In September 2022, Bursa Malaysia announced the “Enhanced Sustainability Reporting Framework” with new disclosure requirements on climate change. How do these upcoming requirements bring greater clarity to the key issues and actions needed in order to drive a more effective sustainability performance, resilience and competitiveness of an organisation?
This dialogue aims to gather reactions and thoughts from Board & industry representatives, as well as sustainability practitioners on the impact of the newly enhanced framework. It is also intended to gather perspectives on how businesses can prepare themselves in the adoption of the necessary best practices, internalisation of their sustainability goals and consideration of critical sustainability risks, in particular climate change. Key outputs will be incorporated into ICDM’s Directors’ Development Plan in the areas of sustainability & ESG, to provide continuous support to boards in navigating the reporting transition.
- Discuss the enhanced requirements – key highlights of the additional disclosures
- Understand the disclosure requirements and its implications – existing and new
- Strengthen compliance with the enhanced framework.
• Board directors
• Sustainability Practitioners
Michele Kythe Lim, President & Chief Executive Officer, ICDM
Julian Hashim, Chief Regulatory Officer, Bursa Malaysia
Key Highlights of the Enhanced Sustainability Framework by Amarjit Kaur, Director, SHEMSI Sdn Bhd
|10.35am||Panel Discussion – Board’s Perspective and Moving Forward Goals
Moderator: Luanne Sieh, Head of Group Sustainability, CIMB Group
|11.05am||Open dialogue with panellists and guests|
|11.50am||FTSE4GOOD Bursa Malaysia ESG Rating for All PLCs – What It Means to Companies
by Wong Chiun Chiek, Senior Executive Vice President, Bursa Data Business, Bursa Malaysia
|12.00pm||End of programme|
Julian, an advocate & solicitor of the High Court of Malaysia, was a founder partner of a leading Kuala Lumpur law firm. In his 25 years of legal practice, Julian advised on all aspects of corporate transactional work including international and domestic M&As, take overs and capital market transactions. Julian also advised his clients on their on-going reporting obligations, corporate governance requirements and other compliance matters.
Once operationalised, Julian and his team at Bursa Malaysia Regulation undertakes all regulatory functions of Bursa Malaysia Berhad and its licensed subsidiaries ranging from regulatory strategies and policies, listing, market and corporate surveillance, corporate governance, participant supervision, investigation and enforcement.
Ms. Luanne is the head of Group Sustainability at CIMB Group, a leading focused ASEAN bank, where she is responsible for transforming CIMB into a shaper of sustainable finance and responsible banking practices in Asia.
Ms. Luanne has extensive experience in sustainability, strategy and transformation, as well as change management. She has been involved in a number of fields, including financial services and consulting. She was also a founding member of a startup company.
Ms. Luanne holds a Bachelor of Arts and a Master’s Degree in Manufacturing Engineering, as well as a Master of Arts from the University of Cambridge. She is currently pursuing a Master of Liberal Arts in Sustainability at the University of Harvard Extension School.
Datuk Iain John Lo (“Datuk Iain”) was appointed as an Independent Non-Executive Director of RHB Bank on 15 September 2020. He also serves as a Member of the Board Nominating & Remuneration Committee and Board Audit Committee.
He holds a Bachelor of Science in Civil Engineering from the University of California, Los Angeles (“UCLA”). He also holds a Master of Science in Civil Engineering from UCLA.
Datuk Iain retired as the Country Chairman of Shell Malaysia Limited on 31 March 2021. He is a proven leader who has extensive experience and held a broad range of roles over the past 30 years in Shell’s exploration and production, gas and downstream businesses both in Malaysia as well as abroad. Datuk Iain was the Chairman of Shell Refining Company Bhd until 2016.
He joined Sarawak Shell Berhad as a Field Engineer in 1990 before moving on to undertake various engineering, business development and corporate roles based in Malaysia, Singapore and Netherlands. His areas of responsibilities included governance of LNG and Chemicals joint ventures in Malaysia, Middle East, China and Russia. He was appointed as a Board Director of Singapore’s Economic Development Board in 2009 and served till 2012 when he returned to Malaysia as Chairman and Managing Director of Sarawak Shell Berhad and Sabah Shell Petroleum. In 2017, Datuk Iain was appointed as Asia Pacific Commercial Vice President for Shell’s exploration, production and gas businesses with accountability for regional acquisitions, divestments and new business development.
Datuk Iain’s other directorships in public companies include RHB Investment Bank Berhad and Digi.Com Berhad.
