JakartaPost-Dec 23

The Indonesia Stock Exchange (IDX) has two new indexes that are based on environmental, social and governance (ESG) scores, catering to growing investor interest in the performance of companies beyond their corporate financials. The two indexes were launched on Monday in collaboration with the Indonesian Biodiversity Conservation Trust Fund (Kehati) Foundation. While the ESG Sector Leaders IDX KEHATI consists of companies with the highest ESG scores in their respective sectors, the ESG Quality 45 IDX KEHATI reflects 45 companies with top scores in both ESG and financial performance. To determine their ESG scores, Kehati Foundation assesses companies based on their sustainability reports and financial reports of the past five years. The foundation excludes companies in nine sectors, which include tobacco, pesticides and genetically modified organisms (GMO). The ESG scores reflect companies’ responsibility regarding energy use, greenhouse gas emissions and consumer rights, among other assessment criteria. Read more at: https://www.thejakartapost.com/business/2021/12/23/responsible-investment-on-rise-as-idx-launches-esg-based-indexes.html