Sustainability reporting is a vital aspect of corporate transparency, driven by stakeholder demands for greater accountability in ESG practices. In Malaysia, Bursa Malaysia has mandated enhanced sustainability reporting for listed companies starting from the fiscal year ending December 31, 2023, with full implementation by 2025.


PwC's “Gaps in Sustainability Reporting” report highlights current challenges and areas for improvement in Malaysia. We speak with Farhana Jabir, Director of Sustainability & Climate Change at PwC Malaysia, to discuss the foundational elements of an ESG strategy and sustainability reporting, the evolving regulatory landscape, and the role of independent assurance. We also dive into the importance of obtaining top-down buy-in from the board, as well as managing and meeting stakeholder expectations, from the boardroom and regulators to suppliers and employees.

Sustainability reporting is a vital aspect of corporate transparency, driven by stakeholder demands for greater accountability in ESG practices. In Malaysia, Bursa Malaysia has mandated enhanced sustainability reporting for listed companies starting from the fiscal year ending December 31, 2023, with full implementation by 2025. PwC's “Gaps in Sustainability Reporting” report highlights current challenges and areas for improvement in Malaysia. We speak with Farhana Jabir, Director of Sustainability &amp; Climate Change at PwC Malaysia, to discuss the foundational elements of an ESG strategy and sustainability reporting, the evolving regulatory landscape, and the role of independent assurance. We also dive into the importance of obtaining top-down buy-in from the board, as well as managing and meeting stakeholder expectations, from the boardroom and regulators to suppliers and employees.

Helping you navigate the ever-changing universe of business, from headlines to the bottom line

Helping you navigate the ever-changing universe of business, from headlines to the bottom line

Enterprise Explores

Navigating New Requirements: Enhanced Sustainability Reporting in Malaysia

How much flexibility is LHDN providing for the first 6-Months? Does this mean I can delay my implementation? (No, it does not). What is a consolidated e-invoice? Enterprise Explores all this and more.



In the lead-up to Day 1, LHDN announced a six-month period of flexibility, allowing businesses to use consolidated e-invoices instead of individual transactional e-invoices. This period, which some have referred to as a grace period, is not a deferment of implementation but rather an adjustment phase to ease the transition.



We explore the scope of the flexibility offered during the transition period, address potential misconceptions, and provide guidance on how businesses can better manage this change. Joining us is Thenesh Kannaa, Executive Director at tax consultancy Tratax. We also discuss the penalty-free period (provided certain conditions are met), the implications for businesses that fail to comply, and initial reactions from businesses as they adapt to the new e-invoice regime.

How much flexibility is LHDN providing for the first 6-Months? Does this mean I can delay my implementation? (No, it does not). What is a consolidated e-invoice? Enterprise Explores all this and more.In the lead-up to Day 1, LHDN announced a six-month period of flexibility, allowing businesses to use consolidated e-invoices instead of individual transactional e-invoices. This period, which some have referred to as a grace period, is not a deferment of implementation but rather an adjustment phase to ease the transition.We explore the scope of the flexibility offered during the transition period, address potential misconceptions, and provide guidance on how businesses can better manage this change. Joining us is Thenesh Kannaa, Executive Director at tax consultancy Tratax. We also discuss the penalty-free period (provided certain conditions are met), the implications for businesses that fail to comply, and initial reactions from businesses as they adapt to the new e-invoice regime.

E-Invoice Grace Period? 4 Flexibilities to Ease the First 6 Months

The Malaysian Communications and Multimedia Commission (MCMC) is introducing a new regulation to maintain a secure digital environment. Effective 1 August 2024, social media and messaging platforms with over 8 million users must be licensed in Malaysia. This move aims to enhance regulatory oversight, ensure compliance with local laws, and protect user data, and potentially raises concerns about possible bans on non-compliant platforms and the broader implications for businesses, influencers, and digital marketing.



Today, we discuss this with Richard Ker, the Founder and Chief Storyteller of Richard Ker Digital, on what this new regulation means for businesses reliant on these platforms for marketing and communication, and how compliance costs and potential platform bans will impact operational strategies and market dynamics.

The Malaysian Communications and Multimedia Commission (MCMC) is introducing a new regulation to maintain a secure digital environment. Effective 1 August 2024, social media and messaging platforms with over 8 million users must be licensed in Malaysia. This move aims to enhance regulatory oversight, ensure compliance with local laws, and protect user data, and potentially raises concerns about possible bans on non-compliant platforms and the broader implications for businesses, influencers, and digital marketing.Today, we discuss this with Richard Ker, the Founder and Chief Storyteller of Richard Ker Digital, on what this new regulation means for businesses reliant on these platforms for marketing and communication, and how compliance costs and potential platform bans will impact operational strategies and market dynamics.

Navigating New Requirements: Enhanced Sustainability Reporting in Malaysia

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