Socially Responsible Investment
CSR boosts Singapore-listed companies
Singapore-listed companies practicing good corporate social
responsibility (CSR) outstripped their rivals in a recent bull-run on the
Kuala Lumpur
Composite Index (KLCI), according to
OWW Consulting.
OWW reported that from 3 January to 5 February this year,
companies on the
OWW ResponsibilityTM Malaysia SRI Index gained 11.12%, compared to 9.73% on
the KLCI. Changes announced with Singapore’s budget last year encourage all
companies to include in the annual report a statement on their CSR performance,
and OWW finance director Arshad Adam predicted SRI stock will continue to
provide excellent returns.
He added that as more companies begin to report their CSR
performance, so the Index will widen to include more stocks and provide a wider
choice for SRI fund managers who have so far been unable to access consistent
and comprehensive CSR accounts from Malaysian businesses.
Links
Kuala Lumpur
Composite Index
OWW Consulting
OWW ResponsibilityTM Malaysia SRI Index
March 2007 |
