31 May '16, 7am

Singapore Exchange launches its first Sustainability Index

Singapore Exchange launches its first Sustainability Index

The Singapore Exchange (SGX) on Monday announced its first ever set of equity indices focused on sustainability, underscoring the growing importance of environment, social and governance (ESG) issues in a region that has been lagging behind its global counterparts. The SGX Sustainability Indices, composed of SGX-listed stocks, identify listed companies that meet sustainability reporting requirements and are considered sustainability leaders with established and leading ESG practices. Sustainability performance, broadly measured by ESG indicators, has in recent years become a mainstream business issue as consumers worldwide demand increased transparency from businesses and issues such as climate change pose a growing risk to operations. SGX chief executive officer Loh Boon Chye observed in a statement that investors across the globe are placing increasing importance on ESG,...

Full article: http://www.eco-business.com/news/singapore-exchange-launc...

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