Bursa Malaysia, a prominent stock exchange in Malaysia, has introduced the Centralised Sustainability Intelligence (CSI) solution to enhance the integration of Environmental, Social, and Governance (ESG) practices among Malaysian companies, thereby improving their global competitiveness.
The CSI solution was launched to address the growing need for cost-effective and seamless compliance with various ESG reporting frameworks, according to FinTech News Malaysia.
The platform is designed to help Malaysian businesses reduce their climate impact and improve their position in global markets.
By offering tools for assessing carbon emissions across value chains and facilitating sustainability reporting, the CSI solution supports companies in their ESG efforts.
Bursa Malaysia operates as the primary stock exchange in Malaysia, providing a comprehensive range of exchange-related services including trading, clearing, settlement, and depository services.
The exchange plays a critical role in the development and regulation of the capital market in Malaysia.
The solution is designed to streamline ESG reporting, providing businesses with the tools they need to assess and report on their carbon emissions and other sustainability metrics.
This platform is expected to be crucial for the growth and decarbonisation of Malaysian industries, especially within the manufacturing sector.
It is available to both listed and unlisted companies of all sizes, making it a versatile tool for the entire business community.
In addition to its core functions, the CSI solution aligns ESG disclosures with internationally recognised standards such as the IFRS Sustainability Disclosure Standards, TCFD, GRI, and the Greenhouse Gas Protocol.
This alignment helps position Malaysian companies to attract global investors and customers who demand transparent and comprehensive sustainability reporting.
Early adopters from key economic sectors, including construction, oil and gas, manufacturing, logistics, and automotive, have already started using the platform, demonstrating its wide applicability.
The launch event for the CSI solution was officiated by YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade & Industry (MITI), and attended by key figures from various sectors.
This initiative supports MITI’s New Industrial Master Plan (NIMP) 2030 and the National Semiconductor Strategy (NSS), promoting sustainable financing access for companies, including SMEs.
Companies that decarbonise and reduce emissions through the CSI solution will benefit from preferential financing rates offered by participating bank partners.
YB Senator Tengku Zafrul said, “We aim for all sectors and businesses integral to the NIMP and NSS to use the CSI solution and disclose their ESG metrics uniformly, enabling policymakers to effectively gauge and further support businesses’ sustainability journeys.
“By integrating ESG disclosures into the CSI solution, companies can enhance their sustainability credentials, access better financing rates, and attract ethical investors, thus driving progress, growth, and shared success for Malaysia.”
Bursa Malaysia CEO Datuk Muhamad Umar Swift said, “Through the CSI solution, we seek to support just transition, by providing Malaysian companies greater access to green financing for sustainable performance, which will also lead to improved valuation.
“Higher ESG performance among Malaysian companies and their supply chains will also in turn result in greater market vibrancy in our capital market.”
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