Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”), together with the UN Global Compact Network Malaysia & Brunei (“UNGCMYB”) today announced they have a developed a joint Corporate Sustainability Practitioner (CSP) Competency Framework. The CSP Competency Framework will serve to support credentials building of practitioners and professionals involved in Malaysia’s corporate sustainability space.
In addition to the framework, Bursa Malaysia and UNGCMYB have created a digital self-assessment tool that can recommend reading materials to practitioners to assist them in developing individual capacity and capability in order to better carry out the sustainability-related functions.
“As public awareness on the sustainable development agenda continue to grow, sustainability considerations are fast becoming key considerations in doing business,” said Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia. “We hope our newly developed competency framework and digital self-assessment tool can serve as a common language on the key competencies expected for such roles within an organisation. This will further support continuous upskilling of sustainability practitioners.”
The CSP Competency Framework communicates the various competencies and capabilities across the areas of knowledge, skills, and beliefs. These are mapped against three (3) levels of sustainability-related positions, which are the Chief Sustainability Officer, the Sustainability Manager, and the Sustainability Executive.
The identified competencies and sub-competencies are applicable to businesses of all industries, business models, and sizes. It also includes widely accepted practices and initiatives to assist practitioners in developing sustainability strategies, management programmes, as well as approaches to sustainability reporting.
Faroze Nadar, Executive Director of UNGCMYB said, “The CSP Competency Framework and digital self-assessment tool are designed to support the professionalising of competent sustainability practitioners, enabling them to be key actors to drive and support the transition of sustainable businesses. With the rising demand of sustainable trades, upskilled sustainability practitioners will enable both their organisation and country to be both competitive and resilient in a green economy.”
The CSP Competency Framework and digital self-assessment tool is available on the Exchange’s BURSASUSTAIN portal at https://bursasustain.bursamalaysia.com/competency-framework.