KUALA LUMPUR: British American Tobacco Malaysia Bhd (BAT Malaysia) has bagged 4-stars in the Bursa Malaysia's environmental, social and governance (ESG) ratings for public-listed companies that is assessed by FTSE Russell.
"Securing this 4-star rating reflects our unrelenting commitment to upholding high standards of ESG practice.
"Our ESG efforts support our purpose to build A Better Tomorrow, which has sustainability in the front and centre of everything that we do," BAT Malaysia managing director Nedal Salem said in a statement today.
The four stars represent companies in the top 25 per cent amongst Malaysian public listed companies by virtue of their ESG performance.
"As we move into 2022, we will continue working towards reducing the health impact of our business while championing environmental, social and governance excellence.
"We believe this will drive the company's long-term business sustainability and create shared value for consumers, society, employees and our shareholders," Nedal said.
The Bursa Malaysia FTSE Russell ratings measure the overall quality of a company's management of ESG issues.
Its ESG data model is overseen by an independent external committee comprising experts from the investment community, business, non-government organisations (NGO), unions and academia and supports alignment with the United Nations' Sustainable Development Goals.
FTSE Russell is a leading global index provider creating and managing a wide range of indexes, data and analytic solutions.
Covering 98 per cent of the investable market, FTSE Russell indexes offer a true picture of global markets.