{"id":58520,"date":"2023-09-13T17:33:13","date_gmt":"2023-09-13T09:33:13","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=58520"},"modified":"2023-09-13T17:33:13","modified_gmt":"2023-09-13T09:33:13","slug":"sc-plans-adopt-issb-sustainability-standard","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard","title":{"rendered":"SC Plans To Adopt ISSB&#8217;s Standard In Sustainability For Local Companies"},"content":{"rendered":"<p>The Securities Commission Malaysia (SC) are planning to adopt and embrace the International Sustainability Standards Board\u2019s (ISSB) global standards to further encourage sustainability practices for local corporations.<\/p>\n<p>Chairman Datuk Seri Dr Awang Adek Hussin outlined the initiative as part of his <a href=\"https:\/\/www.sc.com.my\/resources\/speeches\/opening-address-at-the-sidc-business-foresight-forum-2023-convergence-of-transformative-innovation-with-revolutionary-impact\" target=\"_blank\" rel=\"noopener\">opening address<\/a> during the SIDC Business Foresight Forum (BFF) 2023 conference.<\/p>\n<p>He also noted that the SC will adapt and customise the standard to align with local regulations and requirements.<\/p>\n<p>\u201cMalaysia is at a juncture in its development of domestic renewable energy sources as well as a carbon market. We cannot afford to fall short of Environmental, Social, and Governance (ESG) standards,\u201d he stated in his opening address.<\/p>\n<p>Awang Adek also lauded the centralised sustainability reporting platform, which was launched recently, and allowed Malaysian companies to disclose their ESG data through Bursa Malaysia and the London Stock Exchange, and noted that it positive move.<\/p>\n<p>In addition, Awang Adek talked about how the synergies and alignment between the <a href=\"https:\/\/www.imoney.my\/articles\/make-impact-with-shariah-esg-investing\" target=\"_blank\" rel=\"noopener\">Shariah and ESG<\/a> principles were a perfect complement to each other.<\/p>\n<p>\u201cIndeed, Malaysia is in a unique position to take the lead in sustainable finance by leveraging its expertise in the Islamic capital market (ICM).\u201d<\/p>\n<p>&#8220;Our regulatory frameworks, such as the Sustainable and Responsible Investment (SRI) Sukuk Framework, SRI-Linked Sukuk Framework, and Waqf-Featured Fund Framework, reflect our commitment to both the sustainability and ICM agendas,&#8221; he said.<\/p>\n<p>During his opening address, Awang Adek also talked about the Global Risks Report\u2019s \u201cpolycrisis\u201d situation involving supply chain disruptions, global tensions and rising cost of living, how industries need to adapt to digital innovation, and investing in talent to ensure long-term growth.<\/p>\n<p><strong>Read more: <a href=\"https:\/\/www.imoney.my\/articles\/beginners-sustainable-investing-hlam\" target=\"_blank\" rel=\"noopener\">The Beginner\u2019s Guide To Sustainable Investing In Malaysia<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is to ensure that local companies will adhere to and integrate more sustainability practices into their business.<\/p>\n","protected":false},"author":47,"featured_media":58522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216],"tags":[719,1453,1003,1454,1180,1372,479,557,1123],"class_list":["post-58520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates","tag-businesses","tag-companies","tag-esg","tag-issb","tag-local","tag-sc","tag-securities-commission","tag-shariah","tag-sustainability"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SC Adopt ISSB Standard For Sustainability<\/title>\n<meta name=\"description\" content=\"SC will adopt the global standards for sustainability with ISSB in hopes of further encouraging sustainability for local companies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SC Adopt ISSB Standard For Sustainability\" \/>\n<meta property=\"og:description\" content=\"SC will adopt the global standards for sustainability with ISSB in hopes of further encouraging sustainability for local companies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-13T09:33:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/09\/13172041\/scmalaysiaissb.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"621\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Azreen Azmi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azreen Azmi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard\",\"url\":\"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard\",\"name\":\"SC Adopt ISSB Standard For Sustainability\",\"isPartOf\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/09\/13172041\/scmalaysiaissb.png\",\"datePublished\":\"2023-09-13T09:33:13+00:00\",\"dateModified\":\"2023-09-13T09:33:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/8c957dfb12fe1ffcc0e443b7cc382349\"},\"description\":\"SC will adopt the global standards for sustainability with ISSB in hopes of further encouraging sustainability for local companies.