SGX Sustainability Indices launched

The SGX Sustainability Indices aim to provide an avenue for investors to assess the sustainability practices of SGX-listed companies, and identify environmental, social and governance (ESG) leaders in Singapore.
Channel NewsAsia 30 May 16;

SINGAPORE: The Singapore Exchange (SGX) on Monday (May 30) announced the launch of the SGX Sustainability Indices, which aim to provide an avenue for investors to assess the sustainability practices of SGX-listed companies, and identify environmental, social and governance (ESG) leaders in Singapore.

In a media release, SGX said the SGX Sustainability Indices are composed of SGX-listed stocks introduced by SGX Index Edge, while SGX partner Sustainalytics provided the ESG research and ratings for SGX-listed companies which underpin the Indices.

"In addition to meeting the necessary ESG requirements, companies must also meet (the) minimum liquidity requirement in order to qualify for inclusion," SGX said in the media release.

SGX added that the introduction of the SGX Sustainability Index suite complements the bourse's efforts to enhance disclosure and access to sustainability information, including the introduction of sustainability reporting for listed companies on a "comply or explain" basis.

In January 2016, SGX sought public feedback on proposed rules and a guide for sustainability reporting.

- CNA/dl