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EPF formalising stewardship policy for investee companies

The Star Business LogoThe Star Business1w ago

EPF formalising stewardship policy for investee companies

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KUALA LUMPUR: The Employees Provident Fund (EPF) is currently formalising a stewardship policy to address investee companies that fail to comply with the environmental, social and corporate governance (ESG) standards, said chief strategy officer Nurhisham Hussein.

These initiatives are aligned with EPF’s commitment to two overarching sustainable investment ambitions that will guide its overall pursuit of sustainability, namely, to achieve a fully ESG-compliant portfolio by 2030 and a climate-neutral portfolio by 2050, in line with the 12th Malaysia Plan’s aspirations for a carbon-neutral country.

"At least the people will be able to understand the consequences and the channels that they can use to communicate with the EPF and other big investors on specific issues that need to be addressed,’’ he said.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: EPF Nurhisham Hussein Corporate News /Business/Business News ESG Stewardship Policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 16:45:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 2 minutes read

Article Length: 216 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 5657

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 17 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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