Companies that ignore ESG considerations will be deprived of equity, debt financing, warns Bursa chairman | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 86%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Companies that ignore ESG considerations will be deprived of equity, debt financing, warns Bursa chairman

KUALA LUMPUR, Feb 17 — Companies that choose to ignore sustainability/environmental, social and governance considerations in their business will not be sustainable as they will be deprived of both equity and debt financing to fund their projects.

The summit was jointly organised by The Economic Club of Kuala Lumpur and the KSI Strategic Institute for Asia Pacific. He added that Bursa Malaysia has also started collaborating with the Ministry of Environment and Water and the Ministry of Finance to create a voluntary carbon market. In 2014, Bursa Malaysia introduced the FTSE4Good Bursa Malaysia Index to recognise public-listed companies that have taken steps to improve their ESG practices and disclosures.

“Apart from introducing ESG-related indices, Bursa Malaysia has also played a pioneering role in compelling PLCs to adopt good ESG practices and disclosures.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PM Johnson: UK could stop Russian companies raising money in London | Malay MailLONDON, Feb 15 — Britain could block Russian companies from raising capital in London and expose property and company ownership in London and elsewhere if Russia invades Ukraine, Prime Minister Boris Johnson said today. Britain, the United States, the European Union and other allies have warned...
Source: malaymail - 🏆 1. / 86 Read more »