JAKARTA – Three issuers are now listed as constituents of IDX ESG Leaders (IDXESGL) following a major evaluation in September 2024. The current effective period will last until March 18, 2025, from September 18, 2024.

Based on the information disclosure of the stock exchange quoted Thursday (12/9), the issuers that enter IDXESGL include PT Avia Avian Tbk (AVIA), PT Bank CIMB Niaga Tbk (BNGA), and PT PT Cisarua Mountain Dairy Tbk (CMRY).

AVIA reports free float ratio of 17.22% with ESG Risk Ratings of 21.92, while BNGA has a free float of 7.44% with ESG Risk Ratings of 20.66. Lastly, CMRY enters the index with free float ratio of 22.36% and ESG Risk Ratings of 19.13.

In the meantime, replaced companies that are discharged from the index are namely PT Adi Sarana Armada Tbk (ASSA), PT BFI Finance Indonesia Tbk (BFIN), and PT Chandra Asri Pacific Tbk (TPIA).

IDXESGL is known to have 30 constituents from several industry sectors in Indonesia. The index measures the price performance of stocks with good Environmental, Social, dan Governance (ESG) evaluations, not involved in significant controversy, and high stock liquidity and great financial performance. ESG evaluation and controversy analysis are carried out by Sustainalytics. (LK/ZH)