Sharmila is a Senior Independent Non-Executive Director of Top Glove Corporation Berhad. She’s also sits on other board as an Independent Non-Executive Director of Kumpulan Perangsang Selangor Berhad since September 2021.
She’s also a consultant in the Legal, Operations and Industry Development Departments of the RIM Group since January 2015 and a partner of Jerald Gomez & Associates since 2011 with areas of practice of Intellectual Property, Banking Litigation, Corporate Advisory, Estate Claims and Family Law matters.
Sharmila began her career as a legal assistant in year 1998 with Messrs. Chooi & Co., and joined Messrs. Tay & Partners as a Senior Legal Assistant in the Intellectual Property Department in 2004. Later on, she joined the RIM Group in 2005 and held various positions in the RIM Group.
She holds a B.A. Law & Economics (Honours) from Keele University, United Kingdom. She’s also a Barrister-At-Law, Middle Temple, United Kingdom since 1996. She’s an Advocate & Solicitor, High Court of Malaya, Malaysia since 1998 and an adjudicator for Asian International Arbitration Centre (Malaysia) (formerly Kuala Lumpur Regional Centre for Arbitration).
Amarjit was appointed as the Chief Corporate Officer of MRCB on 13 January 2016.
Prior to MRCB, from 2000 to 2015 he was Executive Director of Bursa Malaysia listed YTL e-Solutions Bhd and Chairman & Chief Executive Officer of the company’s subsidiary, Infoscreen Networks PLC, while it was listed on the London Stock Exchange. He was also seconded for a period of time to PEMANDU, in the Prime Minister’s Department, Malaysia.
Amarjit also has over 13 years of international equity markets and investment banking experience, having held positions in what were the UK’s leading investment banks. He was a UK Equity Fund Manager at Kleinwort Benson Investment Management and UK Equity Building & Construction Sector Analyst at Barclays de Zoete Wedd Securities Limited (now known as Credit Suisse) in London, and over 5 years from 1993 to 1998 was seconded to its offices in Kuala Lumpur, Hong Kong and Singapore as an Associate Director, working on a number of large equity capital raisings, including the IPOs of Litrak Bhd, YTL Power International Bhd and Petronas Gas Bhd. He ended this phase of his career as Associate Director of HSBC Securities in Singapore.
He’s also fellow of ICDM and involved in the SIDC, Capital Markets Director Programme. He’s also a dealer’s representative of Stock Exchange of Singapore and a registered representative of London Stock Exchange.
Amarjit has extensive experience in sustainability related consultancy locally and internationally in various sectors focusing on performance improvement through strategy development, management systems establishment, supply chain enhancements and assessments. She works with clients map out sustainability strategies through materiality assessments, establishing targets and metrics.
Sectors she has worked in include electronics and semiconductor, tourism and hospitality, petroleum, automotive, specialty hazardous and solid waste management, healthcare, mechanical, transportation and warehousing, construction, event management, property development, oil palm, food manufacturing and retail.
Amarjit has been representing Malaysia on various International Organization for Standardization (ISO) working groups for a number of years, including on ISO 14001:2015/14004 for environmental management systems, ISO 19001:2018 for the auditing of management systems, ISO 14016 on assurance of environmental reports and the revision of ISO 14015 for environmental due diligence.
She is a Fellow of the IEMA, GRI Certified Sustainability Professional and Trainer as well as an IEMA registered EMS and Environmental auditor. She was involved in delivering a number of workshops on behalf of Bursa Malaysia on sustainability reporting. Amarjit has first and post graduate degrees in environmental management.
Wong Chiun Chiek leads Bursa Data Business, a new function in the Exchange that oversees data and AI to enable key strategies. The scope includes executing Bursa’s Enterprise Data Transformation Program, which covers data governance, infrastructure and an Analytics Centre of Excellence. The function is also accountable for the Exchange’s commercial business in Information Services, Index and Sustainable Business.
As part of its operations, Bursa Data Business manages the FTSE-Bursa Malaysia Index portfolio and engages with listed enterprises to support their ESG needs.
Chiun Chiek has previously served as the Chief Strategy Officer and Chief Financial Officer for IBM Malaysia, while being responsible over Enterprise Cloud Solution client engagements. He has broad international experiences including an assignment with IBM Asia Pacific Headquarter in Shanghai, China.
Chiun Chiek is a Fellow of the Chartered Institute of Management Accountants, and holds a Bachelor Degree in Finance conferred by the University of Hertfordshire.