ICAEW Partners SC to Strengthen Expertise in Sustainability Disclosures
- Focuses on capacity-building and sustainability certifications programmes.
- Emphasis on role of regulators in sustainability policy and stakeholder engagement.
The Securities Commission Malaysia (SC) and the Institute of Chartered Accountants in England and Wales (ICAEW) have entered into a collaboration aimed at strengthening expertise in sustainability disclosures. This partnership focuses on capacity-building through specialized training on climate-related financial disclosures and sustainability certifications.
This collaboration coincides with Malaysia’s ASEAN Chairmanship in 2025, which emphasizes inclusivity and sustainability.
As part of this initiative, ICAEW conducted a workshop at the ASEAN Capital Markets Forum (ACMF) Chairs Meeting in Penang. The workshop covered key topics such as IFRS S1 and S2 standards for climate and sustainability disclosures, scope 3 emissions reporting challenges, and the impact of global climate regulations like the Carbon Border Adjustment Mechanism (CBAM) and the Corporate Sustainability Reporting Directive (CSRD).
ICAEW Chief Executive Alan Vallance noted, “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.”
SC Chairman Mohammad Faiz Azmi highlighted the importance of upskilling regulators, stating, “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.”
Neetasha Rauf, Chief Sustainability Officer, Securities Commission Malaysia; Alex Ooi Thiam Poh, Executive Director and Head, Audit Oversight, Securities Commission Malaysia; Azalina Adham, Managing Director, Securities Commission Malaysia; Dr. Ernest Kan, ICAEW Council Member for Southeast Asia; Mohammad Faiz Azmi, Executive Chairman, Securities Commission Malaysia; Alan Vallance, Chief Executive, ICAEW; Shenola Gonzales, Head of Malaysia, ICAEW; Zain Azhari Mazlan, Executive Director, Corporate Finance & Investments, Securities Commission Malaysia; Khairul Ridzwan Abdul Kuddus, General Manager, International Affairs, Securities Commission Malaysia; at the signing ceremony on collaboration between Securities Commission Malaysia and the Institute of Chartered Accountants in England and Wales.
