- 8 new inclusions and 7 deletions from the FTSE4Good Bursa Malaysia Index
- 6 new inclusions and 7 deletions from the FTSE4Good Bursa Malaysia Shariah Index
Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) today announced 8 new additions to the constituents of the FTSE4Good Bursa Malaysia (“F4GBM”) Index and 6 new additions to the constituents of the FTSE4Good Bursa Malaysia Shariah (“F4GBMS”) Index.
The F4GBM Index, which was launched in December 2014 with 24 constituents, measures the performance of public listed companies (“PLCs”) that demonstrate strong Environmental, Social and Governance (“ESG”) practices. The F4GBM Index constituents are drawn from the companies of the FTSE Bursa Malaysia EMAS Index, comprising PLCs from across the small, medium and large market capitalisation segments.
Meanwhile, the F4GBMS Index that was launched in July 2021 with 54 constituents, is designed to track constituents in the F4GBM that are Shariah-compliant in accordance with the Shariah Advisory Council (“SAC”) screening methodology.
Both indices are reviewed semi-annually in June and December against international benchmarks. For the latest review period of June 2023, the F4GBM Index will see 8 additions and 7 deletions, bringing the total number of constituents to 98[1]. Separately, the F4GBMS Index will have 6 additions and 7 deletions, resulting in a total of 77 constituents. All constituent changes will take effect at the start of business on Monday, 19 June 2023.
The following are the changes to the F4GBM Index and F4GBMS Index for the June 2023 semi-annual review:
FTSE4Good Bursa Malaysia Index
Inclusions |
Reason |
|
1 |
BERJAYA CORP |
Meets the FTSE4Good criteria |
2 |
BERJAYA FOOD |
Meets the FTSE4Good criteria |
3 |
FM GLOBAL LOGISTICS HOLDINGS |
Meets the FTSE4Good criteria |
4 |
HEINEKEN MALAYSIA |
Meets the FTSE4Good criteria |
5 |
HEXTAR GLOBAL |
Meets the FTSE4Good criteria |
6 |
LAGENDA PROPERTIES |
Meets the FTSE4Good criteria |
7 |
TASCO |
Meets the FTSE4Good criteria |
8 |
UWC |
Meets the FTSE4Good criteria |
Exclusions |
Reason |
|
1 |
CJ CENTURY LOGISTICS HOLDINGS |
FBM EMAS deletion |
2 |
DKSH HOLDINGS (MALAYSIA) |
FBM EMAS deletion |
3 |
FGV HOLDINGS |
FBM EMAS deletion |
4 |
MEDIA CHINESE INTERNATIONAL |
FBM EMAS deletion |
5 |
SCGM |
FBM EMAS deletion |
6 |
SUNWAY REAL ESTATE INVESTMENT TRUST |
FBM EMAS deletion |
7 |
VITROX |
FBM EMAS deletion |
FTSE4Good Bursa Malaysia Shariah Index
Inclusions |
Reason |
|
1 |
BERJAYA FOOD |
Meets the FTSE4Good criteria and SAC Status |
2 |
FM GLOBAL LOGISTICS HOLDINGS |
Meets the FTSE4Good criteria and SAC Status |
3 |
HEXTAR GLOBAL |
Meets the FTSE4Good criteria and SAC Status |
4 |
LAGENDA PROPERTIES |
Meets the FTSE4Good criteria and SAC Status |
5 |
TASCO |
Meets the FTSE4Good criteria and SAC Status |
6 |
UWC |
Meets the FTSE4Good criteria and SAC Status |
Exclusions |
Reason |
|
1 |
CJ CENTURY LOGISTICS HOLDINGS |
FBM EMAS deletion |
2 |
DKSH HOLDINGS (MALAYSIA) |
FBM EMAS deletion |
3 |
FGV HOLDINGS |
FBM EMAS deletion |
4 |
MALAYSIA AIRPORTS |
No longer meets SAC Status |
5 |
MEDIA CHINESE INTERNATIONAL |
FBM EMAS deletion |
6 |
SCGM |
FBM EMAS deletion |
7 |
VITROX |
FBM EMAS deletion |
Note:
The F4GBMS Index comprises constituents of the F4GBM Index that are Shariah compliant according to the Securities Commission’s Shariah Advisory Council (SAC) screening methodology.
Bursa Malaysia and FTSE Russell have been conducting outreach programmes to encourage and support companies in improving their ESG disclosures and practices. Bursa Malaysia has also undertaken various collaborative efforts with other ESG ecosystem players, such as financial institutions and institutional investors, to further incentivise PLCs to advance their respective ESG journey. The continuous increase in the number of constituents reflects the effectiveness of these programmes, and stronger embodiment of ESG practices among the group of PLCs.
The updated FTSE4Good ESG ratings (bands) of PLCs, as assessed by FTSE Russell, will be available on the Bursa Malaysia website after 23 June 2023 via the following link: https://www.bursamalaysia.com/trade/our_products_services/indices/ftse4good-bursa-malaysia-f4gbm-index
[1] Pharmaniaga was deleted from the F4GBM Index in the March 2023 quarterly review, as per Ground Rule 4.1.8 of the FTSE Bursa Malaysia Index Series.