Your IFRS Readiness is Advanced
Disclosure-ready in most areas. Targeted gaps remain.
MalaysiaInfrastructurePublicly ListedReadiness by IFRS Pillar
Maturity × Regulatory Exposure
LeaderRegulatory Landscape · Malaysia
High urgencyNational Sustainability Reporting Framework (NSRF)·Mandatory (phased)·Per Securities Commission Malaysia / Bursa Malaysia / ASB
Remaining Main Market issuers
- FY2025· In forceMandatoryNSRF (IFRS S1+S2 baseline)
Bursa Main Market issuers with market cap ≥ RM 2B (~130 issuers)
- FY2026· In forceMandatoryNSRF
Remaining Main Market issuers
- FY2027· Within 24 monthsMandatoryNSRF
ACE Market issuers and large non-listed companies (annual revenue > RM 2B)
NSRF makes IFRS S1 & S2 the baseline for Malaysian sustainability disclosure, mandatory for Bursa Main Market issuers ≥RM 2B market cap from FY2025. ACE Market and large private companies (revenue >RM 2B) phase in through FY2027.
Malaysia's NSRF adopts IFRS S1 and S2 as its baseline, phased across FY2025 to FY2027. Main Market issuers above RM 2B market cap report first from FY2025; remaining Main Market issuers -- which is where a mid-cap such as Selasih Infra sits -- follow in FY2026, with ACE Market and large non-listed companies (revenue above RM 2B) in FY2027. Transition reliefs allow an initial focus on climate disclosure for principal business segments, which makes the FY2026 window a genuine opportunity rather than only a deadline. A score of 58/100 suggests Selasih Infra is broadly ready on governance but behind on Strategy and Metrics.
Interoperability: NSRF adopts IFRS S1 and IFRS S2 as the baseline. Transition reliefs permit initial focus on climate disclosures for principal business segments.
Regulatory information current as of March 2026. Source: Securities Commission Malaysia / Bursa Malaysia / ASB · sc.com.my. For educational purposes. Verify with local counsel before acting.
Disclosure Topic Readiness
Executive Summary
Selasih Infra Berhad scores 58 out of 100, placing it in the Advanced tier with disclosure-ready governance but material gaps in Strategy and Metrics. Scenario analysis, transition planning, and Scope 3 measurement are the binding constraints for NSRF readiness. As a mid-cap Main Market issuer, Selasih Infra falls into the FY2026 phase, so closing these three gaps over the next 6 months is the priority.
IFRS S2 Appendix B for Infrastructure -- covering electric utilities, real estate and construction -- centres on GHG emissions intensity per unit of output, physical resilience of long-lived assets, and the pace of the low-carbon transition in generation mix or building stock. Selasih Infra tracks asset emissions intensity comprehensively, which is the sector's headline metric and a genuine strength. The gaps are asset-level physical risk beyond flagship assets, and a low-carbon transition that remains a directional commitment without milestones. Leading regional peers disclose portfolio-wide flood and heat exposure with financial quantification, and publish CapEx-aligned transition roadmaps.
Board oversight and executive accountability are disclosure-ready and already meet Bursa's Sustainability Reporting Guide expectations. The remaining gap is linking executive compensation to climate KPIs, which leading Main Market infrastructure peers have begun disclosing. Expect investor pressure on this well before it becomes an explicit NSRF requirement.
Strategy is the weakest pillar. Scenario analysis is qualitative only, and the transition plan is at concept stage. IFRS S2 -- adopted wholesale by NSRF -- requires resilience assessment against a diverse set of climate scenarios including a Paris-aligned pathway. For an asset-heavy infrastructure portfolio this is the largest single compliance risk before FY2026.
Physical and transition risks are being assessed, but only for flagship and new assets, and they are not fully integrated into enterprise risk management. For Malaysian infrastructure this is a material omission: monsoon flooding and heat stress are the dominant physical risks, and portfolio-wide asset-level assessment is what NSRF disclosure will be judged against.
Scope 1+2 measurement is robust and asset emissions intensity is tracked. Scope 3 is spend-based across 1-3 categories only. For infrastructure, embodied carbon in construction materials and purchased electricity dominate the footprint, so activity-based Scope 3 across material categories is required before the first NSRF report.
Executive summary and pillar insights generated by AI based on your responses. Not investment or legal advice.
Top Disclosure Gaps
10 identified- Strategyhigh· Scenario Analysis
Have you conducted climate scenario analysis covering a Paris-aligned pathway and at least one higher-warming scenario?
Current: Qualitative review only
- Metrics & Targetshigh· Scope 3 Coverage
How many Scope 3 categories do you measure?
Current: 1-3 categories
- Metrics & Targetshigh· Scope 3 Data Quality
What is the typical data quality of your Scope 3 inventory?
Current: Spend-based factors only
- Metrics & Targetshigh· Emission Targets
Do you have emissions reduction targets, and are they validated?
Current: Internal targets only
- Strategymedium· Transition Plan
Do you have a formal transition plan toward a lower-carbon economy?
Current: Concept stage / in development
- Risk Managementmedium· Integration with ERM
Is climate risk integrated into your enterprise risk management framework?
Current: Partially mapped
- Risk Managementmedium· Physical Asset Resilience
Have you assessed physical climate risk at the asset level across your portfolio?
Current: Assessed for flagship or new assets only
- Governancelow· Incentive Linkage
Are ESG or climate KPIs linked to executive compensation?
Current: Under consideration
Prioritised Action Plan
6 recommended actions- 1
Commission quantitative climate scenario analysis
High priority0-3 monthsIFRS S2 requires resilience assessment against multiple scenarios including a Paris-aligned pathway. Engage external specialists now; a typical 8-12 week turnaround leaves no margin if started after Q2 2026 for FY2026 reporting.
- 2
Expand Scope 3 inventory to activity-based
High priority0-3 monthsEmbodied carbon in cement, steel and purchased electricity dominates infrastructure Scope 3. Move the top 5 categories from spend-based to activity-based factors before FY2026 close.
- 3
Publish SBTi-aligned emission targets
High priority3-6 monthsInternal-only targets fall short of NSRF disclosure expectations and of what Bursa investors now screen for. SBTi validation typically takes 24-30 weeks; initiate now to have public targets ready for FY2026.
- 4
Extend physical risk assessment portfolio-wide
Medium priority3-6 monthsFlagship-only assessment does not meet IFRS S2's asset-level expectation. Malaysian flood and heat exposure varies sharply by state, so extend screening across the full portfolio and feed the output into CapEx prioritisation.
- 5
Integrate climate risk into the ERM framework
Medium priority3-6 monthsPartial mapping does not meet IFRS S2's integrated-assessment threshold. Align the climate-risk taxonomy with enterprise risk scoring in the next risk committee cycle.
- 6
Draft a transition plan with interim milestones
Medium priority6-12 monthsA published transition plan with CapEx alignment is becoming table stakes for listed Malaysian infrastructure. Move from concept to 2030/2035 milestones with disclosed CapEx and a defined low-carbon shift for generation mix or building stock.
Action plan generated by AI based on your responses. Not investment or legal advice.
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