The stock exchanges of Indonesia, Malaysia and Thailand plan to explore creating an inter-regional environmental, social and governance-linked ecosystem to bolster business value creation and foster sustainable development across Southeast Asia. The bourses describe the move as a “significant milestone in enhancing regional cooperation and advancing sustainability in Southeast Asia”. Their scope of collaboration includes identifying critical components of the ESG infrastructure to support companies in pursuing decarbonisation, establishing a ‘sandbox’ environment to facilitate trade and create new business opportunities, and leveraging expertise in ESG practices through workshops and training sessions. Bursa Efek Indonesia President Director Iman Rachman, the deal “reflects our shared vision of creating a sustainable future for our capital markets”.

Source: Asia Asset Management