NEW YORK: Malaysian state-owned energy company Petroliam Nasional Bhd or Petronas and Indonesian counterpart Pertamina are on a watchlist for removal from JPMorgan’s ESG EMBI index, the bank said in a statement.
JPMorgan said both oil majors “are expected to exit the JESG suite at the June month-end rebalance” as their scores fell below a required threshold and they are no longer eligible for inclusion. The bank uses outside firms to assess the ESG score required for inclusion. ― Reuters
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