CMM said it developed the guide with a simplified and standardised set of environmental, social and governance (ESG) disclosures to enable SMEs to adopt sustainability to remain competitive and relevant, and respond to disclosure requests from stakeholders, including customers, investors, banks and regulators.

“We will launch the SEDG by November 2023, and will consider all comments during the four-week public consultation period which begins on July 26,” it said in a statement today.

SC executive chairman and CMM chairman Awang Adek Hussin said the SC recognises the challenges companies, especially SMEs, face in embedding sustainability practices in their business operations.

“This guide is a crucial step for all companies and businesses to address sustainability considerations within the supply chain as both countries and businesses globally step up their net zero commitment, thus heightening regulatory scrutiny and consumer concerns around the matter,” Awang Adek said.

Interested parties and the public are invited to submit their comments at FormSEDG before Aug 25, or contact [email protected].