Malaysia, Indonesia and Thailand Bourses Ink ESG Partnership

Malaysia, Indonesia and Thailand Bourses Ink ESG Partnership

by September 20, 2023 0 comments

Bursa Malaysia, the Indonesia Stock Exchange (IDX), and the Stock Exchange of Thailand (SET) is set to explore setting up an inter-regional Environmental, Social, and Governance (ESG)-linked ecosystem.

The three exchanges aim to collaboratively spur the adoption of good ESG practices and drive responsible growth in their respective markets, while offering cross-border opportunities related to ESG investments.

It is also looking to identify commonalities within the ASEAN ESG ecosystem to facilitate cross-border trade, broaden business opportunities, and advance sustainable financing for corporations of all sizes and their supply chains in the region.

The three exchanges will work together to help companies reduce their carbon footprint and become more sustainable across their supply chains.

The partnership will also look into creating a “sandbox” environment to facilitate trade and create new business opportunities for companies including SMEs.

They will also work on sharing their expertise in ESG practices through workshops, training sessions, and other programmes to help improve the ESG ecosystem.

Datuk Muhamad Umar Swift

Datuk Muhamad Umar Swift

Datuk Muhamad Umar Swift of Bursa Malaysia said,

“We are pleased to formalise this collaboration with SET and IDX. Through this partnership, we aim to enhance cross-border cooperation and seize opportunities to harmonise ESG measures and ESG infrastructure that promotes sustainable business practices in ASEAN.


This MoU establishes the groundwork for similar collaborations with other interested exchanges in Asia and lays a solid foundation for engaging partners from the Global North as well.”


Featured image: (From left to right) Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia; Pakorn Peetathawatchai, President of SET; and Iman Rachman, President Director of IDX sign the MoU for their respective exchanges.


No Comments so far

Jump into a conversation

No Comments Yet!

You can be the one to start a conversation.

Your data will be safe!Your e-mail address will not be published. Also other data will not be shared with third person.