Three exchanges based in Asia have announced a collaboration to promote sustainable investment in the region.
The exchanges of Indonesia, Malaysia and Thailand have signed a memorandum of understanding to explore the feasibility of a so-called ESG ecosystem.
The collaboration is also designed to bring more connectivity and comparability to ESG data, an area that is rife with inconsistency around the world and not just in Southeast Asia.
Other objectives to be pursued by the exchanges include the establishment of a sandbox for ESG-related businesses and various workshops and training sessions.
According to Pakorn Peetathawatchai, president of the Stock Exchange of Thailand, the move could lead to the development of “an interconnected ESG ecosystem” that will support the eventual integration of the ten Asean markets as “an attractive asset class for international investors”.
Source: Funds Global Asia