MIMB Investment has launched the world’s first environmental

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  • 08 Aug 2018
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BIMB Investment Targets RM150m for ESG Fund

BIMB Investment targets to reach a RM150 million fund size within a year for its newly launched BIMB ESG Sukuk Fund, the world’s first environmental, social and governance (ESG) sukuk fund. Chief Executive Officer Najmuddin Mohd Lutfi said the fund was the first to offer subscriptions in ringgit, US dollar and Singapore dollar. “Our target is to get both corporations and individuals into this fund at a 50:50 ration and expect most of the investments to be in ringgit,” he told a press conference after the fund’s launch. The sustainability analysis of each company the fund invests in would be made using UK-based Arabesque Asset Management Holding’s proprietary S-ray machine learning and big data technology screening system. The system is the first of its kind in the world to assess a company’s ESG score on a daily basis.

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