Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) today signed the Sustainable Stock Exchanges’ (“SSE”) voluntary commitment to promote sustainability performance and transparency in Capital Markets. The support for SSE’s sustainability initiative underscores the national Exchange’s commitment to remain one of the world’s most competitive markets by integrating global best practices in the local marketplace.
Speaking at the SSE Regional Dialogue for South East Asia in Bangkok today, Dato’ Tajuddin Atan, Chief Executive Officer of Bursa Malaysia shared the Exchange’s experience in promoting sustainability amongst its listed constituents and the translation of policy into practical action.
He said, “Bursa Malaysia is pleased to join the other global exchanges on the SSE platform as a Partner Exchange. This integrates well with our existing agenda and commitment to stepping up our efforts in promoting sustainable practices in our marketplace. The conversation on sustainability started almost a decade ago with the introduction of the Bursa Malaysia Corporate Responsibility framework in 2006, leading on to the introduction of ASEAN’s first globally benchmarked Environment, Social & Governance index (“ESG Index”), the FTSE4Good Bursa Malaysia ESG Index (F4GBM index) in December last year.
The F4GBM index will be the reference point and benchmark that companies can aspire to in efforts to step-up the standards in stakeholder value creation and allow for investors to take into consideration non-financial aspects such as a company’s environmental and societal initiatives. Our joining as SSE Partner Exchange also complements our ongoing efforts in promoting sustainable practices which includes mandatory reporting, issuances of guides, advocacy and training. We look forward to participating in the SSE initiative as a global forum for sharing best practices on sustainability and capital markets.”
By joining SSE, Bursa Malaysia could leverage this global platform to engage in a more active manner with other Partner Exchanges, investors, regulators, policy makers to shape the sustainability agenda for capital markets through sharing of best practices and lessons learned in promoting sustainable markets. For more information on SSE, please visit http://www.sseinitiative.org/
