By the MIA Sustainability, Digital Economy and Services Team
In supporting the accountancy profession in navigating sustainability, MIA presents the April 2026 edition of “Top Sustainability News for Accountants” which highlights key significant global and local sustainability-related developments. This edition features key updates on sustainability reporting standards, climate-related disclosures, regulatory developments, carbon tax, and ESG-related initiatives that continue to shape the future of corporate reporting and sustainable business practices.
Through these updates, accountancy professionals can stay informed on emerging trends, regulatory expectations, and sustainability practices that are increasingly influencing business strategies and decision-making.
7 April 2026
Switzerland Proposes New Sustainability Reporting, Due Diligence Law
The Swiss government has proposed a new law to strengthen sustainability reporting and due diligence requirements, aligning with EU standards such as the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD). The proposal applies to large companies and introduces stricter disclosure and supply chain risk management obligations. https://www.esgtoday.com/switzerland-proposes-new-sustainability-reporting-due-diligence-law/
9 April 2026
GHG Protocol Outlines Proposed Changes to Scope 3 Reporting Standard
The Greenhouse Gas (GHG) Protocol has proposed updates to its Scope 3 reporting standard to improve the accuracy and transparency of value chain emissions disclosures. The revisions aim to strengthen data quality, enhance reporting consistency, and provide clearer guidance for companies in measuring and managing indirect emissions across their supply chains. https://www.esgtoday.com/ghg-protocol-outlines-proposed-changes-to-scope-3-reporting-standard/
14 April 2026
EU and ISSB: A Last-Minute Shift That Could Redefine Global Sustainability Reporting
The European Union is reportedly considering a last-minute move to align more closely with the International Sustainability Standards Board (ISSB) framework as part of revisions to its sustainability reporting rules. The move could shift the EU closer to a financial materiality approach, while maintaining elements of its existing double materiality framework. https://busenq.com/eu-and-issb-a-last-minute-shift-that-could-redefine-global-sustainability-reporting/
14 April 2026
Govt reviewing carbon tax implementation amid geopolitical pressures
The government is reviewing the implementation of a proposed carbon tax in light of ongoing geopolitical and economic uncertainties. The review aims to balance climate policy objectives with the need to maintain economic stability and competitiveness, particularly for trade-exposed industries. https://www.thestar.com.my/business/business-news/2026/04/14/govt-reviewing-carbon-tax-implementation-amid-geopolitical-pressures
15 April 2026
Malaysia clears National Carbon Market Policy, Climate Change Bill to be tabled by June or July
Malaysia’s Cabinet has approved the National Carbon Market Policy, paving the way for a Climate Change Bill to be tabled by mid-year. The policy establishes a framework for carbon trading and emissions management, supporting the development of a national carbon pricing system and advancing the country’s transition toward a low-carbon economy. https://thesun.my/business/malaysia-clears-national-carbon-market-policy-sets-stage-for-climate-law-by-mid-year/
21 April 2026
Tenaga Nasional Transforming Finance Function IntoTalent Development Driver – CFO
Tenaga Nasional Bhd (TNB) is reshaping its finance division into a strategic platform for talent development, moving beyond traditional financial roles to nurture leadership capabilities and future-ready skills. The initiative emphasises upskilling, cross-functional exposure and digital adoption, positioning finance professionals as key contributors to business strategy and organisational growth. This transformation aligns with TNB’s broader agenda to build a resilient, agile workforce capable of supporting its long-term energy transition goals. https://www.nst.com.my/business/corporate/2026/04/1422598/tnb-transforming-finance-function-talent-development-driver-cfo
30 April 2026
Consultative Document on the Proposed Amendments to the Companies ACT 2026 [ ACT 777] on Sustainability Reporting
The Companies Commission of Malaysia (SSM) has proposed amendments to the Companies Act 2016 to introduce a sustainability reporting framework, strengthening corporate transparency and accountability. The initiative adopts a phased approach beginning with climate-related disclosures before expanding to broader ESG reporting aligned with international standards while enhances directors’ accountability with clear timelines and assurance requirements. https://www.ssm.com.my/Pages/Legal_Framework/Document/[ENG]20260422_External%20ESG%20Framework_Consultative%20Document_BI.pdf
As ESG expectations continue to evolve globally, accountancy professionals are increasingly expected to play a strategic role in supporting sustainable business practices, strengthening corporate transparency, and enhancing stakeholder confidence. Staying informed on the latest sustainability developments is therefore essential for professionals and organisations seeking to remain resilient and competitive in a rapidly changing business environment.
MIA encourages accountancy professionals, businesses, and stakeholders to continuously enhance their sustainability knowledge and competencies while embracing responsible and ethical business practices. Through collective commitment and continuous learning, the profession can contribute meaningfully towards driving sustainable growth, long-term value creation, and a resilient future for businesses and society.
