Business

FTSE4Good Index welcomes 6 constituents, removes 4

Heineken, Mah Sing, Pos Malaysia among additions, while Top Glove one of those out

Updated 5 years ago · Published on 14 Jun 2021 6:10PM

FTSE4Good Index welcomes 6 constituents, removes 4
The F4GBM Index measures the performance of public-listed companies that demonstrate strong environmental, social and governance practices. – File pic, June 14, 2021

KUALA LUMPUR – Bursa Malaysia Bhd has announced six additions to and four deletions from the FTSE4Good Bursa Malaysia (F4GBM) Index, bringing total constituents to 76 (up 217%) for the latest review period this month.

The inclusions are DKSH Holdings (M), Heineken Malaysia, Mah Sing Group, MNRB Holdings, Pos Malaysia and Unisem (M), while the exclusions are George Kent (M), IOI Properties Group, KLCC PROP & REITS – Stapled Sec and Top Glove Corp Bhd, said the bourse in a statement today.

“All constituent changes take effect at the start of business on Monday, June 21, 2021.”

It said the F4GBM Index measures the performance of public-listed companies (PLCs) that demonstrate strong environmental, social and governance (ESG) practices.

The index was launched in December 2014 with a total of 24 constituents, and the number grew to 75 (up 213%) as of the last review in December 2020.

“The number of constituents as of February 2021 was 74 due to the delisting of Chemical Company of Malaysia Bhd,” said the statement.

“F4GBM Index constituents are drawn from the companies on the FTSE Bursa Malaysia Emas Index, comprising PLCs from across the small, medium and large market capitalisation segments.”

The index is reviewed in June and December against international benchmarks, it added.

“Bursa Malaysia and FTSE Russell have been conducting outreach programmes to encourage and support companies in improving their ESG disclosures and practices.

“The continuous increase in the number of constituents reflects the benefits of these programmes, in addition to other efforts catalysing PLCs towards ESG best practices.” – Bernama, June 14, 2021

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