PBG included in the RESPECT Index
PBG S.A. has once again secured a place in the respectable group of socially responsible companies – the RESPECT Index. We regard this distinction as a great honour but also as an obligation to further intensify our CSR efforts.
We are delighted that our consistent implementation of a long-standing strategy and initiatives in line with our corporate mission (seeking to improve the welfare of society through the use of new technologies and solutions) have brought benefits to our stakeholders and to ourselves.
This year's is the fourth edition of the RESPECT Index. Since its inception (November 19th 2009), the index has more than doubled in value. For comparison, WIG20 has gained slightly over 50% over the same period. In its first edition, the index comprised 16 companies. The idea to establish a CSR index was conceived chiefly to provide retail and institutional investors with a professional assessment tool.
Companies aspiring to join the group of top CSR-aware corporations must satisfy rigid criteria. The first one is stock liquidity. Management of the WSE has justly assumed that socially responsible companies need to be "available" to investors. As CSR may not simply be art for its own sake, the liquidity criterion is taken very seriously.
The next stage of the selection process is the assessment of corporate practices in the areas of corporate governance, corporate disclosure discipline and investor relations.
The third step is to assess the level and degree of comprehensiveness of the CSR initiatives. The assessment process involves review of questionnaires returned by the companies.
Considering the multifaceted approach to the selection process, it is no wonder that only true gems may be invited to join the index. We are proud to be one of them.
