MISC Berhad’s strong performance across a variety of Environmental, Social and Governance (ESG) practices has once again secured its position in the FTSE4Good Bursa Malaysia Index.
On 22 December 2016, MISC was notified that it maintains its position as a constituent of the FTSE4Good Bursa Malaysia Index with an improved overall score, following their latest assessment of the company following the release of MISC Sustainability Report 2015 in June 2016. MISC subsidiary MHB is also a constituent of the FTSE4Good Bursa Malaysia Index and maintains its position based on the earlier June 2016 review.
In the latest assessment, MISC’s rating has improved further to 3.0 compared to 2.6 recorded in June 2016 and scored higher rating for all three ESG pillars compared to the previous assessment.
MISC first appeared in the FTSE4Good Bursa Malaysia Index for Malaysian Public Listed Companies when it was initially announced in 2014, with MHB also making it onto the index in 2015. Both have maintained their status on the list since, as a result of the Group’s commitment in adhering to good corporate responsibility practices. This recognition also highlights MISC Group’s position as a role model as well as our leading approach within the Malaysian market in managing our ESG risks.
FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that MISC and MHB have been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
MISC is honoured for this achievement and consistent improvement in our ratings which reflects our diligence in adhering to good ESG practices throughout the years. The alignment of our refreshed Vision and Mission Statement with the elements of sustainability further defined MISC’s commitment in striving to be consistently better by conducting our business in a responsible and sustainable manner, making a positive impact on our key stakeholders as well as creating optimum value in the long term.
Moving forward, our approach in managing sustainability within the Group shall be driven by our Sustainability Strategy that will act as the roadmap in guidance towards strengthening our position as a responsible corporate citizen. Further details on MISC Sustainability Strategy will be provided in due course.
Well done to those who have put in their efforts and contributed towards this significant accomplishment.
Created by the global index provider FTSE Russell, FTSE4Good is an equity index series that is designed to facilitate investment in companies that meet globally recognised corporate responsibility standards. Companies in the FTSE4Good Index Series have met stringent environmental, social and governance criteria, and are positioned to capitalise on the benefits of responsible business practice.
The FTSE4Good measures the performance of companies demonstrating good ESG practices and is aligned with other leading global ESG frameworks such as the Global Reporting Initiative (GRI) and the Carbon Disclosure Project.
The FTSE4Good Bursa Malaysia Index constituents are selected from the top 200 Malaysian stocks in the FTSE Bursa Malaysia EMAS Index, screened in accordance with transparent and defined Environmental, Social and Governance (ESG) criteria. The index has been designed to identify Malaysian companies with recognised corporate responsibility practices, expanding the range of the benchmarks of the FTSE Bursa Malaysia Index Series for the Malaysian Markets.
To view FTSE4Good Bursa Malaysia Index Constituents, please click here.