British American Tobacco Malaysia Berhad (BAT Malaysia) is once again accorded the highest grading band of 4-stars following the release of Bursa Malaysia’s ESG (Environmental, Social and Governance) ratings of public-listed companies that is assessed by FTSE Russell.
The four stars represent companies that are in the top 25% amongst Malaysian public listed companies by virtue of their ESG performance.
“Securing this 4-star rating reflects our unrelenting commitment to uphold high standards of ESG practice. Our ESG efforts supports our purpose to build A Better Tomorrow™, which has sustainability in the front and centre of everything that we do,” said Nedal Salem, Managing Director, BAT Malaysia.
“As we move into 2022, we will continue working towards reducing the health impact of our business while championing environmental, social and governance excellence. We believe this will drive the Company’s long-term business sustainability and create shared value for consumers, society, employees and our shareholders,” Nedal added.
The Bursa Malaysia FTSE Russell ratings measures the overall quality of a company’s management of ESG issues. Its ESG data model is overseen by an independent external committee comprising experts from the investment community, business, NGOs, unions and academia and supports alignment with the United Nations’ Sustainable Development Goals.
FTSE Russell is a leading global index provider creating and managing a wide range of indexes, data and analytic solutions. Covering 98% of the investable market, FTSE Russell indexes offer a true picture of global markets.