Bursa Malaysia inks MoU with HSBC Amanah

Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift

KUALA LUMPUR: Bursa Malaysia Bhd and HSBC Amanah Malaysia Bhd has entered into a memorandum of understanding (MoU) to collaborate on an initiative aimed at improving Malaysian public listed companies’ (PLCs) environmental, social and governance (ESG) adoption practices.

In a statement today, the exchange said under this MoU, Bursa Malaysia would collaborate with HSBC Amanah in developing sustainability-linked Islamic financial products as well as ESG solutions aligned to the FTSE4Good ratings model and datasets for eligible PLCs.

It said PLCs in the FTSE Bursa Malaysia EMAS index, which made up the FTSE4Good ESG assessment universe, would have the opportunity to tap into HSBC Amanah’s Shariah-compliant ESG offerings while enabling them to accelerate their ESG adoption.

"This would help improve their ESG ratings for inclusion into the FTSE4Good Bursa Malaysia Index, the Malaysian capital market’s leading ESG index,” it said.