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard#primaryimage\",\"url\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/09\/13172041\/scmalaysiaissb.png\",\"contentUrl\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/09\/13172041\/scmalaysiaissb.png\",\"width\":1200,\"height\":621},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.imoney.my\/articles\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News Updates\",\"item\":\"https:\/\/www.imoney.my\/articles\/category\/news-updates\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"SC Plans To Adopt ISSB&#8217;s Standard In Sustainability For Local Companies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\",\"url\":\"https:\/\/www.imoney.my\/articles\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.imoney.my\/articles\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/8c957dfb12fe1ffcc0e443b7cc382349\",\"name\":\"Azreen Azmi\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8885892ba26a4b385de85e74cb4a5865?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8885892ba26a4b385de85e74cb4a5865?s=96&d=mm&r=g\",\"caption\":\"Azreen Azmi\"},\"description\":\"Azreen Azmi is a writer with a penchant for writing about content marketing and technology. From YouTube to Twitch, he tries to keep in touch with the latest in content creation and finding out the best way to market your brand.\",\"url\":\"https:\/\/www.imoney.my\/articles\/author\/azreen-azmi\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SC Adopt ISSB Standard For Sustainability","description":"SC will adopt the global standards for sustainability with ISSB in hopes of further encouraging sustainability for local companies.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard","og_locale":"en_US","og_type":"article","og_title":"SC Adopt ISSB Standard For Sustainability","og_description":"SC will adopt the global standards for sustainability with ISSB in hopes of further encouraging sustainability for local companies.","og_url":"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard","og_site_name":"iMoney Malaysia","article_published_time":"2023-09-13T09:33:13+00:00","og_image":[{"width":1200,"height":621,"url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/09\/13172041\/scmalaysiaissb.png","type":"image\/png"}],"author":"Azreen Azmi","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Azreen Azmi","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard","url":"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard","name":"SC Adopt ISSB Standard For Sustainability","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard#primaryimage"},"image":{"@id":"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard#primaryimage"},"thumbnailUrl":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/09\/13172041\/scmalaysiaissb.png","datePublished":"2023-09-13T09:33:13+00:00","dateModified":"2023-09-13T09:33:13+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/8c957dfb12fe1ffcc0e443b7cc382349"},"description":"SC will adopt the global standards for sustainability with ISSB in hopes of further encouraging sustainability for local companies.","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard#primaryimage","url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/09\/13172041\/scmalaysiaissb.png","contentUrl":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/09\/13172041\/scmalaysiaissb.png","width":1200,"height":621},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/sc-plans-adopt-issb-sustainability-standard#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"News Updates","item":"https:\/\/www.imoney.my\/articles\/category\/news-updates"},{"@type":"ListItem","position":3,"name":"SC Plans To Adopt ISSB&#8217;s Standard In Sustainability For Local Companies"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/8c957dfb12fe1ffcc0e443b7cc382349","name":"Azreen Azmi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8885892ba26a4b385de85e74cb4a5865?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8885892ba26a4b385de85e74cb4a5865?s=96&d=mm&r=g","caption":"Azreen Azmi"},"description":"Azreen Azmi is a writer with a penchant for writing about content marketing and technology. From YouTube to Twitch, he tries to keep in touch with the latest in content creation and finding out the best way to market your brand.","url":"https:\/\/www.imoney.my\/articles\/author\/azreen-azmi"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/58520"}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=58520"}],"version-history":[{"count":3,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/58520\/revisions"}],"predecessor-version":[{"id":58526,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/58520\/revisions\/58526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media\/58522"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=58520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=58520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=58520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}