Your IFRS Readiness is Advanced
Disclosure-ready in most areas. Targeted gaps remain.
MalaysiaInfrastructurePublicly ListedReadiness by IFRS Pillar
Disclosure Readiness × 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 53/100 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 53 out of 100, placing it in the Advanced tier: governance is well evidenced, while Strategy and Metrics carry material gaps. 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 well evidenced -- documented terms of reference, minuted decisions, a clear audit trail -- and already meet Bursa's Sustainability Reporting Guide expectations. Two gaps remain before this pillar is disclosure-ready: executive compensation is not yet linked to climate KPIs, and assurance currently covers only selected disclosures rather than the full statement.
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 1-2 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
16 identified- Strategyhigh· Transition Plan
Do you have a formal transition plan toward a lower-carbon economy?
Current: Concept stage or in development
- Strategyhigh· Financial Effects
Can you quantify the current and anticipated financial effects of your sustainability risks and opportunities?
Current: Described qualitatively only
- Governancemedium· Incentive Linkage
Are ESG or climate KPIs linked to executive compensation?
Current: Under consideration or in design
- Governancemedium· Disclosure Assurance
Beyond GHG verification, is your sustainability disclosure subject to independent assurance?
Current: Limited assurance over selected disclosures
- Strategymedium· Scenario Analysis
Have you conducted climate scenario analysis covering a Paris-aligned pathway and at least one higher-warming scenario?
Current: Qualitative review across pathways
- Risk Managementmedium· Integration with ERM
Is climate risk integrated into your enterprise risk management framework?
Current: In the risk register but assessed separately
- Metrics & Targetsmedium· Scope 3 Coverage
How many Scope 3 categories do you measure?
Current: 1-2 categories
- Metrics & Targetsmedium· Scope 3 Data Quality
What is the typical data quality of your Scope 3 inventory?
Current: EEIO spend-based estimates only
Prioritised Action Plan
6 recommended actions- 1
Quantify the financial effects of your priority climate risks
High priority0-3 monthsThis is the core of IFRS S1: disclosure must state the current and anticipated effects on cash flows, access to finance and cost of capital. A qualitative description will not satisfy it. Start with the three risks already in the register that touch CapEx and insurance cost, and put ranges against defined time horizons.
- 2
Move the transition plan from concept to disclosed milestones
High priority0-3 monthsA published plan with CapEx alignment is becoming table stakes for listed Malaysian infrastructure, and it is the single largest gap in this assessment. Set 2030 and 2035 milestones, attach disclosed CapEx, and define the low-carbon shift for generation mix or building stock.
- 3
Expand Scope 3 inventory to activity-based data
Medium priority3-6 monthsEmbodied carbon in cement, steel and purchased electricity dominates infrastructure Scope 3, and spend-based factors across one or two categories will not support a disclosure. Move the top five categories to activity-based factors before FY2026 close.
- 4
Take scenario analysis from qualitative to quantified
Medium priority3-6 monthsIFRS S2 requires resilience assessment against multiple scenarios including a Paris-aligned pathway, with a reviewable methodology. A typical 8-12 week turnaround leaves no margin if started after Q2 2026 for FY2026 reporting.
- 5
Publish SBTi-aligned emission targets
Medium priority3-6 monthsInternal 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.
- 6
Integrate climate risk into the ERM framework
Medium priority6-12 monthsSitting in the risk register but assessed separately does not meet IFRS S2's integrated-assessment threshold. Align the climate-risk taxonomy with enterprise risk scoring in the next risk committee cycle.
Action plan generated by AI based on your responses. Not investment or legal advice.
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