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NCGS 2026 Day 3: Reporting, Disclosure and Practical Perspectives
- CGM
- 5 days ago
- 3 min read
Day 3 of the National Climate Governance Summit (NCGS) 2026 brought together professionals from the accountancy, sustainability, corporate, legal and financial sectors for discussions on the practical challenges and opportunities of the climate transition.
The day featured two Masterclasses under the Reporting and Disclosure theme, alongside two Workshops exploring climate litigation and transition finance.
Masterclass
Turning NSRF into Reality: Practical Challenges and Insights from Implementation
The first Masterclass brought together Rasmimi Ramli, Executive Director, Sustainability, Digital Economy & Services, Malaysian Institute of Accountants (MIA); Nooryusazli Yusoff, Managing Director, NY Consulting & Advisory; and Saravanan Desigamanie, Chief Risk & Sustainability Officer, KPJ Healthcare Berhad, moderated by Rasmimi Ramli.
The session explored the practical realities of implementing Malaysia’s National Sustainability Reporting Framework (NSRF), looking beyond technical compliance to the governance, data, financial and organisational capabilities needed for meaningful reporting.
Discussions highlighted the importance of clear accountability, reliable data, climate scenario analysis, assurance readiness and stronger integration between sustainability and finance functions. KPJ Healthcare Berhad also shared its first-cycle experience, including its cross-functional approach to NSRF implementation.
Key takeaway: Effective NSRF implementation requires more than producing disclosures. It requires strong governance, credible data and clear links between sustainability-related risks, opportunities and financial performance.
Opportunities — Where Strategy, Sustainability, and Capital Allocation Intersect
This Masterclass brought together Dato’ Merina Abu Tahir, Global Council Member, ACCA and Board Member of Public Listed Companies; Satpal Singh, Chief Strategy & Sustainability Officer, PLUS Malaysia; Kristine Ng, Head, Group Corporate Sustainability, IOI Properties Group Berhad; and Farhana Jabir, Director, Sustainability and Climate Change, PwC Malaysia, moderated by Chow Hsiao Mei, Head of Corporate Reporting Insights – Sustainability, ACCA.
The discussion explored how organisations can move beyond focusing primarily on risk mitigation and identify sustainability opportunities that contribute to business value, strategic growth and long-term resilience.
Examples from PLUS Malaysia and IOI Properties highlighted how sustainability initiatives can support operational efficiency, future market readiness and value creation, while the board perspective emphasised the importance of strategic fit, scalability and capital allocation.
Key takeaway: Sustainability opportunities become more meaningful when they are connected to strategy, capital allocation and long-term value creation.
Workshops
The Rise of Climate Change Litigation: Accountability, Governance, and Adaptation
Led by Kwong Chiew Ee, Co-Deputy Chairperson, Bar Council Environment, Climate Change and ESG, and Partner at Rahmat Lim & Partners, this workshop examined the growing relevance of climate litigation to Malaysian businesses and boards.
The discussion explored different pathways through which climate litigation can reach corporate boardrooms, including duty to mitigate, climate-washing, disclosure and director duties, failure to adapt and supply chain risks.
Participants also examined Malaysian and international cases and took part in an interactive exercise assessing the likelihood and severity of different climate-related legal risks.
Key takeaway: Climate governance increasingly requires organisations to consider not only sustainability reporting, but also legal accountability, disclosure practices, supply chain controls and adaptation readiness.
Financing the Net Zero Transition: Turning Ambition into Action
The second workshop, led by Yang Mulia Raja Amir Shah Raja Azwa, Zikri Jaafar and Elina Hamid of HSBC Malaysia, focused on how organisations can move from net-zero commitments towards credible transition pathways and strategic capital allocation.
The session explored the fundamentals of transition finance, including understanding an organisation’s current position, setting measurable targets and financing practical decarbonisation pathways, particularly for hard-to-abate sectors. It also highlighted HSBC’s own net-zero journey and the role of transition finance, credible disclosures and collaboration across the financial ecosystem.
Key takeaway: Turning net-zero ambition into action requires measurable targets, credible transition pathways and appropriate financing.
A Day of Practical Perspectives
Day 3 highlighted how climate-related reporting and disclosure are increasingly connected to wider areas of organisational decision-making — from strategy and capital allocation to legal accountability and transition finance.
Across the four sessions, participants gained practical perspectives on the challenges organisations face and the steps needed to move from commitments and reporting towards credible implementation and action.
Session Slides
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