The UK bank moves to develop an ESG-related investment product range in line with Malasya’s Central Bank (Bank Negara Malaysia) value-based intermediation (VBI) initiative which seeks to shift the focus of the Islamic finance industry to integrate environmental and social tenets into banking activities.

HSBC in Malaysia is moving to take the lead in sustainable investment with the launch of the first-ever environmental, social and governance (ESG) Islamic structured product in the Malaysian market. ‘The launch of the ESG Islamic structured product is indeed in line with HSBC Group’s aspiration in sustainable investment and reflects the Group’s overarching commitment to global sustainable development,’ said Tara Latini, country head, retail banking and wealth management,

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