LMS Compliance launches ESG reporting service for Bursa listcos

CATALIST-LISTED LMS Compliance on Thursday (Mar 16) launched an environmental, social and governance (ESG) reporting service aimed at helping Bursa-listed companies meet their upcoming regulatory obligations.

Last September, the Malaysian stock exchange rolled out an enhanced framework for sustainability reporting, making it compulsory for main market listed issuers to disclose common sustainability matters for the financial year ending on or after Dec 31, 2023.

For FYs ending after Dec 31, 2025, there would be additional requirements for the disclosures to be aligned with the Task Force on Climate-Related Financial Disclosures (TCFD).

In a statement on Thursday (Mar 16), LMS Compliance’s chief executive officer Louis Ooi said the lab testing and certification services provider’s “proven track record in Malaysia” makes it an ideal partner for companies wanting to link environmental sustainability with business growth.

“For this reason, expanding into the ESG reporting market is a natural progression for our business,” he said.

The suite of solutions under its reporting service include ESG data collection, impact assessment, reporting and advisory, said LMS Compliance. It estimates that each report can be turned around within 45 days.

SEE ALSO

Bursa Malaysia launches first syariah-compliant carbon exchange platform

Asian bourses join billion-dollar race to tap carbon offset boom

Bursa Malaysia, LSE Group to launch centralised sustainability reporting platform in April: PM Anwar

DECODING ASIA

Navigate Asia in
a new global order

Get the insights delivered to your inbox.

The service will be made available globally and “will be highly attuned to the laws regulations and guidelines of the client’s country of operations”, it added.

Shares of LMS Compliance closed flat at S$0.315 on Thursday.