Bursa Malaysia Berhad launched the Centralised Sustainability Intelligence (CSI) Solution, which is a comprehensive solution to support Malaysian companies in integrating ESG into their business strategies and operations, to boost their overall competitiveness.
The CSI Solution is aimed at streamlining ESG reporting for the real economy sectors, it facilitates ESG disclosures by companies – by providing tools to assess carbon emissions across companies’ value chains and streamlining companies’
sustainability reporting.
Tan Sri Abdul Wahid Omar said, it was developed in response to needs raised by companies, for them to cost-effectively and seamlessly comply with various local and international ESG reporting frameworks. We envision a solution that corporates and their suppliers can utilise to easily address all their ESG reporting needs to customers, financiers, and regulators. It will support and encourage Malaysian companies to lower their climate impact and simultaneously be on a stronger footing to penetrate global markets, especially those with strong ESG requirements.”
The solution is ready for use by all companies – listed and unlisted, and of various sizes – from conglomerates to small and medium enterprises (SMEs). Notably, the it will serve as a critical implementation vehicle for MITI’s New Industrial Master
Plan (NIMP) 2030 and i-ESG framework, as well as the recently announced National Semiconductor Strategy. It will serve to accelerate growth of Malaysian industries, such as the local manufacturing sector’s decarbonisation journey and pursuit of opportunities in the green economy.
The solution has been created as an essential ESG data infrastructure platform with supportive tools. Early adopters of the CSI Solution have been from across vital economic sectors such as construction, oil and gas, manufacturing, logistics, and automotive – demonstrating universal applicability across sectors.
Malaysian companies and their suppliers that decarbonise and reduce emissions will be offered preferential financing rates by the solution’s participating bank partners.
