New RESPECT Index Portfolio

Added: 13.12.2018

Warsaw, 12 December 2018

New RESPECT Index Portfolio

PRESS RELEASE

  • GPW has published the twelfth edition of the RESPECT Index portfolio
  • The Index has a record-high number of 31 participating companies, including three new members
  • The RESPECT Index has gained 70 percent since its first publication in 2009
  • GPW has awarded the first RESPECT Certificate

The Warsaw Stock Exchange (GPW) has announced the new portfolio of RESPECT Index, the social responsibility index. Following a review, the index portfolio in its twelfth edition has 31 participating companies, including two new members: Amrest Holding SE, CCC S.A., as well as PKN Orlen S.A. returning to the index after a year. This year’s number of members of the RESPECT Index is the highest ever.

“Companies increasingly appreciate the importance of non-financial information in investor relations. The 12th edition of the RESPECT Index includes no less than 31 such companies. In addition, this year’s edition includes the first RESPECT Certificate. Certificates are dedicated to companies which cannot participate in the index but wish to be recognised for compliance with the highest standards of corporate social responsibility on GPW. Furthermore, companies which care about the quality of relations with counterparties will be awarded for the first time in partnership with the Energy Regulatory Office. We congratulate the winners of this year’s edition and wish them many a success in the development of socially responsible brands,” said Izabela Olszewska, Member of the GPW Management Board.

GPW has awarded the first RESPECT Certificate. Certificates are addressed to companies which cannot participate in the RESPECT Index but wish to be recognised for compliance with the requirements of corporate social responsibility. Certificates are awarded to companies which comply with the same requirements as the index participants after they complete the survey questionnaire and score the required number of points. Provident Polska is the first company to win a RESPECT Certificate.

This year’s edition of the index includes 31 companies (in the alphabetical order):

  • Agora S.A.
  • Amrest Holidngs SE
  • Apator S.A.
  • Bank Handlowy w Warszawie S.A.
  • Bank Millennium S.A.
  • Bank Ochrony Środowiska SA
  • Bank Pekao S.A.
  • CCC S.A.
  • Budimex S.A.
  • Elektrobudowa S.A.
  • Energa S.A.
  • Fabryki Mebli „FORTE” S.A.
  • Giełda Papierów Wartościowych w Warszawie S.A.
  • Grupa Azoty S.A.
  • Grupa LOTOS S.A.
  • ING Bank Śląski S.A.
  • Inter Cars S.A.
  • Jastrzębska Spółka Węglowa S.A.
  • KGHM Polska Miedź S.A.
  • Lubelski Węgiel Bogdanka S.A.
  • mBank S.A.
  • Orange Polska S.A.
  • PCC Rokita S.A.
  • PGE Polska Grupa Energetyczna S.A.
  • PGNIG S.A.
  • PKN Orlen S.A.
  • PZU S.A
  • Santander Polska 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 21 December 2018.

Index participants are selected on the basis of a score won in the survey. The average score of all companies was 62.43 points, a modest increase year on year. The index participants include 18 processing companies, 9 financial institutions, and 4 service providers. The average score of processing companies was 63.99 points, the average score of financial institutions was 62.63 points, and 4 the average score of service providers was 55.01 points.

The RESPECT Index performance proves that the companies in the portfolio generate higher returns than the market benchmark (WIG). Within nine years of the index, from November 2009 to December 2018, it has gained 70 percent. Meanwhile, the broad market index WIG has gained 47 percent and WIG20 has lost 4 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. 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.

Figure 1. RESPECT Index and WIG performance in 2009–2018:





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The Warsaw Stock Exchange (GPW) is the biggest exchange in Central and Eastern Europe. GPW operates a regulated market of shares and derivative instruments and the alternative stock market NewConnect for growing companies. GPW is developing Catalyst, a market for issuers of corporate and municipal bonds. Since 9 November 2010, GPW is a public company listed on Warsaw Stock Exchange. For more information, visit http://www.gpw.pl.