PETALING JAYA: Bursa Malaysia and HSBC Amanah Malaysia Bhd have 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 practises.

       In a statement yesterday, the exchange said the MoU will see Bursa Malaysia collaborating with HSBC Amanah to develop sustainability-linked Islamic financial products, as well as ESG solutions aligned to the FTSE4Good ratings model and datasets for eligible PLCs.

       “This would help improve their ESG ratings for inclusion into the FTSE4Good Bursa Malaysia Index,” it said. — Bernama