Tue, 23 Mar 2010
Cairo (Earth Times) - Egypt launched Tuesday its first environmental, social and governance (ESG) index, to become the second worldwide after India, Minister of Investment Mahmoud Mohieddin announced.
Mohieddin, announcing the index launch, said there were 30 companies initially listed.
"Businesses will be ranked according to their to alignment with international standards in the areas of labor, human rights, environment and anti-corruption measures," Mohieddin told a Corporate Social Responsibility conference.
The index aims at encouraging companies to be more transparent and to disclose their governance, social and environmental practices more clearly to increase their competitive advantage.
Standard & Poor's assisted the Egyptian Institute of Directors (EIOD) and the Egyptian Stock Exchange to develop, calculate, publish and maintain the index.
Cairo (Earth Times) - Egypt launched Tuesday its first environmental, social and governance (ESG) index, to become the second worldwide after India, Minister of Investment Mahmoud Mohieddin announced.
Mohieddin, announcing the index launch, said there were 30 companies initially listed.
"Businesses will be ranked according to their to alignment with international standards in the areas of labor, human rights, environment and anti-corruption measures," Mohieddin told a Corporate Social Responsibility conference.
The index aims at encouraging companies to be more transparent and to disclose their governance, social and environmental practices more clearly to increase their competitive advantage.
Standard & Poor's assisted the Egyptian Institute of Directors (EIOD) and the Egyptian Stock Exchange to develop, calculate, publish and maintain the index.
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