The Advisory Committee on Sustainability Reporting, chaired by the Securities Commission Malaysia, has published a consultation paper seeking feedback on a proposed framework for sustainability assurance, including an external assurance requirement for sustainability reporting by companies in scope of the National Sustainability Reporting Framework. The proposals cover adoption of international sustainability assurance standards, oversight arrangements for assurance providers, competency requirements for assurance leaders, and timelines for introducing external assurance. The framework is positioned as a response to greenwashing concerns and as a means to support investor confidence in companies’ sustainability reports. The consultation runs from 25 June 2025 to 6 August 2025, and the paper is available on the Securities Commission Malaysia website.
Malaysia Securities Commission 2025-06-25
Securities Commission Malaysia launches consultation on a sustainability assurance framework for sustainability reporting
The Advisory Committee on Sustainability Reporting, led by the Securities Commission Malaysia, released a consultation paper on a proposed sustainability assurance framework, including external assurance requirements under the National Sustainability Reporting Framework. The proposals cover international standards adoption, oversight for assurance providers, competency requirements for assurance leaders, and timelines for implementation, aiming to combat greenwashing and bolster investor confidence.