Bursa Malaysia Berhad (Bursa Malaysia) signed a Memorandum of Understanding (MoU) with Indonesia Stock Exchange (IDX) and the Stock Exchange of Thailand (SET) on the sidelines of the 36th ASEAN Exchanges CEOs Meeting. This MoU signifies the collective commitment of the three Exchanges to explore the establishment of an inter-regional Environmental, Social, and Governance (ESG) linked ecosystem that drives business value creation whilst fostering sustainable development across ASEAN.
The MoU marks a significant milestone in enhancing regional cooperation and advancing sustainability in ASEAN. It also signifies a commitment to greening supply chains, while recognising the potential to optimise the interconnectedness and comparability of ESG data within the region.
By combining expertise and resources, Bursa Malaysia, IDX, and SET aim to collaboratively spur the adoption of good ESG practices and drive responsible growth in their respective markets, while offering cross-border opportunities related to ESG investments across the three markets.
The collaboration aims to identify commonalities within the ASEAN ESG ecosystem to facilitate cross-border trade, broaden business opportunities, and advance sustainable financing for corporations of all sizes and their supply chains in the region.
As part of the scope of collaboration outlined in the MoU, the three Exchanges will explore a range of initiatives, including but not limited to:
The MoU was signed by Datuk Muhamad Umar Swift, Chief Executive Officer of…
