Bursa Malaysia Berhad together with the Indonesia Stock Exchange (IDX) and the Stock Exchange of Thailand has committed to exploring 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.
As part of the scope of collaboration outlined in the MoU, the three Exchanges will explore a range of initiatives, including identifying critical components of the ESG infrastructure to support companies in pursuing decarbonisation and sustainability across their supply chains.
- Establishing a “sandbox” environment designed to facilitate trade and create new business opportunities for corporations and their supply chains, including small and medium enterprises. Leveraging expertise in ESG practices through workshops, training sessions, and knowledge-sharing programmes to support enhancement of the ESG ecosystem.
