“Furthermore, we favour the banking sector as it is the single most important sector that can influence other sectors to abide by ESG best practices through lending requirements, ” Kenang Research said in a note yesterday.
PETALING JAYA: The increasing importance for sustainable investing will lead to better valuations for companies that comply with the Environmental, Social and Governance (ESG) agenda, according to Kenanga Research.
The research house, however, warned that companies that do not adhere to basic ESG reporting standards may risk losing key investors that place a high priority on ESG issues.
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