Responsible finance: #Malaysia leads the way with new guidelines

The Securities Commission Malaysia recently issued its 'Guidelines on Sustainable and Responsible Investment (SRI) Funds' to promote the growth of such funds in Malaysia. Often termed as ethical investments, SRI investments not only provide benefits to society, but also encourage corporate practices that embrace environmental stewardship, consumer protection, human rights and diversity. The new guidelines, which enable market funds to be designated as SRI funds, will widen the range of SRI products. According to the new guidelines, the policies and strategies of SRI funds must adopt one or more sustainability considerations such as the UN Global Compact Principles, the Sustainable Development Goals and other environmental, social or governance factors. The Guidelines also introduce additional disclosure and reporting requirements to encourage more transparency.

Principles for Responsible Investment launches #ESG integration guide

The Principles for Responsible Investment (PRI) announced the launch of the publication Investment Policy: Process & Practice: Asset Owner’s Guide to Complete ESG Incorporation. The new guide is aimed to help asset owners—public and corporate pension funds, superannuation funds, insurance companies, endowments, foundations, family wealth offices—in revising their investment policy and incorporate ESG considerations. The publication explains why individual asset owners should take action, how asset owners can give real substance to their commitments and presents examples from asset owners who achieved value through responsible investing. According to senior manager Don Gerritsen, this guide answers the key questions about how asset owners can integrate ESG into the investment policy.

Leading Shari’ah-compliant responsible investment firm announces support to Responsible Finance Summit

Hosted by Bank Negara Malaysia, organised by the RFI Foundation and co-organised by Middle East Global Advisors, the Responsible Finance Summit will take place on 30-31 March at Sasana Kijang, a center for knowledge and learning excellence established by Bank Negara Malaysia. The Summit has announced the support of SEDCO Capital, the Saudi firm that manages assets across a diversified spectrum of investments in real estate, equities and other businesses with a total AUM of $3.9 billion. The Summit will host a discussion between leaders in the Islamic finance and responsible investment to identify how to fully realise the emerging market responsible finance opportunity.

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