Bursa, CIMB ink deal to hasten ESG adoption

Bursa Malaysia Bhd chief executive officer Datuk Muhamad Umar Swift (left) with CIMB Group Holdings Bhd group chief executive officer Datuk Abdul Rahman Ahmad at a memorandum of understanding signing ceremony between Bursa Malaysia Bhd and CIMB Group Holdings Bhd on #financing4ESG, which is aimed at improving Malaysian public listed companies’ environmental and social governance practices.

PETALING JAYA: Bursa Malaysia Bhd and CIMB Group Holdings Bhd have entered into a memorandum of understanding (MoU) to accelerate the adoption of environmental, social and governance (ESG) practices among Malaysian public listed companies (PLCs) through the #financing4ESG initiative.

Under the MoU, CIMB will collaborate with Bursa Malaysia to offer sustainable finance offerings for Malaysian PLCs in alignment with the ratings model of the FTSE4Good Bursa Malaysia (F4GBM) index.