KUALA LUMPUR: The Advisory Committee on Sustainability Reporting (ACSR) will conduct an online public consultation next month on the use of the sustainability disclosure standards issued by the International Sustainability Standards Board (ISSB) in Malaysia.

       The Securities Commission in a statement said the ISSB developed its first two standards after extensive feedback and calls from the Group of 20, the Financial Stability Standards Boards, the International Organisation of Securities Commissions) and the business and investor communities for a common standard to disclose sustainability information and climate-related risks and opportunities.

       The first two standards are called the IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures).

       The online public consultation is scheduled for six weeks. — Bernama