The Level of Sustainability Statement Disclosure in Malaysia Listed Companies

Corporate Social Responsibility (CSR) is a management concept in which companies incorporate social and environmental issues into their operations and interactions with stakeholders. The aim of the study is to analyses the level of sustainability statement disclosure in Malaysia listed companies to observe the level of companies’ compliance toward the amendment in Practice Note 9 in the Listing Requirements by Bursa Malaysia Securities Berhad which clearly spells out that all listed firms in Malaysia must now include a sustainability statement in their annual report. This study is quantitative research where authors adopt a descriptive statistical analysis in which the primary source were the Bursa Malaysia Securities Berhad's Main Market Listing Requirements and Sustainability Reporting Guide. The findings show that the full compliance of public listed firms with the guidelines issued by Bursa Malaysia is still appears to be weak. Companies who are aware of the need for sustainability reporting will practice responsible business with more discipline. The values will be a guideline for everyone in the firm. Therefore, all companies should take steps in all areas to adhere to the guidelines provided in order to achieve positive outcomes. Further, the policymakers and regulators could reevaluate the compliance of companies toward sustainability statement disclosure and enhance the level of compliance.