The Companies Commission of Malaysia (SSM) is targeting early 2027 for the tabling of proposed amendments to the Companies Act 2016 that would extend sustainability reporting requirements to more non-listed companies. Under the proposal, companies with annual revenue exceeding RM15 million would be subject to phased reporting requirements from 2028, while smaller companies could opt in voluntarily. The proposed changes are intended to align corporate reporting requirements with Malaysia’s National Sustainability Reporting Framework (NSRF), with SSM also planning guidance, training and stakeholder engagement to support businesses in meeting the new requirements.  

 

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