Ninety-nine of the top 100 companies in Malaysia publish sustainability reports, just behind Japan (100) and ahead of other regional peers such as India (98), Taiwan (93), and Australia (92), according to the findings of a survey by KPMG.
The audit, tax and advisory services firm's International Survey of Sustainability Reporting 2020 also found that 97 of the top 100 companies in Malaysia included sustainability information in their annual reports.
“While Malaysia’s high inclusion rate of sustainability data in annual reporting is driven by Bursa Malaysia, we see this active participation from Malaysian top companies to be an encouraging sign, which sets the tone and example for other jurisdictions to follow," said Kasturi Nathan, Head of Governance and Sustainability at KPMG in Malaysia, in a statement announcing the findings.
“In fact, we’ve observed a growing understanding amongst Malaysian boards and companies on the importance of operating in a responsible manner and the impact of ESG [environmental, social and corporate governance] issues on society and economic sustainability which directly correlates to long-term financial performance and corporate value," she added.
© 2021 KPMG PLT, a limited liability partnership established under Malaysian law and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.