IFRS S1 and IFRS S2 Sustainability Disclosure Readiness in Malaysia: A Qualitative Review of Public-Listed Companies
List of Authors
  • Salsiah Mohd Ali

Keyword
  • Sustainability Reporting, IFRS S1 and S2, Content Analysis, Corporate Disclosure, Malaysia

Abstract
  • The International Sustainability Standards Board (ISSB) introduced IFRS S1 and IFRS S2 as international standards for sustainability and climate related. The IFRS S1 and S2 standards emerged as a response to increasing demands for better sustainability reporting transparency and standardization. This study critically evaluates the readiness of Malaysian publicly traded companies for these new requirements by comparing sustainability disclosures between two businesses operating within the same sector. This study uses qualitative content analysis to examine the sustainability and annual reports of twenty (20) Multinational Companies (MNCs) while focusing on their governance, strategy, risk management and climate-related metrics disclosure practices. The twenty selected firms show knowledge of global sustainability standards. Nonetheless, these selected firms present different approaches to disclosure practices and stakeholder engagement and third-party assurance procedures. The research contributes to ongoing discussions about emerging market sustainability reporting readiness while providing valuable information to investors and businesses and regulators as Malaysia prepares to adopt the National Sustainability Reporting Framework (NSRF) and IFRS-based sustainability standards.

Reference
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