Carbon GPT joins forces with the Malaysian Stock Exchange and leading businesses, forming collaborative agreements
In an exciting development, Carbon GPT, a cutting-edge AI-powered reporting tool, has partnered with Bursa Malaysia, the Malaysian Stock Exchange, to streamline sustainability and climate disclosures for Public Listed Companies (PLCs) in the country.
The collaboration aims to simplify the reporting process for PLCs, enabling them to focus more on implementing sustainable practices rather than just reporting on them. By leveraging Carbon GPT's AI-powered reporting tool, which is officially partnered with Bursa Malaysia’s Climate Sustainability Index (CSI) Platform, the partnership promises to bring about significant changes in the way sustainability reports are produced.
One of the key benefits of this partnership is faster IFRS S1/S2 Compliance. The AI tool is designed to reduce the time required for sustainability reporting by up to 70%, helping PLCs meet the International Financial Reporting Standards (IFRS) Sustainability Standards S1 and S2 more efficiently.
The partnership also facilitates automated data integration and analysis. PLCs can seamlessly integrate their sustainability data with Bursa Malaysia’s CSI Platform. The AI system collects, analyses, and processes data from various formats, ensuring accuracy and alignment with regulatory requirements.
Moreover, the AI provides detailed gap analyses, readiness scores, and actionable recommendations. This feature assists companies in identifying areas for improvement in their disclosures according to Bursa Malaysia’s standards and IFRS requirements.
The partnership also ensures compliance assurance by automating complex sustainability reporting tasks, reducing human error, and enhancing compliance readiness for Bursa Malaysia's mandatory CSI Platform requirements.
In summary, the Carbon GPT - Bursa Malaysia partnership offers an AI-driven, automated, and compliance-focused solution tailored to PLCs. This solution enables them to produce timely, accurate, and regulatory-aligned sustainability and climate disclosures with significantly reduced manual effort.
This partnership also eases adherence to comprehensive disclosure requirements, provides precise gap analyses, prioritizes key reporting areas, improves ESG rating alignment, and helps PLCs establish sound reporting practices.
Carbon GPT, co-founded by Dr. Matthew Wong and Dr. Ivan Ling, is now supporting a large number of companies of all sizes, including the top 100 companies listed on the Exchange. To further support small to mid-sized or newly listed companies, Bursa Malaysia is collaborating with Alliance Bank to offer Carbon GPT's services for free to eligible PLCs.
The University of Southampton, where Dr. Ivan Ling serves as a Lecturer at the School of Electronics and Computer Science, offers support to researchers or students who want to create a startup at any stage of the process. Dr. Alice Iles, Head of Tech Acceleration at the University, expresses support for Carbon GPT, commending Dr. Ivan Ling's work during the most recent cohort.
The AI-Sustainability Reporting tool by Carbon GPT simplifies the ESG reporting process, making it streamlined and efficient. The tool uses the data businesses already have to generate fast, auditable carbon emission reports at a lower cost, using less resource, and taking less time.
Bursa Malaysia reaffirms its commitment to strengthening sustainability disclosures among PLCs by designating the CSI Platform as the Exchange’s reporting channel. The CSI Platform is integrated with AI-powered services to help companies produce structured sustainability reports.
Interested researchers or students can book an informal call or meeting with the team to start the conversation about their startup idea. With the help of Carbon GPT, businesses can now tackle their sustainability reporting problems effectively, acting as a virtual Chief Sustainability Officer.
- The partnership between Carbon GPT and Bursa Malaysia, facilitated by the AI-powered reporting tool's integration with Bursa Malaysia’s Climate Sustainability Index (CSI) Platform, promises to make sustainability reporting more efficient for Public Listed Companies (PLCs), allowing them to meet the International Financial Reporting Standards (IFRS) Sustainability Standards S1 and S2 more quickly.
- The assistance offered by Carbon GPT to researchers or students who wish to create a startup at any stage, alongside the University of Southampton's support for these endeavors, demonstrates the potential of artificial-intelligence in various sectors, including sustainability and research.
- As part of its commitment to enhancing sustainability disclosures among PLCs, Bursa Malaysia has designated the CSI Platform as the Exchange’s reporting channel, which is integrated with AI-powered services to help companies produce structured sustainability reports, thereby simplifying the process and promoting transparency in the field of artificial-intelligence and finance.
