Bursa Malaysia to launch sustainability index next year

Posted on May 5, 2011. Filed under: Environmental Economics |

Bernama-

KUALA LUMPUR: Bursa Malaysia Bhd expects to launch a sustainability index next year to further promote the sustainability agenda for corporate Malaysia, its chief regulatory officer Selvarany Rasiah said.

She said the exchange was currently working on the details of the index and expected to announce it sometime this year.

“The index will have all the companies that meet the screening criteria.

“The criteria will comprise environment, social and corporate governance,” Selvarany said at the Corporate Directors Conference 2011 here yesterday.

Presenting a paper on Sustainability Agenda for Corporate Malaysia, she also said that the index will be a catalyst for driving more Socially Responsible Investment (SRI) funds into Malaysia.Selvarany said Bursa Malaysia unveiled its business sustainability programme last year to drive higher integration of sustainable practices amongst Malaysian listed companies.

She said sustainability was one of three pillars in the New Economic Model and that it was very important for local companies to integrate sustainability elements into their business strategies.

Most Malaysian companies have and are performing some level of sustainability activity, whether through meeting compliance requirements, volunteering for relief efforts and donating money, she said.

However, there is still a lot of room for Malaysian companies to improve their sustainability practices, she added

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