23 Companies Now Participate in the Warsaw Responsible Companies Index RESPECT

23 Companies Now Participate in the Warsaw Responsible Companies Index RESPECT

On 31 January 2012, the Warsaw Stock Exchange published the new composition of the responsible companies index RESPECT. 4 new companies have been added to the RESPECT Index portfolio, the CEE’s first socially responsible companies index. Extension of the index portfolio to 23 companies proves rising CSR standards on the Polish market.

The publication of the index in its new composition will begin as of 1 February 2012. The index is comprised of 23 companies, including 4 new companies:

• Apator SA
• Bank BPH – new company in the index composition
• Bank Handlowy w Warszawie SA
• Bank Millennium SA
• Budimex SA
• Ciech SA – new company in the index composition
• Elektrobudowa SA
• Grupa Lotos SA
• ING Bank Śląski SA
• KGHM Polska Miedź SA
• Kredyt Bank SA
• LW Bogdanka SA
• Mondi Świecie SA
• Netia SA
• PGE Polska Grupa Energetyczna SA
• PKN Orlen SA
• PZU – new company in the index composition
• Telekomunikacja Polska SA
• Zakłady Azotowe w Tarnowie-Mościcach SA
• Zespół Elektrociepłowni Wrocławskich KOGENERACJA S.A. – new company in the index composition

Two companies among the new participants of the RESPECT Index: Bank BPH and Ciech SA, were index participants in the first edition of the project (published on 19 November 2009). PZU SA and Zespół Elektrociepłowni Wrocławskich KOGENERACJA S.A. have qualified as participants of the Warsaw responsible companies index for the first time.

The addition to the list of four new companies, which comply with the highest standards of responsible management among the companies listed on the Warsaw Stock Exchange, proves that Polish companies are increasingly interested in Corporate Social Responsibility (CSR), which gradually becomes an integral part of companies’ business strategies.

“We are glad that Polish companies are so strongly interested in our ‘tool’ which measures and validates the level of responsible management and that our index gives companies a chance of better exposure to investors. Sustainable development based on such factors as corporate governance or stakeholder relations is increasingly important, especially today when we face a serious crisis of confidence on the global market. I hope that the period of market downturn will spur the interest of investors in these companies as they select assets much more carefully today,” said the CEO of the Warsaw Stock Exchange Mr Ludwik Sobolewski about the results of the fourth edition of the RESPECT Index. 

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