HomeRecent ArticlesICAEW Partners SC to Strengthen Expertise in Sustainability Disclosures

ICAEW Partners SC to Strengthen Expertise in Sustainability Disclosures

The Securities Commission Malaysia (SC) and Institute of Chartered Accountants in England and Wales (ICAEW) have initiated a collaboration through a Letter of Intent to collaborate in certain areas.

The Securities Commission Malaysia (SC) and Institute of Chartered Accountants in England and Wales (ICAEW) have initiated a collaboration through a Letter of Intent to collaborate in certain areas.

Read also – Alibaba Cloud Launches Mexico Region to Drive Digital Transformation and Innovation

This collaboration focuses on capacity-building, with ICAEW providing specialised training on climate-related financial disclosures, the provision of a programme to obtain Sustainability Certifications, the use of ICAEW training films and other areas.

Read also – Sonar Acquires AutoCodeRover to Supercharge Developers with AI Agents

As part of this initiative, ICAEW conducted a workshop on 14 February 2025 at the ASEAN Capital Markets Forum (ACMF) Chairs Meeting in Penang.

This workshop covered key sustainability disclosure requirements and regulatory best practices, including:

  • IFRS S1 and S2 standards for climate and sustainability-related disclosures
  • Scope 3 emissions reporting and measurement challenges
  • The impact of global climate regulations, such as the Carbon Border Adjustment Mechanism (CBAM) and the Corporate Sustainability Reporting Directive (CSRD)
  • The role of regulators in sustainability policy and stakeholder engagement

This collaboration is timely as Malaysia has assumed the ASEAN Chairmanship for 2025, under the theme “Inclusivity and Sustainability.” With global ESG standards evolving, equipping regulators with the right expertise is crucial.

ICAEW Chief Executive Alan Vallance welcomed this milestone, stating, “Trust, ethics, and sustainability must be at the core of capital markets. Sustainability is not just about compliance—it is a business imperative that drives resilience, innovation, and long-term success. Through this collaboration with the Securities Commission Malaysia, ICAEW reaffirms its commitment to strengthening regulatory expertise in sustainability across ASEAN.”

“This collaboration will equip regulators with the tools and insights needed to align with global ESG standards while ensuring that regulation remains supportive, not punitive. By fostering capacity-building, knowledge-sharing, and sustainable finance innovation, we can work together to build an interconnected, inclusive, and resilient ASEAN capital market.”

Echoing this sentiment, SC Chairman Dato’ Mohammad Faiz Azmi, highlighted the need to upskill regulators:

“Malaysia’s ASEAN Chairmanship in 2025 presents an opportunity to drive sustainability and financial resilience. Our collaboration with ICAEW ensures we stay ahead of global standards while equipping regulators to support market participants. Together, we can strengthen ASEAN’s capital markets and investor confidence,” he said.

As ICAEW continues to champion sustainability and professional excellence worldwide, this partnership exemplifies its role in empowering financial professionals, policymakers, and regulators with the tools needed to drive meaningful change.

About ICAEW

Founded in 1880, ICAEW has a long history of serving the public interest and we continue to work with governments, regulators and business leaders globally. And, as a world-leading improvement regulator, we supervise and monitor around 11,500 firms, holding them, and all ICAEW members and students, to the highest standards of professional competency and conduct.

About Securities Commission Malaysia (SC)

The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.

The Securities Commission Malaysia has direct responsibility for rule-making, enforcing regulations pertaining to the capital market, ensuring sustainable market growth and development, supervising capital market activities and market institutions including the exchanges, clearing houses and registered market operators, and regulating all entities and persons licensed under the Capital Markets and Services Act 2007. Based on the SCA, the SC reports to the Minister of Finance and our accounts are tabled in Parliament annually.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular