CATALIST-listed LMS Compliance on Thursday (Mar 16) launched an environmental, social and governance (ESG) reporting service aimed at helping Bursa-listed companies meet their upcoming regulatory obligations.

Last September, the Malaysian stock exchange rolled out an enhanced framework for sustainability reporting, making it compulsory for main market listed issuers to disclose common sustainability matters for the financial year ending on or after Dec 31, 2023.

For FYs ending after Dec 31, 2025, there would be additional requirements for the disclosures to be aligned with the Task Force on Climate-Related Financial Disclosures (TCFD).

In a statement on Thursday (Mar 16), LMS Compliance’s chief executive officer Louis Ooi said the lab testing and certification services provider’s “proven track record in Malaysia” makes it an ideal partner for companies wanting to link environmental sustainability with business growth.

“For this reason, expanding into the ESG reporting market is a natural progression for our business,” he said.

The suite of solutions under its reporting service include ESG data collection, impact assessment, reporting and advisory, said LMS Compliance. It estimates that each report can be turned around within 45 days.

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The service will be made available globally and “will be highly attuned to the laws regulations and guidelines of the client’s country of operations”, it added.

Shares of LMS Compliance closed flat at S$0.315 on Thursday.