“Industry stakeholders, from investors to regulators and financial institutions, are looking for good and transparent disclosures, as this is a means to keep corporations honest, in that you say what you mean, and do what you say,” said senior executive vice-president of Bursa’s data business Wong Chiun Chiek.
Wong said one of the key features being considered in the reporting platform is to enhance interconnectivity with the bourse’s trading partners in the European, Asian and US markets. “This means the work we are doing right now is to find the right solution to help guide the PLCs to improve their ESG disclosures,” he said.
He noted that ESG reporting encompasses both qualitative discussions of topics as well as quantitative metrics used to measure a company’s performance against ESG risks, opportunities and related strategies. Moody-Stuart, who had been chairman and chief executive officer of the Shell group of companies in Malaysia in the 1980s and later became the Royal Dutch/Shell group of companies chairman, said it is important for a company to build trust by engaging others in how this data is produced.
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