“Integrated Reporting” Getting a Look in Malaysia
Citing the need for organisations in Malaysia to “drive forward transparency and accountability, together with good governance”, Deputy Trade Minister Datuk Chua Tee Yong called for the adoption of Integrated Reporting in the private sector. This refers to the inclusion of a broader set of data in corporate reporting, including environmental, social and governance (ESG) data, which is increasingly being used by investors to assess an organisation’s performance. Business reporting initiatives in this area are being led by a number of organisations, several of whom have XBRL taxonomies. The idea is that if Malaysian companies adopt this style of reporting, the resulting transparency will spur investment, leading to greater economic growth and development.