The company said this will attract investors focussed on environmental, social, and governance (ESG) aspects, potentially leading to increased investment and better access to capital.

In a statement, its managing director and group CEO Gian Carlo Maccagno said the inclusion in the indices is “a testament to the company’s ESG efforts, offering investors better visibility into its work”.

“We are proud of what we have achieved so far and are committed to achieving carbon neutrality in our operations by 2026,” he said.

Wasco said the achievement provides a benchmark for continuous improvement in ESG performance, encouraging companies to uphold high standards.

Moving forward, the company remains steadfast in its commitment to achieving its ambitious Net Zero 2026 target, creating long-term value for its stakeholders, and contributing positively to the environment and society.

“The inclusion in these indices is not just a feather in Wasco’s cap but a testament to its ongoing commitment to creating positive impacts within the organisation and the broader communities it serves,” it said.

The company said its inclusion in the F4GBMS index was in accordance with the Shariah Advisory Council screening methodology.

It added that both indices are reviewed semi-annually in June and December, set against international criteria.

“For the latest review period of June 2024, the 12 additions to the F4GBM Index will bring the total number of constituents to 120, representing a 400% increase since the index’s inception in December 2014 with only 24 constituents,” it said.

At the close of trading, Wasco’s share price was up by one sen or 0.68% at RM1.48, giving the group a market capitalisation of RM1.15 billion.