KUALA LUMPUR (Dec 13): Following the latest semi-annual review, 28 new constituents have been included in the FTSE4Good Bursa Malaysia (FTSE4Good) index, with 22 new inclusions to the FTSE4Good Bursa Malaysia Shariah (FTSE4Good Shariah) index.

Meanwhile, one company was dropped from FTSE4Good, while two companies were left out of FTSE4Good Shariah. This means FTSE4Good now has 147 constituents, while FTSE4Good Shariah has 115.

The latest additions to both indices represent the highest number of inclusions since the indices were launched in 2014 (FTSE4Good) and 2021 (FTSE4Good Shariah).

"The increase reflects the progress of Malaysian public-listed companies in enhancing their ESG (environment, sustainability and governance) disclosure and practices, which is supported by Bursa Malaysia and FTSE Russell’s outreach programmes and educative initiatives," said Bursa Malaysia Bhd (KL:BURSA) in a statement Thursday.

21 companies made it into both indices. These include: AirAsia X Bhd (KL:AAX), Ann Joo Resources Bhd (KL:ANNJOO), Comfort Glove Bhd (KL:COMFORT), Cypark Resources Bhd (KL:CYPARK), Eastern & Oriental Bhd ((KL:E&O), Evergreen Fibreboard Bhd (KL:EVERGRN), IHH Healthcare Bhd (KL:IHH), IJM Corporation Bhd (KL:IJM), Land & General Bhd (KL:L&G), Malayan Flour Mills Bhd (KL:MFLOUR), Mega First Bhd (KL:MFCB), Optimax Holdings Bhd (KL:OPTIMAX), OSK Holdings Bhd (KL:OSK), Paramount Corp Bhd (KL:PARAMON), Perak Transit Bhd (KL:PTRANS), QES Group Bhd (KL:QES), Sime Darby Property Bhd (KL:SIMEPROP), Skyworld Development Bhd (KL:SKYWLD), Sunway Construction Group Bhd (KL:SUNCON), Swift Haulage Bhd (KL:SWIFT), Thong Guan Industries Bhd (KL:TGUAN) and TSH Resources Bhd (KL:TSH).

The other seven companies that were added to FTSE4Good are: AEON Credit Service (M) Bhd (KL:AEONCR), Affin Bank Bhd (KL:AFFIN), IGB Real Estate Investment Trust Bhd (KL:IGBREIT), IOI Properties Group Bhd (KL:IOIPG), Magnum Bhd (KL:MAGNUM), OSK Holdings Bhd (KL:OSK) and Pavilion Real Estate Investment Trust Bhd (KL:PAVREIT).

Bumi Armada Bhd (KL:ARMADA) was the remaining addition to FTSE4Good Shariah.

Kawan Food Bhd (KL:KAWAN) has been removed from both FTSE4Good and FTSE4Good Shariah indices, while Shangri-La Hotels (Malaysia) Bhd (KL:SHANG) was dropped from FTSE4Good Shariah.

All constituent changes will take effect at the start of business on Dec 23, said Bursa.

The FTSE4Good index measures the performance of public-listed companies (PLCs) with good liquidity that demonstrate strong environmental, social and governance (ESG) practices. Its constituents are drawn from PLCs on the FTSE Bursa Malaysia EMAS Index, comprising eligible PLCs from small, medium and large market capitalisation segments.

The FTSE4Good Shariah index, on the other hand, tracks the constituents in the FTSE4Good list that are shariah-compliant, according to the Shariah Advisory Council (SAC) screening methodology.