Singapore-listed companies practicing good corporate social responsibility (CSR) outstripped their rivals in a recent bull-run on the Kuala Lumpur Composite Index (KLCI), according to OWW Consulting.
OWW reported that from 3 January to 5 February this year, companies on the OWW ResponsibilityTM Malaysia SRI Index gained 11.12%, compared to 9.73% on the KLCI. Changes announced with Singapore’s budget last year encourage all companies to include in the annual report a statement on their CSR performance, and OWW finance director Arshad Adam predicted SRI stock will continue to provide excellent returns.
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