KUALA LUMPUR: Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) announced today the addition of 12 companies to the FTSE4Good Bursa Malaysia (“F4GBM”) Index and 9 companies to the FTSE4Good Bursa Malaysia Shariah (“F4GBMS”) Index.
The F4GBM Index evaluates the performance of public listed companies (PLCs) with good liquidity that demonstrate strong Environmental, Social, and Governance (ESG) practices. Constituents are selected from the FTSE Bursa Malaysia EMAS Index, encompassing small, medium, and large market capitalization segments. The F4GBMS Index, a subset of the F4GBM, tracks Shariah-compliant constituents according to the Shariah Advisory Council (SAC) screening methodology. Both indices undergo semi-annual reviews in June and December based on international criteria.
In the latest review period for June 2024, the F4GBM Index has increased its total number of constituents to 120 with the addition of 12 new companies, marking a 400% increase since its inception in December 2014, when it started with 24 constituents. The F4GBMS Index will see 9 additions and 1 deletion, bringing its total to 95 constituents. All changes will take effect on 24 June 2024 (Monday).
Details of the changes are as follows:
FTSE4Good Bursa Malaysia Index
Inclusions:
1. Bank Islam Malaysia – Now meets FTSE4Good criteria
2. Carimin Petroleum – Now meets FTSE4Good criteria
3. Harbour-Link Group – Now meets FTSE4Good criteria
4. Icon Offshore – Now meets FTSE4Good criteria
5. Pecca Group – Now meets FTSE4Good criteria
6. Petron Malaysia Refining & Marketing – Now meets FTSE4Good criteria
7. QL Resources – Now meets FTSE4Good criteria
8. Shangri-La Hotels (Malaysia) – Now meets FTSE4Good criteria
9. Sports Toto – Now meets FTSE4Good criteria
10. Sunway – Now meets FTSE4Good criteria
11. Wasco – Now meets FTSE4Good criteria
12. YTL Power International – Now meets FTSE4Good criteria
FTSE4Good Bursa Malaysia Shariah Index
Inclusions:
1. Bank Islam Malaysia – Meets FTSE4GBMS criteria
2. Carimin Petroleum – Meets FTSE4GBMS criteria
3. Icon Offshore – Meets FTSE4GBMS criteria
4. Pecca Group – Meets FTSE4GBMS criteria
5. Petron Malaysia Refining & Marketing – Meets FTSE4GBMS criteria
6. QL Resources – Meets FTSE4GBMS criteria
7. Shangri-La Hotels (Malaysia) – Meets FTSE4GBMS criteria
8. Sunway – Meets FTSE4GBMS criteria
9. Wasco – Meets FTSE4GBMS criteria
Exclusion:
1. Eco World International – Did not meet SAC criteria
Bursa Malaysia has been working with financial institutions and institutional investors to encourage PLCs to improve their ESG practices. The increasing number of index constituents reflects the success of these initiatives and the growing adoption of ESG practices by PLCs.
The updated lists of F4GBM Index and F4GBMS Index constituents, effective 24 June 2024, are detailed in Appendix 1. The ESG ratings (Grading Band) for both indices will be available on the Bursa Malaysia website after 24 June 2024 at the following link: Bursa Malaysia – FTSE4Good Bursa Malaysia Index
