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2016-12-15 16:46:53

GPW Publishes the New 10th RESPECT Index Portfolio

15 December 2016

GPW Publishes the New 10th RESPECT Index Portfolio

PRESS RELEASE

  • GPW has published the tenth edition of the RESPECT Index portfolio on 14 December 2016
  • The Index has a record-high number of 25 participating companies, including four new members
  • The RESPECT Index has gained 50 percent since its first publication in 2009

The Warsaw Stock Exchange (GPW) has announced the portfolio of RESPECT Index, the social responsibility index, on 14 December 2016. Following a review carried out by Deloitte, the index portfolio in its tenth edition has 25 participating companies, including four new members: Fabryki Mebli Forte S.A., PCC Rokita S.A., Bank Pekao S.A., and Trakcja PRKiI S.A. This year’s number of new members of the RESPECT Index is the highest ever.

“The RESPECT Index is the first social responsibility index in Central and Eastern Europe. This year’s tenth edition includes 25 participating companies which follow the highest standards of corporate governance, reporting, and investor relations, including environmental, social and employee factors. I am glad that the number of companies which work for sustainable development as a part of their long-term business strategy is growing from year to year. Their initiatives support the development of the capital market, enhance investor confidence, and provide investors with tools necessary in key business decision-making” said Professor Małgorzata Zaleska, President of the Management Board of the Warsaw Stock Exchange.

This year’s edition of the index includes 25 companies (in alphabetical order):

  • Apator S.A.
  • Bank Handlowy w Warszawie S.A.
  • Bank Millennium S.A.
  • Bank Pekao S.A.
  • Bank Zachodni WBK S.A.
  • Budimex S.A.
  • Elektrobudowa S.A.
  • Energa S.A.
  • Fabryki Mebli „FORTE” S.A.
  • GPW S.A.
  • Grupa Azoty S.A.
  • Grupa LOTOS S.A.
  • ING Bank Śląski S.A.
  • KGHM Polska Miedź S.A.
  • Lubelski Węgiel Bogdanka S.A.
  • Orange Polska S.A.
  • PCC Rokita S.A.
  • Pelion S.A.
  • PGE S.A.
  • PGNIG S.A.
  • PKN Orlen S.A.
  • PZU S.A
  • Tauron PE S.A.
  • Trakcja PRKiI S.A.
  • Zespół Elektrociepłowni Wrocławskich Kogeneracja S.A.

The new RESPECT Index portfolio takes effect as of 19 December 2016.

“The jubilee tenth edition of the RESPECT Index is an excellent opportunity to revisit the past editions, which have brought together 40 companies. We have four new members this year. Eight companies have been present in the portfolio from the inception of the index. They are the market leaders which steadily improve their responsible business strategies and are an inspiration for others. Such behaviour is crucial in view of the obligation to disclose non-financial data effective as of January 2017. Three-fourths of companies present in the RESPECT Index portfolio prepare non-financial reports, 90 percent follow the GRI standards, and 50 percent undergo independent reviews,” said Irena Pichola, Partner, Sustainability Consulting Central Europe Leader, Deloitte.

The RESPECT Index performance proves that the companies in the portfolio generate higher returns than the market benchmark (WIG). Within seven years of the index, from 19 November 2009 to 13 December 2016, it has gained more than 50 percent. Meanwhile, the broad market index WIG has gained 28 percent.

The RESPECT Index is Central and Eastern Europe’s first social responsibility index. The project was initiated by Warsaw Stock Exchange in 2009 when the first index portfolio was published. The RESPECT Index portfolio covers Polish and foreign companies listed on the GPW Main Market. The index portfolio is selected from among the most liquid listed companies participating in the indices WIG20, mWIG40 and sWIG80. The participating companies are screened in a three-step process by GPW and the Association of Listed Companies (SEG) in a review of their market communications, including current and periodic reports as well as corporate websites. Another condition – social responsibility including the environment, the community, and employees – is reviewed in a survey by the project auditor Deloitte. In the current format, the company survey and index revision are performed annually in the second half of the year. The share of each company in the index portfolio is determined according to the same rules as for other stock exchange indices, taking into account free-floating shares, subject to a cap of the weight of the biggest companies at 25 percent where the number of participating companies is under 20 and otherwise at 10 percent.

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