Bursa Malaysia developing platform for assessing carbon emissions impact

KUALA LUMPUR: Bursa Malaysia has announced it is developing the Centralised Sustainability Intelligence (CSI) Platform, to be used by both public listed companies (PLCs) and non-listed small and medium enterprises (SMEs) to assess their carbon emissions impact, disclose standardised environmental, social and governance (ESG) data.

The stock exchange operator said in a statement the platform is in compliance with both local requirements and global standards to subsequently facilitate access to sustainable financing.

At the JC3 Journey to Zero Conference 2023, it was announced that Bursa Malaysia’s CSI Platform will collaborate with JC3’s Greening Value Chain (GVC) Programme.

The common, overarching goal of the CSI Platform and the GVC programme is to facilitate an effective and just transition for Malaysian companies, regardless of size – providing greater access to green capital, improved valuation, and a competitive advantage in global supply chains.

The CSI Platform complements JC3’s GVC programme to facilitate Malaysian companies, particularly SMEs, to green their operations.

Under this collaboration, users of the CSI Platform can benefit from the GVC programme if eligible, whereas SMEs considering to participate in the GVC programme can leverage the CSI Platform as the reporting tool.

“We are delighted to expand the utility of the CSI Platform, and facilitate more SMEs to tap into JC3’s transition finance facilities, such as the GVC programme.

“We believe by synergising our efforts, together we can unlock opportunities and drive business value across the entire ecosystem spanning regulators, policymakers, PLCs, SMEs and financial institutions,” said Bursa Malaysia CEO Datuk Muhamad Umar Swift.

Bursa Malaysia said the CSI Platform was designed for interoperability and can likely open up new trade and business opportunities for companies using the platform.

In line with this, Bursa Malaysia had recently signed a Memorandum of Understanding with Indonesia Stock Exchange and Stock Exchange of Thailand, to shape common standards for determining ESG performance and carbon intensity as an Asean en bloc value proposition, thus facilitating trade and new business opportunities.