BRITISH American Tobacco Malaysia Bhd is once again accorded the highest grading band of four 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% among 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 motto to build A Better Tomorrow which has sustainability in the front and centre of everything that we do,” commented BAT Malaysia’s managing director Nedal Salem.
“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.”
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, non-governmental organisations (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.
At the close of yesterday’s (Jan 5) trading, BAT Malaysia was down 8 sen or 0.56% to RM14.10 with 71,700 shares traded, thus valuing the company at RM4.03 bil. – Jan 6, 2022
