Wilmar International has been added to the FTSE4Good Developed Index and the FTSE4Good Asean 5 Index with effect from June 21.
This follows the group’s addition to the Dow Jones Sustainability Indices (DJSI) in November 2020, under the Asia Pacific Index for the Food, Beverage and Tobacco industry grouping.
The FTSE4Good Index Series is one of the world’s first global environmental, social and governance (ESG) index families.
It is designed to measure the performance of companies demonstrating strong ESG practices.
The selection criteria for the index are designed to reflect strong ESG risk management practices, which means only companies that demonstrate strong management of ESG risks are included.
Some indicators of the ESG criteria include climate change, supply chain, health and safety, labour standards, corporate governance and risk management.
The constituents for the FTSE4Good Asean 5 Index are selected and screened according to transparent and defined ESG criteria.
The index identifies companies with recognised corporate responsibility practices listed on the leading Asean financial markets such as Singapore Exchange (SGX), Bursa Malaysia and The Stock Exchange of Thailand.
“We are very honoured and encouraged by the global recognition of our ESG efforts from FTSE Russell. Every team member at Wilmar works hard to ensure that our sustainability values are embraced and embedded in every aspect of our business operations. This is an affirmation that our sustainability efforts have made a positive impact,” says Jeremy Goon, chief sustainability officer at Wilmar.
“We are also cognizant of the increasing attention and scrutiny from investors and the financial community on the way businesses are conducted, and we will continue to set the bar high for ourselves to further strengthen our ESG performance,” Goon adds.
Shares in Wilmar closed 1 cent higher or 0.2% up at $4.79 on June 10.
