BANK Islam Malaysia Bhd’s unit, BIMB Investment Management Bhd, has signed the United Nations-supported Principles for Responsible Investment (UNPRI) to incorporate environmental, social and governance (ESG) factors into investment decisions. In a statement yesterday, BIMB Investment said it is the only bank-backed Islamic asset manager in Malaysia and South-East Asia to be a signatory to the responsible investment initiative, together with 23 other leading investment managers in the region. BIMB Investment CEO, Najmuddin Mohd Lutfi, said the company has integrated more than 250 ESG metrics into its investment processes since 2015 for better investment decisions. Najmuddin said the investment products are available at all major financial institutions in the country, including more than 145 Bank Islam branches nationwide, the Fundsupermart online portal and BIMB Investment consultants. Currently, BIMB Investment manages over RM1 billion of ESG assets, while its Global Shariah ESG Equity Fund is Malaysia’s largest global ESG equity fund with a fund size of more than RM930 million and the best performing fund in its class for three years.

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The Malaysian Reserve