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PETALING JAYA: The adoption of environmental, social and governance (ESG) principles in the banking sector is gaining momentum but its success will hinge on embracing the right action. Experts and bankers agree that the adoption of ESG principles in the sector is vital and needs beefing up to ensure a healthy bottom line in the long term despite some hiccups. Ernst & Young (EY) Advisory Services Sdn Bhd director for climate change and sustainability services Arina Kok (pic below) said with the recent issuance of the Climate Change and Principle-based Taxonomy by Bank Negara, many financial institutions have started to integrate ESG considerations into their lending practices and risk management, albeit at an early stage of adoption. ....
KUALA LUMPUR (Feb 26): The Employees Provident Fund (EPF) said it had launched a syariah private equity (PE) direct and co-investment separate managed account (SMA) fund with an allocation of US$600 million (RM2.43 billion). This is the world s first and largest syariah private equity SMA fund, said the EPF in a statement today. Through the allocation, the EPF will have three SMAs of US$200 million each to be managed by three private equity fund managers BlackRock, HarbourVest Partners LLC and Partners Group AG with a global mandate that focuses on direct and co-investment strategies into growth and buyout transactions. The investment period is from 2021 to 2025, while the fund term will run from 2021 to 2031, subject to further extensions with the EPF’s consent. ....
EPF launches world's first and largest Shariah PE fund of RM2.43b thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.