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AmBank keeps ‘AA’ MSCI ESG rating

admin2022-08-2610

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In a statement, the bank said the ESG rating of AA places AmBank Group in the top 32% of 190 banks rated globally, based on the MSCI All Country World Index constituents, of which only 4% have been accorded the highest rating of AAA.

KUALA LUMPUR: AMMB Holdings Bhd (AmBank Group) has maintained its AA rating from MSCI Environmental, Social and Governance (ESG) Ratings that it initially attained in 2020.

In a statement, the bank said the ESG rating of AA places AmBank Group in the top 32% of 190 banks rated globally, based on the MSCI All Country World Index constituents, of which only 4% have been accorded the highest rating of AAA.

AmBank Group chief executive officer Datuk Sulaiman Mohd Tahir said the rating was a testament to the group’s consistency and tenacity in following through with its ESG agenda, which has redefined its business and operational approach, hinged firmly on sustainable and responsible banking principles.

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“With adherence to ESG standards as a key strategic focus, AmBank Group consciously embarks on inculcating responsible and inclusive practices as part of our fiduciary duties, in the delivery of sustainable financial products and services, ” he said. — Bernama


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