Thursday, 14 August 2025

AFFIN Group joins FTSE4Good Bursa Malaysia Index

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Wan Razly

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KUCHING: AFFIN Group announced its inclusion in the FTSE4Good Bursa Malaysia (F4GBM) Index, marking a significant milestone in the Group’s efforts towards Environmental, Social, and Governance (ESG) principles.

In a statement, it said that its recognition in the F4GBM demonstrates the Group’s unwavering focus on responsible business practices and sustainable growth.

It explained that the FTSE4Good, developed by FTSE Russell, is a globally recognised benchmark for companies excelling in environmental, social, and governance (ESG) performance.

“Companies included in the index are selected based on their commitment to sustainability, ethical business practices, and contributions to societal wellbeing, providing investors with a trusted measure of responsible investing.

“AFFIN’s inclusion in this distinguished series underscores its ongoing progress in promoting ESG integration within the financial sector,” it said.

Following this, it added that as of the third quarter of 2024, the Group’s Sustainable Financing represents 10.2 per cent of the total loan portfolio, with a target of 25 per cent by 2028.

“This reflects AFFIN’s proactive approach to financing projects that contribute to environmental sustainability and social development.”

Commenting on the matter, Affin Bank Berhad president and Group chief executive officer Datuk Wan Razly Abdullah said that being recognised by the F4GBM reflects the   Group’s dedication to driving AFFIN’s transformation journey and to raising the bar even higher in the years to come.

“This milestone reflects our focus on embedding sustainability at the heart of our operations and strategic objectives.

“At AFFIN, we believe that placing emphasis on ESG performance is not just a business imperative, but a core driver of long-term value creation and positive social impact, aligning with our AX28 Plan’s strategic pillar of Responsible Banking With Impact.”

Moreover, AFFIN’s commitment to ESG is evident in its various initiatives, including Solar Panels across 12 branches; Menara AFFIN @ TRX is primarily powered by renewable energy through the procurement of Renewable Energy Certificates, hence reducing the Group’s operational emissions; Partnership with KLEAN for the Reverse Vending Machine to sort recyclable waste such as plastic bottles and aluminum cans; and many more.

In addition to this, AFFIN also received three other prestigious awards namely the Green Building Award at the ESG Business Awards 2024; the National Corporate Governance & Sustainability Awards (NACGSA) 2024 Excellence Award Top 50 from Minority Shareholders Watch Group (MSWG); and the Best Major Building Project for Menara AFFIN @ TRX at the Malaysian Construction.

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