Statement on PETRONAS' Exclusion from J.P. Morgan's ESG Indices

PETRONAS wishes to state that  J.P. Morgan’s decision to exclude PETRONAS from its ESG Emerging Market Bond Index (“JESG EMBI”) and ESG Asia Credit Index (“JESG JACI”) at the end of June 2021 is regrettable. 

In this regard, PETRONAS views the decision as not in any way an accurate or true representation of our continuing commitment to sustainable and responsible investing, in line with environmental, social and good governance practices. 

As a business entity, PETRONAS adheres to prudent corporate governance and strict business practices in accordance with all applicable laws, rules, and regulations wherever it operates.  

We continue to work closely and engage with all relevant authorities and stakeholders in accordance with best practices and good corporate governance. 

PETRONAS remains firmly committed to respecting internationally recognised human rights. This commitment is closely aligned with the United Nations Guiding Principles on Business and Human Rights. 

PETRONAS is also determined to progress its sustainability journey, which forms the core essence of our Statement of Purpose, a progressive energy and solutions partner enriching lives for a sustainable future.