SINGAPORE - Singapore Exchange (SGX) announced a new suites of equity indices - called SGX Sustainability Indices - by its index business on Monday (May 30).
The four new indices include the flagship SGX Sustainability Leaders Index, comprising listed firms that are considered to be clear frontrunners in environmental, social and governance standards when compared with their peers.
The 24 firms on the leaders index include Singapore Airlines and Singapore Press Holdings.
The suite complements SGX's existing efforts to enhance disclosure and access to sustainability information, including the introduction of sustainability reporting for listed companies on a "comply or explain" basis.
Mr David Smith, head of corporate governance at Aberdeen Asset Management said: "Aberdeen fully supports the integration of environmental, social and governance into the investment process.
"As long-term investors we firmly believe in the need to consider and fully understand all risks, rather than narrowly defined financial risks, that relate to a company's long term success."