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Will Top Glove's labour issues threaten its place on benchmark ESG indices?

Experts warn of severe impact if it loses its spot; human capital, corporate governance among top ESG issues

Uma Devi

Published Fri, Apr 2, 2021 · 05:50 AM

Singapore

TOP Glove could be in danger of being downgraded or booted out of indices based on environmental, social and governance (ESG) factors, after the company was once again thrust in the spotlight over labour practices.

Announcing its financial results for the second quarter of fiscal year 2021 ended February, the glove manufacturer had last month said it remains on the FTSE4Good Bursa Malaysia Index and the Dow Jones Sustainability Emerging Markets Index (DJSEMDUP).