On June 11, 2019 The Star
Online (Malaysia) reported that “HSBC in Malaysia launched its first
environmental, social and governance (ESG) Islamic structured product in the
country.
The landmark ringgit principal protected participation floating rate Islamic
negotiable instruments linked to Hang Seng Corporate sustainability index
is an ESG-related Islamic structured product which is 100% principal protected
if held to maturity.
The product offered by HSBC
Amanah provides customers the opportunity to invest in a product that matches
their values when it comes to environmental and social causes, it said in a
statement on Tuesday.
‘The launch of the ESG Islamic Structured Product is indeed in line with HSBC Group’s aspiration in sustainable investment and reflects the Group’s overarching commitment to global sustainable development. We at HSBC believe that ESG factors can be used to drive portfolio outperformance and investors should consider these factors when making investment decisions.
In fact, here in Malaysia as well as worldwide, we see more asset owners embracing the notion that long-term sustainability needs to be embedded in their investment processes,’ said Tara Latini, country head, retail banking and wealth management, HSBC Bank Malaysia.”
You may read the article on The Star Online internet site.