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Push from government-led ESG initiatives

Environmental, social and governance (ESG) investing in Malaysia took off in the early years after much encouragement by large funds such as the Employees Provident Fund (EPF) and Khazanah Nasional Bhd. ....

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Cover Story: ESG becoming mainstream

IN recent weeks, while the world’s largest glove maker Top Glove Corp Bhd grappled with a Covid-19 outbreak at its staff accommodations in Klang, which led to investigations by the authorities of the group’s operations in five other states, the investor relations (IR) official at another glove company received various enquiries from fund managers seeking assurances that it did not share the same workers’ problems.
Last week, the Ministry of Human Resources opened 19 investigation papers against six companies related to Top Glove for failure to apply for an accommodation certificate from the authorities, which led to the discovery of other offences, including crowded, uncomfortable accommodation and lack of proper ventilation. ....

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