Bursa Assist (formerly known as Bursa 2U)

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How do listed issuers determine their Group?

Scenario 1

PLC X’s market capitalisation (excluding treasury shares) on 31 December 2024 was RM2.0 billion. However, its market capitalisation subsequently decreased to RM1.9 billion on 1 February 2025.

Is PLC X still required to prepare its Sustainability Statement in accordance with the IFRS Sustainability Disclosure Standards for the annual report issued for the financial year ending (“FYE”) on or after 31 December 2025?

Yes, PLC X is a Group 1 listed issuer and must continue to comply with the requirement to prepare its Sustainability Statement in accordance with the IFRS Sustainability Disclosure Standards even if its market capitalisation has subsequently decreased to below the RM2.0 billion threshold prescribed under paragraph 1.1(a) of Practice Note 9A of the Main Market Listing Requirement. 

Scenario 2

PLC Y was listed on the Main Market on 1 February 2025 and has a market capitalisation of RM2.0 billion upon listing. However, its market capitalisation subsequently fluctuated and dipped below RM2.0 billion after its listing.

Is PLC Y still required to prepare its Sustainability Statement in accordance with the IFRS Sustainability Disclosure Standards for the annual report issued for FYE on or after 31 December 2025?

Yes, PLC Y is a Group 1 listed issuer and must continue to comply with the requirement to prepare its Sustainability Statement in accordance with the IFRS sustainability Disclosure Standards given that its market capitalisation on the date of its admission to the Main Market meets the RM2.0 billion threshold prescribed under paragraph 1.1(a) of Practice Note 9A of the Main Market Listing Requirement.

Scenario 3

PLC Z market capitalisation (excluding treasury shares) on 31 December 2024 was RM1.9 billion. However, its market capitalisation subsequently increased to RM2.0 billion on 15 February 2025.

Is PLC Z required to prepare its Sustainability Statement in accordance with the IFRs Sustainability Disclosure Standards for the annual report issued for FYE on or after 31 December 2025?

No, PLC Z is a Group 2 listed issuer as it does not meet the RM2.0 billion threshold prescribed under paragraph 1.1(a) of Practice Note 9A of the Main Market Listing Requirement on 31 December 2024. PLC Z will only be required to prepare its Sustainability Statement in accordance with the IFRS Sustainability Disclosure Standards commencing from the annual report issued for FYE on or after 31 December 2026. 

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