Sime Darby Property makes it into DJSI for 2nd time

By FARA AISYAH / Pic By MUHD AMIN NAHARUL

SIME Darby Property Bhd has been selected as an index component of the Dow Jones Sustainability Indices (DJSI) for the second consecutive year.

Sime Darby Property acting group CEO Datuk Wan Hashimi Albakri Wan Ahmad Amin Jaffri (picture) said the recognition is a great honour for the group and the achievement reflects its commitment towards sustainable practices.

“This will definitely spur us to further our sustainability journey. We recognise that our greatest responsibility is to ensure that our townships and projects will have a positive impact on the economy, society and the environment, to protect the wellbeing of future generations,” he said in a statement yesterday.

The Dow Jones Sustainability Emerging Market Index comprise of emerging-market (EM) sustainability leaders identified by RobecoSAM, the investment specialist that focuses exclusively on sustainability investing.

It aims to represent the top 10% of the largest 800 companies in 20 EMs, based on long-term economic, environmental and social criteria.

Meanwhile, the DJSI — created jointly by S&P Dow Jones Indices and RobecoSAM — combines the experience of an established index provider with the expertise of a specialist in Sustainable Investing to select the most sustainable companies from across 61 industries.

The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios, and provide an effective engagement platform for investors who wish to encourage companies to improve their corporate sustainability practices.

“The SAM Corporate Sustainability Assessment (CSA) has again raised the bar in identifying those companies best-positioned to address future sustainability challenges and opportunities,” RobecoSAM head of ESG Ratings Manjit Jus said.

“This year — which marks the 20th anniversary of the DJSI — record corporate interest in the SAM CSA that reflects the enduring relevance of the DJSI for measuring and advancing ESG (environmental, social and governance practices,” he added. Sime Darby Property observes sustainability as an important agenda in line with its vision of building sustainable communities.

Last month, the developer signed a memorandum of understanding (MoU) with Tropical Rainforest Conservation and Research Centre (TRCRC), a local non-governmental organisation with expertise in rainforest conservation and research.

The MoU outlines the partnership between the group and TRCRC for the operation of the Elmina Rainforest Knowledge Centre (ERKC) and an endangered, rare and threatened (ERT) Native Tree Nursery within the 300-acre (121ha) Central Park in the City of Elmina, Shah Alam, Selangor.

While the centre will focus on environmental education and conservation, research and development as well as promotion of eco-tourism, the ERT Tree Nursery will focus on producing up to 100,000 ERT tree species.

This area is connected to the 2,700-acre Subang Forest Reserve and will be an off-site conservation area, extending the rainforest into the township’s urban park. The company said it will keep up efforts to measure the progress of its sustainable journey, by tracking and monitoring its impact on the environment through a combination of initiatives while achieving internal reduction targets.