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Thursday, 22 Jul 2021 09:45 AM MYT
An investor monitors the stock prices in the gallery of the RHB Investment Bank Bhd headquarters in Kuala Lumpur March 17, 2020. ― Picture by Hari Anggara
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KUALA LUMPUR, July 22 Bursa Malaysia opened higher this morning, in line with the Wall Street’s better overnight performance.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.21 points to 1,520.73 from Wednesday’s close of 1,516.52.
The index opened 2.48 points higher at 1,519.0.
Gainers outpaced losers at 233 versus 111, while 236 counters were unchanged, 1,664 untraded and 26 others suspended.
Turnover stood at 293.24 million units worth RM118.68 million.
A fund manager said the Covid-19 pandemic had increased the importance and role of ESG compliance.
PETALING JAYA: As environmental, social and governance (ESG) compliance becomes more mainstream, and even a benchmark for investors today, corporations are increasingly faced with the arduous task of meeting challenging reporting demands.
An analyst noted that ESG metrics such as waste, energy and carbon can be challenging to quantify and report.
“It’s difficult because there isn’t one global standard and even if there were, it’s constantly changing and evolving,” he said.
Deloitte, in a paper titled “ESG Risks: The Reporting Challenge”, said changes in investors’ and society’s expectations have translated into a growing demand for better corporate reporting that responds to the need to understand broader risks and business impacts.
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Footage of panicked factory workers running has been viewed thousands of times in Facebook, Instagram and YouTube posts that claim it shows employees at Malaysia s Top Glove the world s largest glove manufacturer fleeing a police raid after being banned from operating under Covid-19 lockdown rules. But the claim is false. The video has circulated online since 2019, months before Malaysia reported its first Covid-19 cases. It actually shows workers at a chicken processing factory running away from an ammonia gas leak.
The video was shared on July 8, 2021, on YouTube here, where it has been viewed more than 200 times.
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