InstaForex

November 23, 2021

Top Glove Recognized By Dow Jones Sustainability Indices Again

Top Glove is indeed ‘Top’ right now.


Top Glove Corp Bhd has been included in the Dow Jones Sustainability Indices (DJSI) under the emerging markets category for the third consecutive year.


In a statement issued by the company, it ranked among the world's top 10% in the category of healthcare equipment and supplies in the S&P Global Corporate Sustainability Assessment on November 12.


This is an encouraging increase from last year's achievement where it ranked among the top 19%.


Indirectly, this saw Top Glove join Petronas Chemicals Group Bhd and MISC Bhd as Malaysian companies in the 2021 index.


Top Glove is the only Malaysian healthcare manufacturing company and one of three healthcare industry companies to have been included in this year's DJSI under the emerging market category.



DJSI is operated by the S&P Global rating agency which evaluates companies around the world in terms of environmental, social and governance (ESG) criteria.


Meanwhile, Top Glove’s recently released annual report for the financial year ended 31 August 2021 (FY21) has outlined their efforts to enhance ESG initiatives with interim targets to be achieved by FY25 as the company strives towards road map zero carbon.


The report also details their efforts to achieve zero carbon emissions at its water treatment plant by FY22 and at its office premises and warehouses by FY25.


In addition, the company in FY21 has strengthened its position as the employer of choice to 22,000 workers by tightening its zero -cost recruitment policy for foreign workers and has invested RM220 million in improving accommodation for its 13,000 foreign workers as well as strengthening its employee grievance channels.


Furthermore, the company has contributed RM2.2 billion in income tax for nation building and promoting sustainable economic growth besides providing assistance worth RM191 million in personal protective equipment and medical devices in supporting the community and frontline workers during the Covid-19 pandemic.


In addition, the company also improved its governance practices by having a diverse board of directors with 42% of its members being women, and limited the term of independent directorships to nine years without any further extension.