The Malaysia Securities Commission has highlighted the IFRS Foundation’s Jurisdictional Profile on Malaysia, which recognises Malaysia’s commitment to sustainability reporting and records Malaysia as adopting the International Sustainability Standards Board (ISSB) Standards with limited transition, making it the only ASEAN jurisdiction reflected in that way. The recognition points to Malaysia’s National Sustainability Reporting Framework (NSRF), launched in September 2024 and developed by the Advisory Committee on Sustainability Reporting (ACSR), which phases in adoption of IFRS S1 and IFRS S2. Under the limited-transition approach, Malaysia applies certain transitional reliefs, including climate-first reporting and deferred Scope 3 greenhouse gas emissions disclosures, with the ACSR positioning the approach as a pathway to full adoption while reflecting differing levels of sustainability reporting maturity across companies. To support implementation readiness, the NSRF introduced the PACE (Policy, Assumptions, Calculators, Education) initiative, including training on interoperability between the Global Reporting Initiative (GRI) Standards and the ISSB Standards delivered in March 2025. Upcoming PACE outputs include illustrative sustainability reports and an NSRF preparers’ programme, alongside continued industry engagement on sector-specific adoption challenges.
Malaysia Securities Commission 2025-06-12
Malaysia Securities Commission highlights IFRS Foundation recognition of Malaysia’s limited-transition adoption of ISSB Standards
The Malaysia Securities Commission highlights Malaysia's unique adoption of the ISSB Standards with limited transition. The National Sustainability Reporting Framework (NSRF) phases in IFRS S1 and S2, offering transitional reliefs like climate-first reporting and deferred Scope 3 emissions disclosures. The NSRF's PACE initiative supports implementation readiness through training and upcoming outputs, including illustrative reports and a preparers’ programme.