ASEAN KEY DESTINATIONS
Indonesia launches eco-friendly index
The Indonesian stock exchange and a biodiversity foundation have launched an investment index to raise awareness of companies' environmental track records, Reuters quoted an environmental group as saying.
The SRI-KEHATI index, which lists 25 companies, is the second single-nation sustainability index in Asia after Japan, according to the Indonesian Biodiversity Foundation.
The sustainable and responsible investment (SRI) index, launched on Monday, includes a palm oil firm, three miners and two cement companies in Indonesia, which is widely considered the world's third-highest carbon emitter.
"The index is created as a parameter so investors can invest their funds in companies that show awareness of the environment and community," the foundation's investment specialist Sani Burhanuddin said.
"We hope that investors won't only focus their attention (on the) financial aspect, but also take fundamental aspects into consideration for their medium- and long-term investments."
The companies are judged on six areas, which are the environment, community involvement, good corporate governance, respect for human rights, business behaviour and labour practices.
Comment on this Article. Send them to firstname.lastname@example.org
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below