KUALA LUMPUR (Sept 18): Sime Darby Property Bhd (Sime Prop) has been recognised as an index component of the Dow Jones Sustainability Indices (DJSI), after obtaining a good sustainability score that qualified it as an index constituent in the Dow Jones Sustainability Emerging Markets Index.
In a statement today, Sime Prop said the recognition was announced by S&P Dow Jones Indices and RobecoSAM AG, the investment specialist focusing on sustainability investing.
The Dow Jones Sustainability Emerging Markets Index comprises emerging-market sustainability leaders, as identified by RobecoSAM, which represents the top 10% of the largest 800 companies in 20 emerging markets, based on long-term economic, environmental and social criteria.
Sime Prop said it was the only real estate industry player from Malaysia to be included in the index, alongside other property players from the Philippines, Thailand, South Africa and Chile.
Its group managing director Datuk Seri Amrin Awaluddin said the recognition proves its commitment over the years to sustainability by embedding such practices in it business value chain.
“This is a truly great honour for the Sime Prop team. It is an important milestone in our sustainability journey and we could not have achieved this without the support of our employees and stakeholders,” Amrin added.
Sime Darby said sustainability is an important agenda for the group. He added its initial focus on operational efficiency was strengthened by corporate social responsibility efforts and has been expanded to embed sustainability into its business practices.
“As a developer of large scale developments and townships, Sime Prop delivers impactful townships that last for generations, while minimising any negative impact on the environment.
“Our business practices and management approaches also promote the 10 principles of the United Nations Global Compact that include human rights, labour, environment and anti-corruption,” Amrin added.
RobecoSAM environment, social and governance ratings head Manjit Jus said companies that compete for a place in the DJSI, challenge themselves to continuously improve their sustainability practices.
“We are pleased to see that the number of companies that commit to achieving measurable positive, impacts continues to rise,” he said.
The DJSI, created by S&P Dow Jones Indices and RobecoSAM, combines the experience of an established index provider with the expertise of a sustainability specialist in sustainability investing, to select the most sustainable companies from 60 industries.
The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios, and provide an effective engagement platform for investors who wish to encourage companies to improve their corporate sustainability practices.
At 10.47am, Sime Prop dipped one sen or 0.84% to RM1.18, with 483,300 shares done, for a market capitalisation of RM8.16 billion.