This collaboration focuses on capacity-building, with ICAEW providing specialised training for SC on climate-related financial disclosures, greenhouse gas (GHG) emissions reporting, and sustainable finance frameworks.
As part of this initiative, ICAEW will conduct a series of high-impact workshops, beginning with a session on 14 February 2025 at the ASEAN Capital Markets Forum (ACMF) Chairs Meeting in Penang.
The 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 assumes 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.”
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.
ENDS
Media Enquiries
- Delyana Nordin, Corporate Affairs on +6012 2072787 or email delyanan@seccom.com.my
- Aina Farhani on +6019 434 8707 or
e-mail: ainaf@seccom.com.my. - Amy Tee, ICAEW Head of Marketing, China & Southeast Asia, on +65 9108 1517, or email amy.tee@icaew.com
- Lim Ming Hsiang, ICAEW Lead, Marketing and Student Recruitment, Malaysia, on +6012 968 0548, or email MingHsiang.Lim@icaew.com
- Michelle Bridget, Continuum PR, on +6012 697 7356, or email michelle.bridget@continuumpr.com
About the Securities Commission Malaysia
The Securities Commission Malaysia (SC), a statutory body reporting to the Minister of Finance, was established under the Securities Commission Act 1993. It is the sole regulatory agency for the regulation and development of capital markets. The SC has direct responsibility for supervising and monitoring the activities of market institutions, including the exchanges and clearing houses, and regulating all persons licensed under the Capital Markets and Services Act 2007. More information about the SC is available on its website at www.sc.com.my. Follow the SC on twitter at @SecComMy for more updates.
About ICAEW - The Institute of Chartered Accountants in England and Wales
Chartered accountants are talented, ethical and committed professionals. ICAEW represents more than 208,000 members and students around the world.
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 12,000 firms, holding them, and all ICAEW members and students, to the highest standards of professional competency and conduct.
We promote inclusivity, diversity and fairness and we give talented professionals the skills and values they need to build resilient businesses, economies and societies, while ensuring our planet’s resources are managed sustainably.
ICAEW is the first major professional body to be carbon neutral, demonstrating our commitment to tackle climate change and supporting UN Sustainable Development Goal 13.
ICAEW is a founding member of Chartered Accountants Worldwide (CAW), a global family that connects more than 1.8m chartered accountants and students in more than 190 countries. Together, we support, develop and promote the role of chartered accountants as trusted business leaders, difference makers and advisers.
We believe that chartered accountancy can be a force for positive change. By sharing our insight, expertise and understanding we can help to create sustainable economies and a better future for all.
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