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Warsaw Stock Exchange GPW publishes 10th Respect Index

The Warsaw Stock Exchange (GPW) has published the names of the companies which make up its tenth Respect Index. The socially responsible index has a record 25 members –  including four new entrants.

Since its first publication in 2009, GPW said that the index, which is Central and Eastern Europe’s first social responsibility index, has  gained 50% in value which compares to 28% for the broader market.

Professor Małgorzata Zaleska, President of the Management Board of the Warsaw Stock Exchange said: “This year’s tenth edition includes 25 participating companies which follow the highest standards of corporate governance, reporting, and investor relations, including environmental, social and employee factors. I am glad that the number of companies which work for sustainable development as a part of their long-term business strategy is growing from year to year. Their initiatives support the development of the capital market, enhance investor confidence, and provide investors with tools necessary in key business decision-making.”

Warsaw Stock Exchange Logo

Warsaw Stock Exchange (GPW) Publishes 10th Respect Index

GPW said 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 Deloitte. The company survey and index revision are performed annually in the second half of the year.

Irena Pichola, Partner, Sustainability Consulting Central Europe Leader, Deloitte, said: “The jubilee tenth edition of the Respect Index is an excellent opportunity to revisit the past editions, which have brought together 40 companies. We have four new members this year. Eight companies have been present in the portfolio from the inception of the index. They are the market leaders which steadily improve their responsible business strategies and are an inspiration for others. Such behaviour is crucial in view of the obligation to disclose non-financial data effective as of January 2017. Three-fourths of companies present in the RESPECT Index portfolio prepare non-financial reports, 90 percent follow the GRI standards, and 50 percent undergo independent reviews.”

What do you think?