The Warsaw Stock Exchange has announced the new list of socially responsible companies (RESPECT Index). PCC Rokita is for the third time classified amongst the enterprises quoted on the RESPECT Index, in its 12th edition. RESPECT Index is the first index of socially responsible corporations in Central and Eastern Europe.
After verification, the 12th edition of the index will gather 31 out of nearly 500 companies quoted on the main stock exchange. The goal of RESPECT Index is to identify companies which run their business in a responsible and sustainable manner. Participation in that elite group is an important distinction. This year’s edition of the Index includes such companies as KGHM Polska Miedź S.A., PKN Orlen S.A., PZU S.A, CCC S.A., Orange Polska S.A. or Giełda Papierów Wartościowych w Warszawie S.A.
– The group of companies that based their business on CSR principles and those which see the importance of non-financial factors in communication with investors is growing year by year. The 12th edition of RESPECT Index covered as many as 31 enterprises. Additionally, in this year’s edition we introduced for the first time the RESPECT Certificate, which is awarded to those companies that may not be on the Index but wish their top standards of corporate social responsibility to be confirmed by the Warsaw Stock Exchange. Besides, in cooperation with the Energy Regulatory Office, for the first time we have awards to be given to companies which care about their business relations. Congratulations to all the winners of this year’s edition. We wish you continue your success in developing corporate social responsibility – said Izabela Olszewska, Member of the Board at the Warsaw Stock Exchange, at the gala to announce the list of companies quoted on the RESPECT Index.
The RESPECT Index companies stand out by the quality of reporting, the level of investor relations, or corporate governance. As the eligibility criteria included fluidity, the RESPECT Index, like other exchange indices, is a real point of reference for professional investors.
Verification of the companies that wish to join the RESPECT Index takes into account the share price, dividend paid out and assessment by the advisory group Deloitte, conducted at the company office based on documents and interviews with the most important employees in each business area. The companies listed on the Index are qualified based on the number of credits gained in the assessment.
For nine years of existence, the Index increased its value by 70 percent. At the same time the broad market index WIG grew by 47% and WIG20 dropped by 4%. This result indicates that the enterprises composing the Index show a higher return rate than the market average expressed by the WIG.
The new composition of RESPECT Index will be valid until 27 December 2018.