Kuala Lumpur (VNA) - High-quality corporate reporting plays an important role in the Malaysian economy, helping the country expand its economic pie, foster broader participation and increase the complexity of its economy.
In his keynote address at the recent 34th National Annual Corporate Report Awards (NACRA), Finance Minister II Datuk Seri Amir Hamzah Azizan said transparent and robust disclosures will help Malaysian businesses build trust, attract high-quality investments and strengthen the linkages across industries.
By committing to excellence in reporting, businesses play a pivotal role in transforming Malaysia into a dynamic and future-ready economy, he said.
According to the official, corporate reporting is not just about compliance - it’s about creating value and demonstrating resilience in an ever-evolving global landscape.
He added that as Malaysia advances under the National Energy Transition Roadmap (NETR), sustainability reporting which has moved to the forefront of corporate strategy would be pivotal in aligning businesses with the country’s decarbonisation and green energy goals.
Starting in 2025, large-cap listed companies on the Malaysian stock exchange will be required to adopt the National Sustainability Reporting Framework (NSRF). By 2027, all companies must follow suit.
The NSRF, combined with NETR and other national strategies, represents the Malaysian government’s commitment to sustainable development and the country’s aspiration to lead in green growth, said Amir Hamzah./.
