March 15 – The Companies Commission of Malaysia (SSM) has announced an open tender for businesses and consulting firms to develop Environment, Social, and Governance (ESG) policy frameworks. This initiative aligns with Malaysia’s ongoing efforts to strengthen corporate sustainability practices under the Companies Act 2016 (Act 777).
Tender Details
The tender, labeled 2/2025, seeks qualified firms to provide consultancy services in formulating an ESG reporting framework for SSM. The key details are as follows:
- Scope of Work: Development of ESG policies and reporting frameworks in accordance with Act 777.
- Eligibility Criteria:
- Must be registered with the Companies Commission of Malaysia (SSM).
- Must have a minimum of two years’ experience in ESG-related consultancy services.
- Tender Invitation Date: March 14, 2025
- Closing Date: March 24, 2025, at 12:00 PM
- Submission Process:
- Soft copy (digital version): Can be requested via e-perolehan@ssm.com.my between March 14 – March 21, 2025. Only eligible applicants will receive download access.
- Hard copy (physical submission): To be submitted to Peti A, Procurement Management Division, SSM, Level 25, Menara SSM@Sentral, Kuala Lumpur.
Enhancing ESG Compliance in Malaysia
This tender reflects SSM’s commitment to advancing ESG principles within Malaysia’s corporate sector. By establishing a structured ESG policy, businesses can enhance corporate governance, environmental responsibility, and social impact—key components in sustainable business growth.
Why This Matters for ESG & Sustainability
- Encourages greater transparency in corporate sustainability practices.
- Supports businesses in Malaysia in aligning with global ESG reporting standards.
- Strengthens corporate governance policies to mitigate risks related to sustainability and compliance.
Final Thoughts
The introduction of this ESG policy development project highlights Malaysia’s progressive stance on corporate sustainability. Businesses with expertise in ESG consulting are encouraged to participate in this tender to contribute towards a more responsible and sustainable corporate landscape.
For more details and the latest updates, interested firms should regularly check SSM’s official website for any announcements or modifications to the tender process.
