hsbc-malaysia-launches-esg-islamic-structured-product

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  • 11 Jun 2019 12:00 AM
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HSBC Malaysia Launches ESG Islamic Structured Product

HSBC in Malaysia launched its first environmental, social and governance (ESG) Islamic structured product in the country. 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. HSBC’s ESG-related Islamic structured product is linked to the Hang Seng Corporate sustainability index, which tracks the performance of Hong Kong listed companies that excel in corporate sustainability. The product pays a fixed interest in the first two years of the investment. Payout at the end of third and fourth year is subject to Hang Seng Corporate Sustainability Index performance and subject to a cap of 5.90% and US$-Ringgit adjustment. Some of the common topics examined by the index include: climate change impact, energy efficiency, human rights, consumer privacy, gender equality, health and safety, corporate governance, and business ethics.

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