KLMEX (www.klmex.org) Launches Draft Socially Sustainable and Responsible Investment Index Philosophy and Criteria

Online, July 17, 2013 (Newswire.com) - Kuala Lumpur Mercantile Exchange (KLMEX) today reveals the draft Philosophy and Criteria for the proposed Socially Sustainable and Responsible Investment Index ("SSRI Index") which is set to join the new KLMEX Index Series.

KLMEX (www.klmex.org) Director of New Business and General Counsel, Michelle Ida Ang said: "A growing commitment is emerging amongst companies to principles of corporate social responsibility. In Asia, in particular, it is becoming difficult for companies to account for profitability alone, without taking in a CSR perspective.

KLMEX is working with the Advisory Committee to create an SSRI Index as an evolving means of meeting the complex needs of Socially Sustainable and Responsible Investment Index and as a contribution to the debate about CSR. The intention is for the SSRI Index to identify best practice in CSR and highlight those companies with good records in respect of CSR, and measure their share price performance."

Jamie Livingston, Chief Executive of KLMEX commented that: "The draft is a working document to assist in the creation of an SSRI Index for the Southeast Asian market. It is based primarily upon the existing KLMEX Good Philosophy and Criteria document, but has been updated to reflect the complex nature of social responsibility in Southeast Asia. When agreed, it is intended that this document will become the Philosophy and Criteria on which the Kuala Lumpur SSRI Index is based."

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