Sustainability Assurance

Enhancing trust in your sustainability reporting

Many factors are driving the need for complete and accurate sustainability information.

From a regulatory perspective, activity and standards from around the globe, including the proposed SEC Climate Disclosure Rules, Corporate Sustainability Reporting Directive (CSRD) and International Sustainability Standards Board (ISSB), are calling for more transparency.

Bursa recommends to increase the coverage of the assurance pertaining to the Sustainability Statement over time with the aim of eventually subjecting the entire Sustainability Statement to an assurance process

Bursa Malaysia’s Enhanced Sustainability Reporting Guide 3rd Edition

In Malaysia, Bursa Malaysia, in its efforts to enhance transparency pertaining to the credibility of the Sustainability Statements, had significantly enhanced the Main Market Listing Requirements and ACE Market Listing Requirements. These enhancements now require specific disclosures including prescribed sustainability matters and indicators that are deemed material for listed issuers across all sectors (common sustainability matters and common indicators), climate change-related disclosures in line with the TCFD Recommendations as well as providing a ‘Statement of Assurance’, on whether its Sustainability Statement has been subjected to an assurance process.

Stakeholders expect the same high standards for sustainability reporting as they do for financials

There has also been increasing pressure on companies from investors, boards and consumers to share reliable information, also referred to as investor-grade reporting. Companies looking to lead in this space will need a strong reputation grounded in trusted and assured reporting. Independent assurance is more critical today than ever. Our team is here to help you turn sustainability reporting—and verified data—into a business advantage.

Preparing for investor grade reporting

Strategy ❯

Measurement ❯

Implementation ❯

Reporting ❯

Assurance ❯

How can we help you?

Independent assurance on the common indicators required by Bursa Malaysia, as well as other material sustainability indicators or sector-specific indicators.

Data verification for sustainability-related metrics or questionnaires.

ESG data or reporting readiness assessment for your common sustainability metrics and sector-specific metrics.

Factual findings report on sustainability metrics or sustainability performance targets.

Benefits to you

Understand the latest regulatory developments and considerations around obtaining limited or reasonable assurance.

Leverage our global presence of more than 1,900 sustainability and climate change professionals in 60 countries, each having deep technical sustainability and audit acumen.

Gain perspectives on industry-leading practices and the impact they may have on your reporting.

Benefit from a multidisciplinary team with a wide range of expertise and certifications across sustainability, finance, accounting, supply chain, and more—including those who have helped develop leading ESG standards and frameworks.

Streamline your approach and reduce processing time with a tech-enabled strategy across the data lifecycle with our suite of digital tools and methodologies.

Explore related case studies

Malayan Banking Berhad
Axiata Group Berhad
Sime Darby Berhad
Sarawak Energy Berhad

Malayan Banking Berhad

Client’s challenge: The Bank aims for ambitious sustainability targets, including mobilising sustainable finance by 2025. Facing scrutiny from stakeholders on the Bank’s sustainability reporting, the Board Sustainability Committee took steps to enhance confidence by mandating independent assurance on sustainable finance achievements

How we approached this: We performed limited assurance on the Bank’s sustainable finance achievements based on the International Standard on Assurance Engagements (ISAE) 3000. We reviewed the Bank’s framework against global standards for green and social financing reporting, sustainability-linked loan principles and provided recommendations on the Bank’s controls and governance processes for the reporting of sustainable finance transactions.

Deliverings sustained outcome: Independent assurance enhanced credibility for the Bank’s sustainable product frameworks and bolstered investor confidence in sustainable finance practices, which ensures accountability and fosters stakeholder engagement.

Axiata Group Berhad

Project description: We provided limited assurance in accordance with ISAE 3000 on selected information reported within the client’s Sustainability and National Contribution Report 2021, including the following:

Direct (Scope 1) greenhouse gas (GHG) emissions,
Energy indirect (Scope 2) GHG emissions, proportion of senior management hired from the local community,
Proportion of spending on local suppliers,
Average training hours per year by employee (by gender and employee category),
Percentage of employees receiving regular performance and career development reviews.

Sime Darby Berhad

Description: We provided limited assurance under ISAE 3000 on selected information reported within the client’s Annual Report between 2014-2021, including the following:

Total Monetary Savings,
Lost Time Injury Frequency Rate (LTIFR),
Severity Rate (SR),
Direct (Scope 1),
Energy indirect (Scope 2) GHG emissions Carbon Emissions Intensities.

Sarawak Energy Berhad

Description: We provided limited assurance in accordance with ISAE 3000 on selected information reported within the client’s Annual Report between 2016-2019, including the following: