WHO'S THE MOST CHARITABLE?

How Malaysia's Biggest Public Companies Give Back To Society?

What Is This Top 20 List About?

The ‘Bursa Top 20: Who’s The Most Charitable?’ offers a unique glimpse into the extent of corporate giving by the 20 highest-earning companies listed on Malaysia’s stock exchange in 2023. Find out who’s the biggest giver.

All information on this site is obtained through publicly available annual and sustainability reports from respective companies. Click on the company name to view their giving in detail.

Top 20 Earners & Their Giving

Company Name	Industry	FY2023 Net Profit (RM billion)	% Cash Giving to Profit	% In-kind Giving to Profit	Total Cash Giving (RM million)	In-kind giving	Employee Volunteer Hours (Hrs)
Malayan Banking Berhad	Financial Services	9.35	0.45%	N/D	42.54	Impacted 498,529 households	227,102
CIMB Group Holdings Berhad	Financial Services	6.98	0.47%	N/D	32.90	Impacted 166,032 lives	203,245
Public Bank Berhad	Financial Services	6.65	0.02%	N/D	1.20	Impacted 2,300 lives	307
Hong Leong Bank Berhad	Financial Services	3.82	N/A	0.01%	N/A	Contributions worth RM0.48 million	7,943
IHH Healthcare Bhd	Healthcare	2.95	1.21%	N/D	35.64	Impacted 328,661 lives	N/A
RHB Bank Berhad	Financial Services	2.81	0.18%	N/D	4.99	Impacted 50,050 lives	N/A
Hong Leong Financial Group Berhad	Financial Services	2.79	N/A	N/A	N/A	Impacted 1,100 lives	N/A
Tenaga Nasional Berhad	Utilities	2.77	3.57%	N/D	99.00	Impacted 6,635 lives	N/A
TIME dotCom Berhad 🆕	Telecommunications and Media	2.57	0.01%	N/D	0.19	Impacted 2,962 lives	974
MISC Berhad	Maritime Services	2.12	1.39%	N/D	29.60	Impacted 829 beneficiaries	N/A
YTL Power International Berhad 🆕	Utilities	2.45	0.30%	N/D	7.40	Impacted 24,180 lives	3,148
Sime Darby Plantation Berhad	Plantation	1.98	2.87%	N/D	56.75	Impacted 24,526 lives	N/A
Telekom Malaysia Berhad	Utilities	1.87	2.05%	N/D	38.35	Impacted 126,345 lives	2,888
Gamuda Berhad 🆕	Construction	1.84	0.01%	4.51%	0.09	Contributions worth RM82.89 million	N/A
Petronas Gas Berhad	Utilities	1.82	0.00%	0.00%	0.06	Contributions worth RM0.05 million	N/A
AMMB Holdings Bhd	Financial Services	1.74	0.04%	N/D	0.69	Impacted 21,943 lives	N/A
Petronas Chemicals Group Berhad	Industrial Product	1.69	0.18%	N/D	3.00	Impacted 170,000 lives	N/A
CelcomDigi Berhad 🆕	Telecommunications and Media	1.55	0.13%	N/D	2.00	Impacted 585,268 lives	N/A
Sime Darby Berhad	Consumer Products & Services	1.46	1.71%	N/D	25.00	Impacted 150 beneficiaries	N/A
PPB Group Berhad	Consumer Products & Services	1.39	0.17%	N/D	2.41	Impacted 16,397 lives	500

Legend:

N/A – Not Available (Amount not disclosed in publicly available report)

N/D – Not Defined (Data incomplete thus value is not defined)

🆕 – New Entries (Companies that have just entered the Bursa Top 20 list this financial year 2023/24)

All information are sourced from public annual and/or sustainability reports in year 2023 published by the respective companies. Data was collated and corroborated. Wiki Impact further contacted all companies to seek clarification for specific items. Of the 20 companies, only 2 companies replied and we appreciated the correspondence.

Here’s our methodology.

Last updated: 6 November 2024

Date of published: 6 November 2024

This independent report is produced without sponsorship from any organisation. The objective of the Bursa Top 20 is to promote philanthropy and encourage charitable giving among for-profit organisations.

The Giving Landscape Of Malaysia's Top 20 BURSA Companies In 2023

In a rapidly evolving global economic landscape, corporate philanthropy has become an integral facet of modern business. Against this backdrop, ‘Bursa Top 20: Who’s The Most Charitable?’ offers a compelling glimpse into the world of corporate giving by the 20 highest-earning companies listed on Malaysia’s stock exchange in 2023.

As we navigate the complexities of the contemporary business environment, this initiative serves as a unique endeavour to unravel the trends and practices of corporate philanthropy. By delving into the sustainability and annual reports of these corporations, we embark on a data-driven journey to gain fresh insights into the extent of corporate generosity in Malaysia.

This evidence-based reporting not only sets a new benchmark but also paints an aspirational vision for other companies to emulate or surpass in their charitable efforts. Through both monetary contributions and in-kind support, these Top 20 Bursa companies have demonstrated a profound commitment to corporate social and environmental responsibility, extending their impact to employees, communities, and societies at large.

Why Is This Necessary?

The purpose of this report is to help

challenge and inspire companies to give generously

encourage transparency and clarity in reporting

spark discussions on the importance of corporate philanthropy

The reports revealed a lack of uniformity in reporting, with varying measures of materiality and inconsistent definitions of giving (e.g., in-kind donations vs. cash). This made it difficult to compare the level of giving across companies. However, these challenges highlight the need for a standardised giving framework and more transparent reporting.

Four new company entrants

TIMEdotCom, YTL Power International, CelcomDigi and Gamuda newly entered the top 20 earners in Bursa Malaysia for FY2023/24.

Tenaga Nasional Berhad is the top cash donor

TNB contributed RM99 million equivalent to a cash-to-profit giving ratio of 3.57%.

Gamuda Berhad is the highest in-kind giver

Gamuda contributed RM82.89 million in in-kind giving, which is 4.51% of the company’s net profit.

Only 6 companies reported a cash-to-profit giving ratio of more than 1%

Out of 20 companies analysed, 14 companies reported a cash-to-profit ratio of less than 1% in 2023.

RM381.81 million in cash was donated in total

Collectively, the top 20 Bursa companies donated RM381.81 million in cash in 2023.

2 in 5 companies included the Bursa ESG Reporting Template

Only 8 companies incorporated the Bursa ESG Reporting Performance Data Table Template into their 2023 annual reports.

Only 8 companies reported employee volunteer hours

The total employee volunteer hours reported by all 8 companies was 446,107 hours.

Education is the top focus in the charitable givings

38.3% of all giving by these 20 companies was focused on Education.

Youth are the top beneficiaries from the givings

The Youth benefited from 35.4% of all giving by these 20 companies.

A Peek Into The Findings

Top Cash Givers In 2023 (Percentage Of Cash Giving To Net Profit)

Tenaga Nasional Berhad stood out as the top cash donor, achieving a cash-to-profit giving ratio of 3.57%. The company contributed RM99 million from its RM2.77 billion net profit to various charitable and social causes.

Sime Darby Plantation Berhad took the second spot in cash donations, with a cash-to-profit giving ratio of 2.87%. The company donated RM56.75 million out of its RM1.98 billion net profit to philanthropic activities.

Telekom Malaysia Berhad ranked third, with a cash-to-profit giving ratio of 2.05%, contributing RM38.35 million from its RM1.87 billion net profit to charity.

Out of 20 companies analysed, 14 companies reported a cash-to-profit ratio of less than 1% in 2023.

Only 8 out of 20 companies (40%) incorporated the Bursa ESG Reporting Performance Data Table Template into their 2023 annual reports.

Collectively, the top 20 Bursa companies donated RM381.81 million in cash in 2023. This marks a significant increase from the previous year’s total of RM129.25 million, showcasing a notable improvement in corporate philanthropy and reporting transparency. The average cash-giving-to-net-profit ratio for these companies stands at 0.82%, reflecting an upward trend from the previous year’s percentage.

However, two companies; Hong Leong Bank Berhad and Hong Leong Financial Group Berhad did not specify the monetary value of their cash donations, highlighting potential areas for improvement in their philanthropic reporting.

Top In-Kind Givers In 2023 (In-Kind Giving To Net Profit)

Gamuda Berhad emerged as the top in-kind corporate giver, contributing RM82.89 million, which is 4.51% of the company's net profit.

Only 8 out of the 20 companies (40%) analysed recorded their employee volunteer hours for FY2023 , compared to nine companies last year.

Malayan Banking Berhad logged the highest number of volunteer hours at 227,102, a significant increase from last year's 14,709.25 hours.

Beyond cash donations, companies also made in-kind contributions through CSR programmes, food, products, and services to support various causes or beneficiaries. While some companies clearly stated the monetary value of their in-kind contributions, others did not. As a result, many companies reported their total community investment as part of their cash giving, without separately defining the value of in-kind contributions due to a lack of detailed data.

Aside from Gamuda Berhad, the other company that reported an in-kind contribution was Petronas Gas contributing RM50,000 which is 0.003% of the company’s net profit.

Corporate social responsibility is increasingly championed from within, as employees volunteer their time and expertise to support NGOs and grassroots initiatives, demonstrating the growing role of corporate professionals in driving social change.

Givings by Type of Contributions

The top 20 companies in Malaysia prioritize Education as the primary focus of their charitable giving, accounting for 38.3% of their contributions. The Environment comes in second at 17.2%, followed by Welfare at 11.5%, while Sports receives the lowest share at 0.5%.

Contributions to the Education category encompass a wide range of initiatives, including promoting education, raising awareness of various societal issues, offering training and upskilling opportunities, and providing sponsorship for educational facilities, materials, and other empowering educational endeavours. Notable educational initiatives by these companies include the iTEKAD programme, Financial Industry Collective Outreach (FINCO), Reach Independence & Sustainable Entrepreneurship (R.I.S.E Programme) by Malayan Banking Berhad, and TM Future Skills by Telekom Malaysia.

Type of Beneficiaries from Givings

Youth emerge as the leading recipients of these charitable contributions, accounting for 35.4%, followed by Community at 32.2%. The Environment ranks as the next significant beneficiary with 13.9% of the contributions, while the Elderly receives the smallest share at just 0.5%.

Among the prominent organizations and initiatives that have benefited from the support of the top 20 Bursa companies are the National Cancer Society of Malaysia (NCSM), Institut Jantung Negara (IJN), Komuniti Tukang Jahit (KTJ), Green Growth Asia Foundation, Malaysian Relief Agency Foundation, and Kechara Soup Kitchen.

A Chance For Greater Equality And Lasting Legacies

Corporate philanthropy has gained unprecedented significance in recent times. The business landscape is evolving, demanding that companies not only adapt but lead by redefining their priorities. Today’s customers and stakeholders seek brands that align with their values and commit to causes beyond profit.

The top earners bear a profound responsibility to be the foremost contributors. By cultivating a culture of generosity, transformation permeates from the highest echelons of corporate leadership to office cubicles, extending its reach to communities and vulnerable groups.

Through meaningful giving, companies have the extraordinary potential to shape enduring legacies. ‘Bursa Top 20: Who’s The Most Charitable?’ is intended to serve as a wellspring of inspiration and innovative ideas, empowering your company to make a difference through philanthropy.

Analysis Of Bursa Top 20 (2021-2023)

This year marks the third edition of the “Bursa Top 20: Who’s the Most Charitable?” analysis. We’ve created a comparison table to showcase how these companies have performed over the past three years, highlighting their progress and commitment to charitable giving. Our hope is that this analysis will inspire these companies to continue enhancing their contributions, fostering a stronger culture of corporate social responsibility.

Year-On-Year Comparison of Bursa Top 20 Companies (% Cash Giving To Net Profit)

Overall, Cash Giving to Profit (%) increased for most of the companies analysed in 2023/24. This improvement is partly due to increased transparency in reporting, as more companies disclosed their contributions this year. The rise in transparency is attributed to the introduction of the Performance Data Table template by the Bursa Malaysia ESG Reporting Platform, which encourages publicly listed companies to report their giving more comprehensively.

View 2023 Report

View 2022 Report

Giving In Action

Make Your Business Stand Out With Meaningful, Relevant & Impactful CSR Initiatives

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