Malaysia National Sustainability Reporting Framework (NSRF) 2024
Malaysia's national framework adopting IFRS S1 and S2 as the baseline sustainability disclosure standards: who is in scope (Main Market and ACE Market issuers, non-listed companies above RM2 billion revenue), the staged adoption timeline from 2025 to 2027, reliance and exemption routes for large private subsidiaries, the ISSB proportionality mechanisms, the climate-first, principal-segment and Scope 3 transition reliefs, the roadmap to reasonable assurance of Scope 1 and 2 emissions, and the rule that location and timing follow each entity's regulator.
Malaysia National Sustainability Reporting Framework (NSRF) 2024 is a compliance framework from Malaysia with 3 domains and 11 controls. The largest domains are Sections IV and V: applicable entities, the ISSB baseline and the adoption timeline – Malaysia National Sustainability Reporting Framework (NSRF) 2024 (5 controls), Section VI: proportionality mechanisms and additional transition reliefs – Malaysia National Sustainability Reporting Framework (NSRF) 2024 (4 controls), Sections VII to X: assurance, location and timing, legal instruments and oversight – Malaysia National Sustainability Reporting Framework (NSRF) 2024 (2 controls). Every control below carries what it requires and what an assessor expects to see.
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Framework Domains (3)
Section VI: proportionality mechanisms and additional transition reliefs – Malaysia National Sustainability Reporting Framework (NSRF) 2024
| Code | Title |
|---|---|
| malaysia-national-sustainability-reporting-framework-nsrf-2024::6.1 | Use the ISSB proportionality mechanisms: reasonable and supportable information without undue cost or effort, and qualitative approaches where capability is lacking |
| malaysia-national-sustainability-reporting-framework-nsrf-2024::ATR1 | Additional transition relief 1: climate-first reporting under IFRS S2, with comparative information relief |
| malaysia-national-sustainability-reporting-framework-nsrf-2024::ATR2 | Additional transition relief 2: climate disclosures focused on principal business segments |
| malaysia-national-sustainability-reporting-framework-nsrf-2024::ATR3 | Additional transition relief 3: Scope 3 emissions deferred, then reported by GHG Protocol category |
Sections IV and V: applicable entities, the ISSB baseline and the adoption timeline – Malaysia National Sustainability Reporting Framework (NSRF) 2024
| Code | Title |
|---|---|
| malaysia-national-sustainability-reporting-framework-nsrf-2024::4.1 | Determine whether the entity is in scope: Main Market, ACE Market or a Large NLCo |
| malaysia-national-sustainability-reporting-framework-nsrf-2024::4.3 | Out-of-scope entities, hard-to-abate and CBAM sectors: voluntary adoption encouraged |
| malaysia-national-sustainability-reporting-framework-nsrf-2024::5.1 | Adopt on the staged timeline: Group 1 from 2025, Group 2 from 2026, Group 3 from 2027 |
| malaysia-national-sustainability-reporting-framework-nsrf-2024::5.2 | Large NLCos within reporting groups: reliance on the holding company or a time-limited exemption |
| malaysia-national-sustainability-reporting-framework-nsrf-2024::S1S2 | Apply IFRS S1 and IFRS S2 as issued by the ISSB as the baseline standards |
Sections VII to X: assurance, location and timing, legal instruments and oversight – Malaysia National Sustainability Reporting Framework (NSRF) 2024
| Code | Title |
|---|---|
| malaysia-national-sustainability-reporting-framework-nsrf-2024::7 | External assurance: voluntary now, reasonable assurance on Scope 1 and 2 emissions from 2027, 2028 and 2029 by group |
| malaysia-national-sustainability-reporting-framework-nsrf-2024::8 | Location and timing of disclosures follow the entity's own regulator |
What is Malaysia National Sustainability Reporting Framework (NSRF) 2024 and who does it apply to?
Malaysia National Sustainability Reporting Framework (NSRF) 2024 is a compliance framework from Malaysia with 3 domains and 11 controls. Malaysia's national framework adopting IFRS S1 and S2 as the baseline sustainability disclosure standards: who is in scope (Main Market and ACE Market issuers, non-listed companies above RM2 billion revenue), the staged adoption timeline from 2025 to 2027, reliance and exemption routes for large private subsidiaries, the ISSB proportionality mechanisms, the climate-first, principal-segment and Scope 3 transition reliefs, the roadmap to reasonable assurance of Scope 1 and 2 emissions, and the rule that location and timing follow each entity's regulator. It is used by organisations to establish and maintain compliance with industry standards and regulatory requirements.
What does Malaysia National Sustainability Reporting Framework (NSRF) 2024 actually require?
Malaysia National Sustainability Reporting Framework (NSRF) 2024 has 11 controls organised across 3 domains. The largest domains are Sections IV and V: applicable entities, the ISSB baseline and the adoption timeline – Malaysia National Sustainability Reporting Framework (NSRF) 2024 (5 controls), Section VI: proportionality mechanisms and additional transition reliefs – Malaysia National Sustainability Reporting Framework (NSRF) 2024 (4 controls), Sections VII to X: assurance, location and timing, legal instruments and oversight – Malaysia National Sustainability Reporting Framework (NSRF) 2024 (2 controls). Each control defines specific requirements that organisations must implement to achieve compliance.
If I already comply with another framework, how much of Malaysia National Sustainability Reporting Framework (NSRF) 2024 do I already cover?
Malaysia National Sustainability Reporting Framework (NSRF) 2024 does not currently have cross-framework mappings in our system. Check back as we continuously expand our mapping database.
How do I implement Malaysia National Sustainability Reporting Framework (NSRF) 2024?
Start your Malaysia National Sustainability Reporting Framework (NSRF) 2024 compliance journey by running a self-assessment on our platform to identify your current compliance posture. Our AI advisory can answer specific questions about Malaysia National Sustainability Reporting Framework (NSRF) 2024 requirements, and cross-framework mapping helps you leverage existing controls from other frameworks you may already comply with. Create a free account to access all 11 controls and track your progress.
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