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Climate change: Call for internal auditors to be the agent of change

Turing its annual conference held on Oct 19 and 20, the Institute of Internal Auditors Malaysia asked internal auditors to play a proactive role in elevating public-listed companies’ (PLCs) sustainability-related practices (encompassing environmental, social and governance, or ESG) and disclosures, including climate change-related disclosures aligned with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFDs). On Sept 26, Bursa Malaysia announced enhanced sustainability reporting requirements for PLCs listing on the Main Market and ACE Market. This announcement had a major implication for internal auditors and the internal audit function (IAF).

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