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ACGA Snapshot: PRC, Malaysian companies face new climate reporting rules

China and Malaysia are the latest markets in the region to take steps toward greater climate disclosure, with both consulting on new sustainability rules for issuers.

The PRC’s fragmented landscape made headway on 8 February with the release of draft guidelines for listed companies along similar lines to TCFD, but with a local twist. Social factors, particularly rural revitalization, and common prosperity, feature heavily in the rules.

And on 15 February Malaysia’s securities regulator released a consultation paper on a proposed timeline and staggered framework to align the market’s sustainability reporting regime with International Sustainability Standards Board (ISSB) standards. Read more here.