ESG Label

Bursa Malaysia has officially launched its ESG Reporting Platform on 4 December 2023. In other words, this is a mandatory environmental, social, and governance (ESG) reporting for companies listed on the Main Market and ACE Market. The ESG Reporting of Bursa Malaysia is yet another initiative to improve sustainability reporting standards among listed issuers.

Therefore, we need to take cognizance of the reality of business and industries facing with the needs of ESG reporting; as well as the more stringent Greenhouse Gases or GHG emission reduction compliance. Relevance to this GHG emission reduction, is the European Union (EU)’s legislation on the Carbon Border Adjustment Mechanism (CBAM).

Although the ESG Reporting is being implemented in a phased approach, it is a matter of time that this will become a mandatory requirement in the near future. Many companies may think that these requirements are not necessary for them since they are neither companies listed on the Main Market nor ACE Market. But, wait - are you sure you are not a downstream supplier of goods or networks to these companies or organizations?

So, why not start on this journey – make simple through the first step by getting a MAGBA Certified ESG Label?

Why Get Certified?

Certification Levels

Empowering Sustainable Choices

Gold

This is the highest-level designation offered by MAGBA and is only awarded to a member who meets all requisite criteria within the MAGBA ESG Label. This level reflects comprehensive, exemplary achievement in all themes.

Silver

MAGBA Silver ESG is awarded to a member who has met high scores but have not achieved all the criteria in all the categories as evaluated by the auditors.

Bronze

This Label is awarded to a member whose operational activities has achieved the minimum requirements against the criteria in some of the major categories as evaluated by the auditors.

*MAGBA reserves all rights in respect to awarding certification.
*Certified Members must also complete independent and mandatory onsite or desktop audits in alternating years
*Audited with technical collaboration from Artchemy (1144009-P) and YC Holdings Inc.
(https://www.yourcarbon.com.tw/)

Steps
involved

Rate

Early bird pricing
  • * This price is inclusive of the audit cost within Klang Valley.
  • * For an audit outside of Klang Valley, additional charges might be incurred.
  • * A company applying for the ESG Label shall become a MAGBA member; as pre-requisite.
  • * The Entrance Fees & 1st year Membership Fees is included in the rate above.
RM6000

RM5700

Apply Here

For more information,
contact us at:

MAGBA Project Secretariat

No. 7 Jalan SS13/3C
47500 Subang Jaya
Selangor Dahrul Ehsan, Malaysia

Tel: +603 5634 6500

Email: [email protected]