Stock exchanges in Malaysia, Indonesia, Thailand, and Singapore are collaborating on the Asean-interconnected sustainability ecosystem (Asean-ISE) to enhance regional sustainable development. The initiative, formalised recently, aims to integrate common ESG metrics into their respective data infrastructures. Bursa Malaysia will serve as the secretariat. Its objectives include creating an integrated ESG ecosystem, facilitating cross-border trade flows, and empowering participating stock exchanges to assist ESG-compliant corporates. Implementation details will be finalised at the 37th Asean Exchanges CEOs Meeting in July 2024.

Source: The Star