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NameBursa Malaysia (Malaysian Exchange)
CountryMalaysia
Number of listed companies976
Domestic market capitalization370,838 million US$
SSE Partner ExchangeYes
Has annual sustainability reportYes
  • Bursa Malaysia has several years worth of standalone sustainability reports available on its website.

ESG reporting required as a listing ruleYes
  • In October 2015, Bursa Malaysia issued amendments to the Main Market Listing Requirements (Main LR) and ACE Market Listing Requirements (ACE LR) (collectively referred to as the LR) relating to sustainability statements in annual reports (Sustainability Amendments). Under the Sustainability Amendments, listed issuers are required to disclose a narrative statement of the management of material economic, environmental and social (EES) risks and opportunities (Sustainability Statement) in their annual reports. This replaces the existing statement on the corporate social responsibility (CSR) activities or practices required to be disclosed by listed issuers. For the Main Market listed issuers, they are also required to include in their Sustainability Statement, the prescribed information as set out in Practice Note 9 of the Main LR such as the governance structure, the scope of the Sustainability Statement and the management of material EES risks and opportunities (material sustainability matters). The prescribed disclosure is not applicable to ACE Market listed corporations given the type and size of the listed corporations. In addition to the above, the LR also encourages all listed issuers to refer to the Sustainability Reporting Guide (described below) as a best practice when preparing the Sustainability Statement and in identifying material sustainability matters. The Sustainability Amendments take effect on a staggered basis over a period of 3 years, starting from 31 December 2016 to 31 December 2018.
  • For more details refer to Chapter 9 of the Main Market Listing Requirements and to Chapter 9 of the ACE Market Listing Requirements
Has written guidance on ESG reportingYes
  • The Sustainability Reporting Guide (3rd Edition) can be found here.
  • More resources are available here.

Offers ESG related trainingYes
In 2022, Bursa Malaysia provided training on Climate-related Financial Disclosures (TCFD recommendations) in collaboration with the SSE, CDP and IFC. (source)

Bursa Malaysia provides an e-learning course Introduction to Sustainability

See also past event on ESG-related topics here.

Market covered by sustainability-related indexYes
FTSE4Good Bursa Malaysia Index, FTSE4Good Bursa Malaysia Shariah Index, FTSE Bursa Malaysia Top 100 ESG Low Carbon Select Index, FTSE Bursa Malaysia Top 100 ESG Low Carbon Select Shariah Index. Source

Has sustainability bond listing segmentNo
Has SME listing platformYes

Women on boards mandatory minimum ruleYes
Busa Malaysia had announced the requirement for PLCs with market capitalisation of RM2 billion as at 31 December 2021, to appoint at least one woman Board member by 1 September 2022. For the remaining PLCs, the requirement must be complied with by 1 June 2023.
See also Bursa Malaysia Listing Requirements on Corporate Governance here.

According to the Malaysian Code on Corporate Governance 2027, p.24, For Large Companies, the board must have at least 30% women directors. (source)

Additional information
  • Bursa Malaysia launched on April 24, 2018 BURSASUSTAIN, a one-stop portal on corporate governance and sustainability. It provides users (i.e. listed issuers, investors and other stakeholders) with ease of access to current information on corporate governance, sustainability as well as responsible investment.

Organizational model of stock exchange
  • Listed company for profit; demutualized in 2004.

Regulatory bodies

Regulatory modelStrong Exchange Self-Regulatory Organization (SRO) Model

  • Bursa Malaysia is an exchange holding company approved under section 15 of the Capital Markets and Services Act 2007 by the Securities Commission (SC) being the primary regulator of the capital market. Bursa Malaysia is the frontline regulator and has the duty to maintain a fair and orderly market in the securities and derivatives that are traded through its facilities. In this regard, Bursa Malaysia has put in place a comprehensive and effective regulatory and supervisory framework to regulate the market, its participants and listed issuers. In this respect, Bursa Malaysia has issued various sets of rules to stipulate the requirements that need to be met by the regulated entities either upon admission and/or on a continuing basis. It administers and monitors compliance with these rules and takes strict, prompt and objective enforcement action for breaches of these rules. Bursa Malaysia actively supervises the listed issuers and the participants. It also undertakes surveillance over the trading activities in the marketplace. The SC supervises and monitors Bursa Malaysia to ensure that Bursa Malaysia performs its regulatory duties and obligations in an effective manner. Under the law, the SC's approval is required for changes to Bursa Malaysias rules.

About the stock exchangeLocation: Kuala Lumpur, Malaysia.
  • Established in 1973, Bursa Malaysia demutualised and became an exchange holding company in 2004, and subsequently listed on Bursa Malaysia Securities Berhad (MYX: 1818) in 2005. Today, it is one of the largest bourses in Asia, hosting more than 900 public listed companies across 60 economic activities. We operate and regulate a fully integrated exchange offering a comprehensive range of exchange-related facilities including listing, trading, clearing, settlement and depository services. We offer a diverse spread of products covering equities, derivatives, offshore listings and services and bonds and Islamic offerings. In assisting the development of the Malaysian capital market, Bursa Malaysia is committed to provide the infrastructure needed to create a globally competitive and vibrant marketplace. (Source).