The purpose of the platform is to ease companies in their sustainability disclosures and encourage effective management of their carbon emissions.
BUrsa Malaysia's platform is a collaboration with the London Stock Exchange Group to allow corporates and their listed and non-lister suppliers, domestic and international, to calculate their carbon emissions impact and disclose standarised, common ESG data.
In a joint statement, the parties said PETRONAS would be participating in the Early Adopter Programme of the platform to advocate standardised ESG reporting and disclosures while exploring creation of further value throughout its supply chain. These efforts shall be supported by University Teknologi PETRONAS with its fundamental research and academic exchanges.
"We encourage other industry captains, particularly those with significant stakes in the global supply chain, to also tap into this avenue and take the helm for change within their respective verticals," said Bursa Malaysia CEO Datuk Muhamad Umar Swift.
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