Published on 02 Feb 2021.
RAM Sustainability Sdn Bhd (RAM Sustainability) today launched R1ESGo™, a new suite of rating services to benchmark industry and entity environmental, social and governance (ESG) risks. R1ESGo™ industry and entity ratings offer ESG guidance and analytics to investors, banks and other stakeholders in the financial market.
R1ESGo™ ratings are risk-focused evaluations of the relevance and impact of an array of ESG factors on different industries, and the relevant companies’ management of these risk factors. R1ESGo™ ratings are expressed through a scale of 15 risk bands, facilitating a granular and organised way for users to rank and track ESG risks for their portfolios and counterparties. The ratings are built on global standards but calibrated with RAM’s deep local insights for the domestic market.
“As an industry participant, we value independent ESG benchmarks and references that could help us in fulfilling our duty as a responsible bank. We believe that RAM’s R1ESGo™ ratings could serve as a vital tool for the financial industry in defining ESG benchmarks,” says Rafe Haneef, CEO of CIMB Group Transaction Banking & Group Chief Sustainability Officer.
“ESG considerations are gaining prominence as regulators, investors and banks scrutinise the impact on both the market and their portfolios,” highlights Promod Dass, CEO of RAM Sustainability. “The RAM Group is committed to enhancing Malaysia’s ESG knowledge and practices, by providing research and the relevant assessment tools to all stakeholders,” adds Dass.
As part of our launch of the first phase of R1ESGo™, the industry ratings are available to the public at https://www.ram.com.my/sustainability?boxid=538&page=r1esgo
About RAM Sustainability Sdn Bhd
RAM Sustainability is a provider of sustainability services and environment, social and governance (ESG) analytics. Incorporated on 31 May 2000, RAM Sustainability is a wholly owned subsidiary of RAM Holdings Berhad (RAM Group). RAM Sustainability is the first ASEAN-based provider of sustainability ratings and second opinions, and has the distinction of being the first Registered Observer of the International Capital Market Associations’ (ICMA) Green Bond Principles (GBP), Social Bond Principles (SBP) and Sustainability Bond Guidelines in ASEAN. It is also a member of both ICMA’s 2019/2020 New Markets Taskforce and 2020/2021 Advisory Council to the GBP and SBP Executive Committee. On 12 August 2020, RAM Sustainability became an Approved Verifier for the certification of climate bonds under the Climate Bonds Standard & Certification Scheme after having been awarded the status by the Climate Bonds Standards Board. For further details, please refer to https://www.ram.com.my/sustainability.
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