WASCO INCLUDED IN FTSE4GOOD AND F4GBMS INDICES, UNDERSCORING ESG COMMITMENT

KUALA LUMPUR, June 14 (Bernama) -- Energy solutions provider Wasco Bhd has been included in the FTSE4Good Bursa Malaysia (FTSE4GBM) and FTSE4Good Bursa Malaysia Syariah (F4GBMS) indices. 

The company said this will attract investors focused on environmental, social, and governance (ESG), potentially leading to increased investment and better access to capital.

Its managing director and group chief executive officer Gian Carlo Maccagno said the inclusion in the indices is “a testament to the company’s ESG efforts, offering investors better visibility into its work.”

bootstrap slideshow

“We are proud of what we have achieved so far and are committed to achieving carbon neutrality in our operations by 2026,” he said in a statement today.

Wasco said the achievement provides a benchmark for continuous improvement in ESG performance, encouraging companies to uphold high standards.

Moving forward, the company remains steadfast in its commitment to achieving its ambitious Net Zero 2026 target, creating long term value for its stakeholders, and contributing positively to the environment and society. “The inclusion in these indices is not just a feather in Wasco’s cap but a testament to its ongoing commitment to creating positive impacts within the organisation and the broader communities it serves,” it said.

bootstrap slideshow

The company said its inclusion in the F4GBMS index was in accordance with the Shariah Advisory Council (SAC) screening methodology.

It added that both indices are reviewed semi-annually in June and December, set against international criteria.

“For the latest review period of June 2024, the 12 additions to the F4GBM Index will bring the total number of constituents to 120, and represents a 400 per cent increase since the index’s inception in December 2014 with only 24 constituents,” it said. 

-- BERNAMA