On August 8, 2018 The Star Online (Malaysia) reported that “BIMB Investment Management Bhd (BIMB Investment) targets to reach a RM150 million fund size within a year for its newly launched BIMB ESG Sukuk Fund, the world’s first environmental, social and governance (ESG) sukuk fund.
Chief Executive Officer Najmuddin Mohd Lutfi said the sustainability analysis of each company the fund invests in would be made using UK-based Arabesque Asset Management Holding Ltd’s proprietary S-ray machine learning and big data technology screening system.
The system is the first of its kind in the world to assess a company’s ESG score on a daily basis.
‘It will analyse the performance of companies according to the United Nations Global Compact normative principles of human rights, labour rights, and environment and anti-corruption practices.
The robust and deep ESG analysis provides insights and better understanding of a company’s management quality and its positioning for long-term success,’ he said.”
You may read the article on The Star Online internet site.