GLOBAL - Sustainable Asset Management (SAM) Group, Dow Jones Indexes and Stoxx have released results of the latest review of its sustainability indices.
The pan-European Dow Jones STOXX Sustainability Index (DJSI STOXX) index rose to 162 from 153 with 30 companies added and 21 deleted. Similarly the Dow Jones sustainability Index North America has increased to 162 with 30 new companies joining and 21 firms deleted.
Alexander Barkawi, managing director, SAM Indexes, said, overall, sustainability among companies had improved over the ten years the indices had been running.
Barkawi said: "Today, the world's leading companies are integrating sustainability considerations into their core business. They are accounting for general as well as industry specific sustainability risks and opportunities.
"At the same time, there remains significant room for improvement and thus wide scope for a continued strong sustainability momentum."
The indices looked at the leaders in terms of sustainability among several industries, examining economic, social and environmental performance, as well as issues such as corporate governance, risk management, branding, climate change mitigation and labour practices.
John Prestbo, editor and executive director, Dow Jones Indexes, added: "We expect the demand for sustainability indexing to continue with accelerating speed. We have seen a clear shift in the debate around sustainability issues and their important role for long term corporate performance.
"Several large institutional asset owners have moved into sustainability mandates, influential investment consultants have built up teams to support their clients in this field, and a growing number of market participants is integrating long term economic, environmental and social factors into their analysis."
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