Wilmar International has been included in the Dow Jones Sustainability Indices (DJSI) under the Asia Pacific Index for the Food, Beverage and Tobacco industry grouping on Nov 16.
The group achieved 61 points compared to the average score of 30 points in the same category. It also scored above the 90th percentile for indicators related to raw material sourcing, human rights, labour practices, strategies for emerging markets, customer relationship management as well as risk and crisis management.
DJSI, which was launched in 1999, tracks the largest and leading sustainability-driven publicly listed companies and is a prominent global resource for investors.
The DJSI Asia Pacific Index was launched in 2009 and evaluates 600 of the largest companies in key Asia Pacific markets. The Index also recognises the top 20% based on environmental, social and governance (ESG) indicators.
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“As a leading vertically integrated agriculture and food products company, we shoulder the responsibility of driving the transformation of our industry to be more sustainable. However, we must first demonstrate how we have embraced sustainability. Thus, we are honoured to be acknowledged by the Dow Jones Sustainability Asia Pacific Index for our milestones and efforts to fulfil our sustainability commitments,” says Jeremy Goon, chief sustainability officer for Wilmar.
“It has been a challenging year, riddled with unprecedented obstacles. Despite these circumstances, we ensured that our sustainability commitments remain our priority. Hence, to be recognised by various established platforms, including the Dow Jones Sustainability Index, is a significant milestone for us. It also assures us that we continue to progress in the right direction in relation to our sustainability commitments and efforts”, he adds.
Shares in Wilmar closed 3 cents higher or 0.7% up at $4.30 on Nov 16.
