According to S&P Global, in 2020, ESG funds in the United States reached US$51bil (RM212.64bil) in assets under management, doubling from 2019 and a 10-fold jump from 2018. — BernamaIt is expected that ESG funds globally would surge to US$53 trillion (RM220.98 trillion) by 2035. The tobacco company also said it will be benchmarking itself against the FTSE4Good Bursa Malaysia ESG rating. Right now, there are only 76 companies listed in the index out of 933 listed companies on Bursa Malaysia. According to PwC Malaysia deals leader Victor Saw, at the onset of the pandemic, many companies in Malaysia adopted the “wait-and-see” approach believing that they had sufficient cash reserves to sustain themselves through the pandemic.
