ESG Taskforce
The ESG Taskforce was set up as a sub-committee under the ACCA Malaysia Advisory Committee (MAC) to create awareness and educate ACCA members on matters relating to Sustainability, ESG and Climate Change and its’ impact on business and financials. The objective of the taskforce includes:
- To advocate the adoption and integration of ESG and sustainability into business with professional accountants taking the lead role in their respective organisations.
- Identifying partners to collaborate on upskilling and sharing of best practices e.g; UNGCMYB, BMCC, CGM etc.
- Promoting ACCA Certificate in Sustainability for Finance (Cert SF) to ACCA members.
- To provide guidance on standards and i.e. the new ISSB standards, Bank Negara The Climate Change and Principle-based Taxanomy (CCPT), MCCG requirements and Bursa Malaysia Sustainability Framework.
Committee
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Datuk Zaiton Mohd Hassan
CEO, MYPAC -
Dato' Lock Peng Kuan
Managing Partner, Audit & Assurance, Baker Tilly Malaysia -
Dato' Merina Abu Tahir
Board of Director, SP Setia & Tenaga Nasional Berhad -
Lim Fen Nee
Independent Board Member of various Corporate Entities -
Mohd Salihin Othman
Special Task Officer (PIDM), Ministry of Finance, Malaysia -
Muhammad Razin Shah
Chief Financial Officer, Orkim Sdn Bhd -
Muhd Harith A Bakar
Head of Inspection, Audit Oversight Board Securities Commission Malaysia -
Raymond Chong
Partner, KPMG Malaysia -
Renaka Ramachandran
Chief Financial Officer, SD Guthrie Berhad -
Thenesh Kannaa
Partner, TraTax Malaysia
On-demand webinars
Watch the ESG Matters@ACCA series replay - now on demand
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Integrating Sustainability into Financial Planning and Decision-Making
In today's dynamic business landscape, Environmental, Social, and Governance (ESG) factors are no longer just buzzwords; they are driving significant changes in financial planning and decision-making. In this engaging session, we will explore the essential role of finance professionals in driving sustainability practices within organisations. The agenda includes discussions on understanding the roles of accountants and CFO and their contributions to critical business decisions. We will also delve into how the finance function can actively participate in sustainability efforts, taking on interconnected roles for value creation, leveraging financial expertise, and integrating sustainability goals into financial planning and analysis.
Have you also wondered how finance professionals can help businesses to truly enhance the credibility of their sustainability data? What's the key to effectively engaging crucial corporate functions in this process? We will also delve into these intriguing questions and explore innovative strategies to accomplish these goals. The webinar will conclude with key takeaways, emphasizing the value of finance professionals in sustainability initiatives and the importance of embedding sustainability within key corporate functions. -
Double Materiality Assessment for Sustainability Reporting
Similar to financial reporting, sustainability reports should focus on providing meaningful information that is relevant and assessable to the target audience. This focus is referred to as 'materiality'. Various concepts of materiality have been discussed and developed in sustainability reporting in recent years. In these discussions, topics were often prioritized based on the intensity of their impact on the environment, society, and the economy, as well as the expectations and interests of stakeholders.
Given the multitude of aspects encompassed by environmental, social, and governance areas, companies face the challenge of narrowing down their reporting to the topics that are material to them. The concept of double materiality brings environmental impacts into the focus of standard-setting in accounting. Different reasons for adopting this concept might lead to widely varying interpretations, yet the fitness of the financial system to facilitate a net-zero economy depends on how it is conceived.
Watch this webinar, ESG Matters@ACCA - Double Materiality Assessment for Sustainability Reporting: Challenges Of Regulatory Evolutions to discover more about the importance of double materiality concept in sustainability reporting and the implications for businesses.
Watch now -
GHG Accounting Essentials - Measuring Your Carbon Footprint
Climate change is real, and Malaysia is not excluded from being impacted by this phenomenon. Rising temperatures, floods, droughts, and rising sea levels are among the examples of impact brought by climate change. Climate change occurs due to the emissions of greenhouse gases (GHG), for example carbon dioxide, methane, and nitrous oxide. As a way forward in managing climate change an initiative called the net zero carbon emission was promoted. In line with this initiative, GHG accounting and reporting has become crucial in achieving net zero emission. In this course, participants will be exposed to the basic procedures on GHG accounting and reporting which consists of GHG accounting and reporting boundary, tracking of GHG emissions over time through base year calculation, and identification and calculation of GHG emissions through emission factor calculation. By the end of this course, it is expected for the participants to be able to calculate their organization’s GHG emissions.
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Putting People, Profit and Planet on Par: Shifting Business Priorities for a Better World
Watch the webinar on ESG Matters - Putting People, Profit and Planet on Par: Shifting Business Priorities for a Better World and discover invaluable insights on these thought-provoking questions:provide comprehensive insights by addressing the following thought-provoking questions:
Does business actually want to change when it has profit on a pedestal?
The green reality gap between what’s being said in the investment community and what is being done on the ground within the CFO community.
Why are leadership teams ignoring this?
What new financial and legal structures do we need to put in place?
What’s the real time frame that we’re up against?
Is the CFO ready to lead the change? -
Applying IFRS Sustainability Disclosures Standards (ISSB S1 & S2)
In June 2023, the International Financial Reporting Standards Foundation (IFRS) ushered in a new era of corporate sustainability-related disclosure to capital markets worldwide with the launch of IFRS S1, “General Requirements for Sustainability-related Financial Information” and IFRS S2 “Climate-related Disclosures.” The IFRS Sustainability Standards were developed by the International Sustainability Standards Board (ISSB). The objective of the standards is to provide a comprehensive global baseline for consistent, comparable sustainability reporting to meet investor needs.
In Malaysia, the Securities Commission Malaysia (SC), with endorsement from the Ministry of Finance has set up a national level Advisory Committee on Sustainability Reporting (ACSR). This inter-agency committee is tasked to identify the enablers that will facilitate the use of the ISSB standards (S1 and S2) in Malaysia. The ACSR has issued a public consultation paper on 15 February 2024 on proposed National Sustainability Reporting Framework (NSRF). The adoption of NSRF could start as early as annual reports issued for FYE on 31 December 2025.
Watch this webinar, ESG Matters@ACCA - Applying IFRS Sustainability Disclosures Standards (ISSB S1 & S2) to further understand the purpose of ISSB standards, what sustainability information investors need as well as to get comprehensive understanding on the key principles of climate risk management in IFRS S1 & IFRS S2 framework and the importance of engaging stakeholders to build support for Climate Risk management. -
Decoding Greenhouse Gas Emissions (GHG) Accounting: Scope 1, Scope 2 and Scope 3
As the urgency to address climate change intensifies, understanding and managing greenhouse gas (GHG) emissions becomes crucial for organizations worldwide. This comprehensive webinar aims to provide participants with a deep dive into the essential aspects of GHG accounting, including the different scopes of emissions and the regulatory landscape in Malaysia.
Join us for this in-depth webinar and equip yourself with the knowledge and tools needed to navigate the complexities of GHG emissions accounting. Participants will acquire the knowledge needed to effectively manage and reduce GHG emissions within their organizations, driving them towards a more sustainable and environmentally responsible future.
Watch now
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