maturity levels. A pivotal aspect of the initiative involves the adoption and implementation of 'ASEAN Exchanges Common ESG Metrics' in the ESG reporting platforms of the participating exchanges. This move underscores their dedication to harmonising sustainability reporting practices.

Bursa Malaysia's CEO, Datuk Muhamad Umar Swift, expressed alignment with the exchange's intention to broaden participation across ASEAN and beyond. He envisions an open and inclusive ecosystem, where participating exchanges operate with trust in a fundamentally aligned data infrastructure. The goal is to provide cost-efficient, modular-based solutions tailored to specific market needs and conditions.

The participating exchanges plan to reconvene to finalise implementation details and formalise the ISE Governance Framework and Operating Structure. This significant step is scheduled to take place at the 37th ASEAN Exchanges CEOs Meeting in July 2024 in Malaysia. The framework will guide the collaborative efforts of the exchanges in promoting sustainability within the ASEAN region.

The BMCC applauds the collective effort of this initiative by ASEAN stock exchanges to drive sustainable development through standardised ESG metrics. By fostering collaboration and shared objectives, these exchanges aim to contribute to a more sustainable and interconnected financial landscape in the ASEAN region.

Here's your opportunity to showcase your organisation's exceptional contributions to the environment and society. Whether you've implemented innovative sustainability initiatives, fostered inclusive workplaces, or championed ethical business practices, we want to hear your story!

Elect your nominee for the 'Outstanding ESG Award' for our 5th Business Excellence Awards Night now!

Date: 21 May 2024

Venue: Sunway Resort Hotel

Our flagship event honours British and Malaysian brands and personalities across different industries who have made innovative and diligent efforts to develop the business and trade landscape. Click here to find out more.

For information about sponsorship opportunities and nominations, contact louis@bmcc.org.my. For seating and table bookings, contact siewkee@bmcc.org.my. 

Date: 4 March

Time: 2.30 pm - 4.30 pm

Venue: ARUP - Level 26, 1 Powerhouse, No.1 Persiaran Bandar Utama, 47800 Petaling Jaya, Selangor

In collaboration with PwC, the BMCC brings you an exclusive briefing on the latest amendments to the transfer pricing landscape in Malaysia. Here’s your chance to understand how these changes directly impact your business operations and equip yourself with the knowledge to stay compliant and audit-ready.

 

PwC’s tax specialist Ong Ai Ling, Director at PwC Taxation Services Sdn Bhd, with over sixteen years of extensive experience in transfer pricing, will be guiding you to stay ahead of the curve.

Further consultations on the delivery of the UK CBAM will be carried out this year. The UK Government will also be working with industry to establish voluntary product standards for low-carbon products, and to develop an embodied emissions reporting framework.

More information can be found on this factsheet here. 

This initiative is part of ongoing efforts by the Ministry of Entrepreneur and Cooperatives Development (MECD) and SME Corp to enhance MSMEs' understanding of the significance of sustainability and ESG practices.

This ESG Quick Guide for MSMEs is published in both Malay and English languages and can be downloaded for free upon taking the ESG assessment on SME Corp. Visit their website here or contact them at 03-9213 0077for more information.

Sustainability, food safety and food defence are critical aspects of building a resilient food supply chain that plays a vital role in ensuring the health and well-being of consumers, protecting the environment, and promoting long-term economic viability. You would have learnt about the hijacking of USD 339,000 worth of rare chocolates in the US recently, showing how vulnerable our supply chain could be. 

Watch the webinar on-demand here!

On behalf of BSI Malaysia, we would also like to share some exciting updates and research that they have done. 

This week, ESC launched its five-year strategic restructuring and expansion plan, “ESC 2.0”. In 2023, ESC celebrated its 20th anniversary and as the company now enters its third decade, ESC 2.0 will enhance its current business framework and introduce new systems and procedures for improved operational efficiency, service delivery and growth.

As part of this initiative, several leadership adjustments and reorganisation of business segments have been implemented, effective immediately.

To read more about this, visit their website here.