20 Companies in the Warsaw Stock Exchange RESPECT Index
- A new company has been added to the composition of the RESPECT Index in the fifth edition of the project which builds the WSE responsible companies index portfolio
- The RESPECT Index portfolio covers companies listed on the WSE which follow the highest corporate social responsibility (CSR) standards
On 31 July 2012, the Warsaw Stock Exchange published the new composition of the responsible companies index: RESPECT Index. The publication of the index after the revision of the portfolio starts on 1 August 2012.
The index comprises 20 companies, including one new company:
1. Apator S.A.
2. Bank BPH S.A.
3. Bank Handlowy w Warszawie S.A.
4. Bank Millennium S.A.
5. Budimex S.A.
6. Elektrobudowa S.A.
7. Grupa LOTOS S.A.
8. ING Bank Śląski S.A.
9. Jastrzębska Spółka Węglowa S.A. – new company in the index
10. KGHM Polska Miedź S.A.
11. Kredyt Bank S.A.
12. Lubelski Węgiel "Bogdanka" S.A.
13. Netia S.A.
14. Polska Grupa Energetyczna S.A.
15. Polski Koncern Naftowy ORLEN S.A.
16. Polskie Górnictwo Naftowe i Gazownictwo S.A.
17. Powszechny Zakład Ubezpieczeń S.A.
18. Telekomunikacja Polska S.A.
19. Zakłady Azotowe w Tarnowie-Mościcach S.A.
20. Zespół Elektrociepłowni Wrocławskich KOGENERACJA S.A.
Jastrzębska Spółka Węglowa S.A., which has recently celebrated the anniversary of its listing on the WSE, has been added to the WSE responsible companies index.
The development of the RESPECT Index project proves that companies listed on the Warsaw Stock Exchange increasingly understand the benefits of including responsible and sustainable management in their growth strategies. By creating an index of companies which follow the highest corporate governance and other responsible business standards, the WSE actively supports the building and development of CSR culture on the Polish capital market.
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RESPECT Index
The RESPECT Index portfolio covers Polish companies listed on the WSE Main Market which follow the highest corporate governance, reporting and investor relations standards, and which also include environmental, social and governance factors. The participating companies are screened by the WSE and the Association of Listed Companies (SEG) in a three-stage process of review of all these factors and additionally audited by the project partner since the first edition: Deloitte.
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% where the number of participating companies is under 20 and otherwise at 10%.
The return rate on the RESPECT Index was 32% from its first publication on 19 November 2009 until 27 July 2012.
Detailed criteria of all project stages and information for companies: http://www.odpowiedzialni.gpw.pl
